MAG Silver Corp.

MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Our principal focus and asset is the Juanicipio Property (44%), being developed in partnership with Fresnillo Plc (56%) and is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp. We are presently developing the underground infrastructure on the property, with the operational expertise of our joint venture partner, Fresnillo plc, to support a 4,000 tonnes per day mining operation. As well, we have an expanded exploration program in place investigating other highly prospective targets across the property. In addition, we continue to work on regaining surface access to our 100% owned Cinco de Mayo property in Mexico while we seek other high grade, district scale opportunities.

Expert Comments:

Joe Reagor, ROTH Capital Partners (5/18/18)
"MAG Silver Corp. has had a quiet start to 2018. . .however, we note this is rather common for development-stage companies. . .Q1/18 financials showed a lower cash burn rate than we previously anticipated but otherwise were essentially uneventful."

A Canadian silver mining company releases its 2017 financials and news on what is the highest-grade undeveloped asset in the world.
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Heiko Ihle, H.C. Wainwright & Co. (3/28/18)
"The planned 20,000m exploration drill program at MAG Silver Corp.'s Juanicipio continues to progress with four surface drill rigs in addition to one underground drill rig at site. . .we continue to believe that exploration upside potential at the project exists, especially given the potential for extension of known trends into the joint venture property and the general existence of numerous regional target areas that the company has identified."

Bhakti Pavani, Euro Pacific Canada (3/28/18)
"We believe 2017 ended on a positive note for MAG Silver Corp., as the company not only announced a robust PEA on the Juanicipio project but also stocked up the treasury (by ~$48M) with the completion of a private placement offering. . .at 2017E, MAG had a cash balance of $160M and a debt-free balance sheet."

Tara Hassan, Raymond James (3/27/18)
"MAG Silver Corp. ended 2017 with a cash position largely in line with expectations. . .the company reported a 2017 ending cash balance of $160M. . .it noted that the feasibility study for the Juanicipio project, required to make the final investment decision with joint venture partner Fresnillo, will be completed in Q2/18."

Tara Hassan, an analyst with Raymond James, provided an update on this company's joint venture project in Mexico.
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Tara Hassan, Raymond James (2/27/18)
"Production at MAG Silver Corp.'s Juanicipio is still on track for mid-2020. . .with the construction decision for Juanicipio expected in the coming months, we believe the company is well positioned to attract a market rerating as it transitions to production."

Tara Hassan, Raymond James (2/5/18)
"We are resuming coverage of MAG Silver Corp. with a CA$21 target price and an Outperform rating. . .the company's joint venture at the Juanicipio silver project positions it favorably among both precious metal producers and developers given the scale, high-grade nature and potential for further resource additions. With MAG well financed to respond to a production decision after the Q1/18 feasibility study, we believe it is well positioned to attract a market rerating as it transitions to production."

High-grade and district-scale are geologist Peter Megaw's mantra. We look into some of the projects he devotes his attention to right now.
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More Expert Comments

Experts Following This Company

Michael Gray, Analyst – Macquarie Capital Markets
Tara Hassan, Analyst – Raymond James
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Andrew Kaip, Analyst – BMO Capital Markets
Philip Ker, Mining Analyst – PI Financial
Kevin MacKenzie, Analyst – PI Financial
Bhakti Pavani – Euro Pacific Canada
Gwen Preston, Founder Resource Maven
Joe Reagor, Analyst – ROTH Capital Partners
Chris Thompson, Mining Analyst – Raymond James

The information provided above is from analysts, newsletters, the company and other contributors.

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