MAG Silver Corp.

MAG Silver Corp. is focused on advancing two significant projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the silver mining industry. Currently, we are advancing the underground decline towards the high grade Valdecañas and Juanicipio silver vein discoveries in Zacatecas State, all within the joint venture between MAG Silver (44%) and Fresnillo PLC (56%). In addition, we are negotiating surface access in order to further delineate our district scale, 100% owned Cinco de Mayo property in Chihuahua state, where two new silver, lead, zinc discoveries are opening up further growth opportunities for MAG Silver Corp.

Expert Comments:

David Sadowski, Raymond James (6/29/15)
"MAG Silver Corp. is a well-run silver exploration and development company with world-class assets in Mexcio. Flagship Juanicipio (44%-owned) in Zacatecas is the world's highest-grading undeveloped silver deposit and is currently under construction by veteran operator Fresnillo Plc. . .we believe all projects offer tremendous exploration upside. . .the company's stock trades at an attractive valuation, provides strong leverage to silver prices, and is a likely take-out candidate, in our view."

David Sadowski, Raymond James (6/26/15)
"We attended a technical session hosted by MAG Silver Corp. on recent deep drill results from the Valdecanas vein at 44%-owned Juanicipio in Mexico. . .we see potential—along with the existing base-metals–dominant Deep zone—to double mine plan reserves at high ounces-per-vertical-meter, likely justifying a shaft within the next several years. Once drill permits are received (likely sometime between mid-July and mid-August), the joint venture will commence a 10,000m follow-up deep drill program, which will spill into early 2016. . .our price target is CA$17.00 per share (up from CA$15.00 per share)."

Gwen Preston, Resource Maven (6/26/15)
"To confirm that the Juanicipio project's mineralization dies off at depth, MAG Silver Corp. and Fresnillo PLC punched four deep holes below the Deep zone—but instead of low grades, they hit exceptional grades over wide intercepts. . .if this deeper zone pans out as these first four holes suggest, there is a lot of additional, high-grade mineralization underneath the known deposit. . .the opportunity here is for a mine churning through twice as many tonnes per day at a lower cost per tonne. . .with higher average grades and a longer mine life."

Kevin MacKenzie, Salman Partners (6/25/15)
"Salman Partners attended MAG Silver Corp.'s analyst meeting in Vancouver, British Columbia, on June 24 to review the technical implications associated with recent drill results at Juanicipio. . .the meeting centered on the extension of high-grade mineralization at depth within the Valdecanas vein and the implications surrounding the now evolving deposit model. . .results indicate the potential for two overlapping vein systems. . .our target price for MAG Silver increases to $12.05/share (previously $11.50/share)."

Michael Gray, Macquarie Capital Markets (6/24/15)
"MAG Silver Corp. hosted a Valdecanas vein deep technical session in Vancouver today for investors and analysts. . .ore continuity track record of the Fresnillo silver mega-district is outstanding. . .a number of geological markers suggest that the bonanza grade portions of the Valdecanas West vein and the Valdecanas Deep vein are related to a central upwelling zone (or feeder zone). . .the Valdecanas vein is special as it has 'stacked' bonanza grade veins documented that offer high expansion potential. In our view, the Juanicipio joint venture is one of the best undeveloped precious metal assets on the planet."

David Sadowski, Raymond James (6/15/15)
"We believe all of MAG Silver Corp.'s projects offer tremendous exploration upside. With ~$80M in cash, the company has ample funds to cover 2015 exploration programs and the first phase of Juanicipio development; MAG Silver trades at an attractive valuation, provides strong leverage to silver prices and is a likely takeout candidate, in our view."

More Expert Comments

Experts Commenting on This Company

Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Michael Gray, Analyst – Macquarie Capital Markets
Wayne Hewgill, Analyst – Mackie Research Capital
Frank Holmes, Chairman – U.S. Global Investors
Heiko Ihle, Managing Director – H.C. Wainwright & Co.
Andrew Kaip, Analyst – BMO Capital Markets
Philip Ker, Mining Analyst – PI Financial
Douglass Loud, Executive Director – Greystone Asset Management, LLC.
Kevin MacKenzie, Analyst – Salman Partners
Chris Mancini, Research Analyst – Gabelli Gold Fund
Jeffrey Mosseri, President – Greystone Asset Management, LLC.
Shane Nagle, Analyst – National Bank Financial
Björn Paffrath, Director – Stabilitas-Fonds
Gwen Preston, Founder – Resource Maven
Lawrence Roulston – Metallica Development Fund Ltd., Quintana Resources Capital ULC
David Sadowski, Analyst – Raymond James
Chris Thompson, Mining Analyst – Raymond James
Trevor Turnbull, Analyst – Scotia Capital
Jeff Wright – Wolfpack Capital

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.
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