MAG:TSX
MVG:NYSE

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:

Philip Ker, PI Financial (9/2/15)
"Given the state of the sector, we believe the most attractive mergers and acquisitions target would be MAG Silver Corp. It possesses a strong balance sheet (~$85M), is well funded in the near term to support its capex requirements and its Juanicipio joint venture project is well underway into the construction phase with ~2.5 years remaining. . .therefore, we believe now is the time to increase our NAV multiple from 1.0x to 1.4x (in line with the more recent acquisition premiums)."

Kevin MacKenzie, Salman Partners (8/17/15)
"We see further potential upside to our target price on MAG Silver Corp. and therefore maintain our current Buy recommendation. . .if follow-up drilling of Valdecanas Deep supports the greater exploration thesis, then we could see a material increase to our applied exploration credit. . .with reference to the ramp-up of Fresnillo's adjacent Saucito II mine, which is focused on mining the strike extension of the Valdecanas vein, it is clear that there exists the potential to reduce the 2012 Juanicipio PEA opex assumptions."

Heiko Ihle, Rodman & Renshaw (8/17/15)
"On August 14, MAG Silver Corp. announced Q2/15 results. The company is currently focused on the continued ramp advancement at its flagship high-grade Juanicipio project, which is being undertaken by MAG's joint-venture partner Fresnillo. MAG ended the quarter with $81M cash, which we believe is sufficient to fund the company's planned activities for at least the next year. . .during H2/15, we expect the focus to remain on driving ramp development at Juanicipio in addition to increasing the focus on exploring the newly discovered deeper zone, which we think has the potential to significantly increase resources at the site."

"We still like MAG Silver Corp. . .what we like most about the company is its partnership with Fresnillo." read more >

"MAG Silver Corp.'s principal asset is the Juanicipio project, a 44%/56% joint venture with Fresnillo in the Fresnillo District. It's high quality but early stage, with production forecast for 2018. In April, Fresnillo reported assays that included 405 g/t silver, 2.7 g/t gold, 3.2% lead, 4.1% zinc and 0.37% copper over 35.4m. The market was quite excited about these results and for good reason." read more >

Heiko Ihle, Rodman & Renshaw (7/13/15)
"We are assuming coverage with a Buy recommendation and $9.40 per share price target on MAG Silver Corp. We believe Juanicipio remains one of the highest-grade undeveloped silver deposits in the world In our opinion, recent exploration results provide substantial potential for future upside."

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., Rodman & Renshaw
Andrew Kaip, Analyst – BMO Capital Markets
Philip Ker, Mining Analyst – PI Financial
Douglass Loud, Executive Director – Greystone Asset Management, LLC., Axiom Capital
Kevin MacKenzie, Analyst – Salman Partners
Chris Mancini, Research Analyst – Gabelli Gold Fund
Jeffrey Mosseri, President, Director – Greystone Asset Management, LLC.
Shane Nagle, Analyst – National Bank Financial
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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