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.
MAG:TSX MVG:NYSE

Expert Comments:

"MAG Silver Corp. has a new discovery that is different from the bonanza zones that make up the existing PEA and resource estimates at its Juanicipio project in Mexico, a joint venture with Fresnillo. The intercepts so far on the new deposit tend to be closer to 20m thick versus perhaps 6m on the bonanza zones. The grade tends to be a touch higher, too. In a sense, it could be a second mine, which demonstrates to Fresnillo that there is upside beyond the Juanicipio and the Valdecañas veins and leaves some meat on the bone for a potential acquirer. Also, as we mentioned earlier, we like companies that are nearing construction decisions and MAG Silver is roughly six months away from making one. . .under the joint venture agreement Fresnillo can't make a hostile bid to acquire MAG Silver. It would need to make a friendly offer. I don't expect any tension in the relationship created by the upside of that deposit. . .there's going to be an updated PEA that will include an additional resource and a rework of the mine model, which should show improved economics even with flat gold and silver prices. By the middle of 2016, MAG Silver should have all the necessary permits to break ground on construction. MAG Silver was responsible for 44% of the $312M capital budget originally estimated for the project. That should come down in the new PEA, given the money already spent to date. The next step after the PEA is a construction decision." read more >

Chris Thompson, Raymond James (1/18/16)
"We highlight MAG Silver Corp., Fortuna Silver Mines, and Tahoe Resources as defensive choices, reflective of our view that 2016 will be challenged by continued lackluster metal price performance. . .MAG Silver continues to rank as our top developer pick in the silver sector given its standout economically robust project. . .MAG Silver and Tahoe Resources rank favorably given their low operating cost structure (high margin) and strong balance sheets."

Philip Ker, PI Financial (1/11/16)
"MAG Silver Corp. and its joint venture partner Fresnillo continue to move ahead through construction of its Juanicipio project. Furthermore, anticipation is mounting for commencement of follow drilling on a previously announced discovery at depth at Juanicipio where drills have recently begun to turn once again."

Gwen Preston, Resource Maven (12/23/15)
"MAG Silver Corp. is one silver name that interests me; the company is looking ahead to production at its Juanicipio project in Zacatecas state, a developing mine that is a joint venture with 56% owner Fresnillo. Three high-grade silver-lead-zinc veins will provide the initial mill feed but the exploration upside at Juanicipio is substantial; the probability of more–and better–ore below the current deposit is high—Fresnillo's faith that the mine will end up bigger and better than planned shines through in the major's decision to build a much bigger ramp than the current mine plan requires."

Heiko Ihle, Rodman & Renshaw (12/16/15)
"On Dec. 15, 2015, MAG Silver Corp. announced the completion of its phase 3 drilling program at the Salamandra property. . .the company has fulfilled the CA$5.5M requirement for the initial 55% earn-in option on the property with a final CA$250K final option payment due by May 23, 2016. In our view, given its expertise in relation to carbonate replacement deposits and presence of mineralization at Salamandra, we expect the final earn-in payment to be made by MAG."

Kevin MacKenzie, Salman Partners (12/9/15)
"We may see an associated pullback in the price of MAG Silver Corp. as the result of the burst pipeline at the Saucito mine given that the Juanicipio project (44% MAG Silver, 56% Fresnillo) is located immediately adjacent. We view any associated pullback in the price of MAG as an attractive opportunity to buy. . .we maintain our Buy recommendation on the company with a target price of CA$12.05/share."

More Expert Comments

Experts Following This Company

Markus Bachmann, Fund Advisor – Craton Capital
John Bridges, Analyst – J.P. Morgan
Michael Gray, Analyst – Macquarie Capital Markets
John Hathaway, Senior Managing Director – Tocqueville Asset Management L.P.
Wayne Hewgill, Analyst – Mackie Research Capital
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 – Axiom Capital
Kevin MacKenzie, Analyst – Salman Partners
Chris Mancini, Research Analyst – Gabelli Gold Fund
David Morgan, Publisher – Silver Investor
Jeffrey Mosseri, President, Director – Greystone Asset Management, LLC., Axiom Capital
Shane Nagle, Analyst – National Bank Financial
Gwen Preston, Founder Resource Maven
Joe Reagor, Analyst – ROTH Capital Partners
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

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