MAG Silver Corp.

MAG Silver Corp. is a growth-oriented Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, precious metals projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the operator. The project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where the operator is currently advancing underground mine development and commissioning a 4,000 tonnes per day processing plant. Underground mine production of mineralized development material commenced in Q3 2020, and an expanded exploration program is in place targeting multiple highly prospective targets at Juanicipio. MAG is also executing multi-phase exploration programs at the Deer Trail 100% earn-in Project in Utah and the recently acquired Larder Project, located in the historically prolific Abitibi region of Canada.

Expert Comments:

headshot of Chen Lin

Chen Lin, What Is Chen Buying? What Is Chen Selling?

"On the buy side, I picked up some MAG Silver Corp. at around $11. If you look at the history in the past two to three years, $11 is always a good place to buy."

Ryan Thompson, BMO Capital Markets

"MAG Silver Corp. President and CEO George Paspalas highlighted the exploration potential at Juanicipio, at the 2023 BMO Capital Markets Global Metals, Mining & Critical Minerals Conference. Only 5% of the Juanicipio property has been explored, all of which has been confined to the northeast corner of the property. . .the property hosts two porphyry systems with high mineralization potential at fluid upwelling zones including Los Tajos and Venadas."

Ryan Thompson, BMO Capital Markets

"MAG Silver Corp. is expected to participate in the 32nd annual Global Metals, Mining & Critical Minerals Conference. It is being held from Feb. 26 to March 1."

Ryan Thompson, BMO Capital Markets

"We are resuming coverage of MAG Silver Corp. . .we have updated our model to reflect the 2.9M shares issued at US$14.65/share for gross proceeds of US$42.6M on Feb. 7 and the 1M shares issued at CA$23.75/share for gross proceeds of CA$23M this morning. . .with proceeds from the equity financing, the company is better funded to continue exploration/development at its projects including Juanicipio, Deer Trail and Larder."

headshot of Heiko Ihle

Heiko Ihle, H.C. Wainwright & Co.

"MAG Silver Corp. is one of our Top Picks for 2023. . .we believe that the recent power connection [at Juanicipio] represents the company's final step toward becoming a Tier 1 silver producer in Mexico that enjoys a favorable cost curve. In turn, MAG expects to reach a nameplate capacity of 4 Ktpd in mid- to late 2023."

Ben Pirie, Atrium Research

"MAG Silver Corp. announced a US$40M bought deal and a CA$20M bought deal flowthrough private placement led by BMO Capital Markets and Raymond James. The proceeds will be used to fund exploration at Juanicipio and MAG's other projects, including Deer Trail, and certain development costs at Juanicipio."

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More Expert Comments

Experts Following This Company

headshot of Cosmos Chiu
Cosmos Chiu, Executive Director of Precious Metals Equity Research – CIBC World Markets
Don DeMarco – National Bank Financial
Nicolas Dion, Analyst – Cormark Securities
Michael Fairbairn, Analyst – Canaccord Genuity
Craig Hutchison, Analyst – TD Securities
headshot of Heiko Ihle
Heiko Ihle, Managing Director – H.C. Wainwright & Co.
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Stephen Soock – Stifel
Chris Thompson, Mining Analyst – PI Financial
Ryan Thompson – BMO Capital Markets

Company News 

2/16/2023 – MAG Silver Closes C$23 Million Common Share Flow-Through Private Placement

2/7/2023 – Mag Silver Closes US$42.6 Million Common Share Offering

1/25/2023 – MAG Silver Announces US$40 Million Bought Deal MJDS Prospectus Offering and C$20 Million Bought Deal Flow-Through Private Placement

1/17/2023 – MAG Silver Discovers "Carissa" Zone at Deer Trail

12/28/2022 – MAG Silver Reports on the Juanicipio Project

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

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Readers should conduct their own research for all information publicly available concerning the company.

Streetwise Company Fact Sheet

MAG Silver Corp.

(MAG:TSX - MAG:NYSE American)

2023/3/24 16:21:47

Analyst coverage

CIBC World MarketsCosmos Chiu
National Bank FinancialDon DeMarco
Cormark SecuritiesNicolas Dion
Canaccord GenuityMichael Fairbairn
TD SecuritiesCraig Hutchison
H.C. Wainwright & Co.Heiko Ihle
ROTH Capital PartnersJoe Reagor
StifelStephen Soock
PI FinancialChris Thompson
BMO Capital MarketsRyan Thompson

Newsletter coverage

Company News

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01/31/2023 - View Article
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01/06/2023 - View Article
12/28/2022 - View Article
12/01/2022 - View Article

Streetwise - MAG Silver Corp. Ownership Overview*

MAG Silver Corp. (MAG:TSX; MAG:NYSE American)

*Share Structure as of 1/26/2023
MAG Silver Corp. Content