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.
MAG Silver Corp. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
Please refer to the important disclosures below for additional details.
MAG Silver Corp. (MAG:TSX; MAG:NYSE American) reported net income of US$22.29 million, or US$0.22 per share, for the three months ending September 30. Read why one analyst predicts its silver production this year will be "above the top of guidance."
MAG Silver Corp. (MAG:TSX; MAG:NYSE American) announced that its Juanicipio silver plant in Mexico maintained steady production for the quarter ending September 30. One analyst says he expects output to continue to increase.
MAG Silver Corp. (MAG:TSX; MAG:NYSE American) has entered into an agreement with Apollo Silver Corp. under which Apollo has the option to acquire MAG's Cinco de Mayo project in the Chihuahua state of Mexico.
MAG Silver Corp.'s (MAG:TSX; MAG:NYSE American) 2024 production guidance increased following H1's outperformance, noted a BMO Capital Markets research note.
MAG Silver Corp. (MAG:TSX; MAG:NYSE American) announces Q2 financial results and increases its full-year guidance for production at its joint venture in Mexico. One analyst says it was an "impressive quarter" for the mine.
MAG Silver Corp. (MAG:TSX; MAG:NYSE American) announced it processed 336,593 tonnes of ore through its Juanicipio joint venture (JV) with Fresnillo Plc. in Mexico in the second quarter, building on its daily milling rates. See how the news affected one analyst's target price for the stock.
Tier 1 Silver producer MAG Silver Corp. (MAG:TSX; MAG:NYSE American) publishes its third annual Sustainability Report. Find out why silver is in demand for the energy transition.
In a play to increase share value, MAG Silver Corp. announced its intention to make a normal course issuer bid (NCIB) to possibly purchase for cancellation up to 10% of the public float. Find out why these analysts recommend the stock.
As MAG Silver Corp. emerges as a producer with its Tier 1 Juanicipio mine in Mexico and output is beating estimates. Find out why at least one analyst thinks more of the fruits from the joint venture could land in investors' pockets.
Q1 2024 sees solid silver production at Juanicipio, with 4.4 million ounces and 9,927 gold ounces reported despite a brief shutdown for maintenance. Read more about how these results are shaping up to meet annual production forecasts.
As if on cue, silver prices began breaking out the week after MAG Silver Corp. released an updated technical report for its new Juanicipio project in Mexico confirming its status as a Tier 1 silver asset. One newsletter writer says the project "will be a real cash cow" for the company.
MAG Silver Corp. releases an updated technical report for its Juanicipio project with an initial mineral resource estimate and an after-tax NPV of US$1.2 billion over an initial 13-year life of mine (LOM). One analyst calls it a "major de-risking milestone" for the stock.
Ron Struthers of Struthers Resource Stock Report compares six silver stocks to the SLV ETF, shares Pan American, a gold producer with many silver lines, and touches on Mag Silver, which he believes is not well known enough.
MAG Silver Corp. released its Q4 2023 and full-year financial results, coming in ahead of several analysts' predictions for adjusted earnings-per-share (EPS) at its Juanicipio plant in Mexico. Analysts said they were looking forward to the company's new technical report expected next week.
Mag Silver's fourth-quarter earnings per share beat the estimates of BMO Capital Markets analyst Kevin O'Halloran, according to a March 19 research note.
MAG Silver Corp. announces preliminary 2024 guidance for its new high-grade Juanicipio mine in Mexico. Find out why one analyst is "impressed" by the performance.
MAG Silver Corp. has announced production totals from the fourth quarter and 2023 for its new Juanicipio mill in Mexico. Find out why one analyst is "impressed" by its performance.
The quarterly operational results overall, all from the firm's joint venture mine in Mexico, were in line with forecasts, noted a BMO Capital Markets report.
The silver price is poised to advance, experts purport, and each of a handful of expected catalysts should spur it higher. Read what they are and about some mining companies that would benefit.
Several industry analysts traveled to Mexico to visit MAG Silver Corp.'s Juanicipio project in Mexico last week. Read on to find out why they found the mine and mill to be a big step for the silver producer.
This payment follows the Mexican silver mining operation transitioning to sole use of its own new processing plant and reaching nameplate production capacity, noted a BMO Capital Markets report.
MAG Silver Corp. releases its third-quarter earnings figures as its new Juanicipio processing plant in Mexico hits production and nameplate capacity, helping the company make the full transition to being a producer.
This is impressive given that ore processing was shifted to entirely the new plant at the Mexico project during the quarter, noted a PI Financial report.
This company's new processing plant at its silver project in Mexico has achieved full capacity. See why one analyst said the company is "our pick for a quality silver name."
MAG Silver Corp. publishes its second annual sustainability report as the silver producer continues to ramp up output at its new processing plant in Mexico. Find out why analysts are recommending this stock.
Now that its processing plant in Mexico is nearing nameplate capacity, BMO Capital Markets reinstated coverage on this company, which it says has "strong cash flows on the way."
With its new Juanicipio processing plant in Mexico moving toward capacity and its production numbers surpassing expectations, MAG Silver Corp. is releasing its second-quarter earnings figures.
This silver company announces the second-quarter production numbers for its new processing plant in Mexico, surpassing the expectations of several analysts.
MAG Silver Corp. reaches what its leaders are calling an "important milestone" in its journey from a developer to a producer with its new plant in Mexico achieving commercial production.
Once nameplate capacity is reached there, expected this year, costs should decrease and cash flow generation should increase, noted a Canaccord Genuity report.
As it continues to ramp up production at its new large-scale processing plant in Mexico, MAG Silver Corp. is reporting first-quarter production total from the flagship project.
As MAG Silver Corp. increases production at its Juanicipio plant in Mexico, the company announced a rise in net income for 2022, but a slight loss in the fourth quarter.
It is now estimated that nameplate capacity production should be achieved at this polymetallic project in Mexico sometime in mid- to late 2023, noted a Canaccord Genuity report.
MAG Silver Corp. releases Phase 2 drilling results from holes at its Deer Trail project in Utah and production totals from its Juanicipio property in Mexico.
Connection of the firm's newly constructed mill there to the area's electrical grid was recently completed, testing was done and commissioning was commenced, noted a ROTH Capital Partners report.
It's valued the world over as a precious metal, and now it's in demand for the green economy. Which element has asset manager Chen Lin looking forward to the New Year?
Despite the increase in cost assumptions for the company's joint venture project in Mexico, this mining company is positioned for "robust cash flow," noted a Stifel report.
At least nine analysts continue to rate MAG Silver Corp. a Buy after positive second-quarter financials, even as it continues to wait for its electricity hookup at its new plant in Mexico.
MAG Silver Corp.'s Juanicipio project continues to deliver silver as the company waits for local officials to give the go-ahead to power up its own plant.
MAG Silver Corp. offers a robust exploration pipeline, in addition to its project in Mexico that is close to reaching commercial production, noted a PI Financial report.
This Canadian junior's processing plant is on track to open mid-year in Mexico. The mine feeding it is already producing and beating analysts' estimates.
This exploration and development company is expanding its opportunities with the acquisition of an Ontario property with three connected, high-grade gold deposits.
With its new processing plant at the Juanicipio project in Mexico, MAG Silver is moving toward being a producer. But its president and CEO says it won't forget its explorer DNA.
Bob Moriarty of 321 Gold explains why he is an investor in Reyna Gold, an explorer with projects in northern Mexico that began publicly trading earlier this month.
MAG Silver Corp. is now engaged in the pre-commissioning phases of its new 4,000 tpd mill at the Juanicipio JV Project in Fresnillo, Mexico that when finished is expected to provide the company with 9,000,000 ounces of pre-payable silver production each year.
MAG Silver Corp.'s Fresnillo joint venture project is on track heading towards annual production of 27 Moz Ag eq. Stifel Canada has issued a "Buy" rating for the company and recently added the company to its list of Top Picks for Q4/21.
Results of MAG Silver's 2020 drill program at its Mexico joint venture project Juanicipio are interpreted in a National Bank of Canada report.read more >
BMO Capital Markets commented in a research report that MAG Silver Corp. remains on-track with the buildout of its advanced material processing plant at its Juanicipio JV project in Zacatecas state, Mexico expected in Q4/21.read more >
CIBC World Markets Inc. stated in a research report that MAG Silver posted solid results from its 2020 110-hole drill program at its Juanicipio JV Project in Fresnillo, Mexico. CIBC commented that when the new 4,000 tpd Juanicipio mill comes online it will provide a key catalyst towards growing throughput processing capabilities and expanding the resource.read more >
Scotiabank stated in a research report that its outlook for MAG Silver Corp. remains positive as the firm is expected to commission a new processing plant at its Juanicipio JV project in Q4/21.
H.C. Wainwright & Co. reiterated its "Buy" recommendation for MAG Silver Corp. based upon the success of the company's FY/20 drill program that used infill and expansion drilling to greatly define surface and underground mineralization.read more >
A National Bank of Canada Financial Services report explains why it considers MAG Silver Corp.'s capex of the Juanicipio project fully funded.read more >
A Scotiabank report recommends MAG Silver "as a near-term emerging producer with projected AISC (all-in sustaining costs) of half those the operating peer group."
read more >
Q1/21 production and processing numbers from MAG Silver and Fresnillo's joint venture project in Mexico are reviewed in a BMO Capital Markets report.read more >
A CIBC World Markets initiation report states that MAG Silver Corp. offers attractive silver exposure as "its metal composition consists of ~56% from silver, which is one of the highest in our coverage universe."read more >
Now, MAG Silver and Fresnillo are targeting mid-2020 for start-up.read more >
Expert Comments:
Cosmos Chiu, CIBC World Markets
(11/12/24)
"In Q3/24, MAG Silver Corp.'s surface drilling totaled 12,661m, testing targets within the Twist, Swansea, Long Conglomerate and Kir Vit zones at the Larder project. Through outcrop stripping programs conducted at the project, the company also identified high-grade gold values in both channel and grab samples."
Kevin O'Halloran, BMO Capital Markets
(11/12/24)
"MAG Silver Corp. reported Q3/24 earnings per share of $0.22, which matched our forecast and compared with consensus at $0.18. . .with ongoing operational strength from Juanicipio, we continue to forecast 2024 production above the top end of guidance."
Joe Reagor, ROTH Capital Partners
(10/24/24)
"We are increasing our price target on MAG Silver Corp. as a result of better than estimated Q3/24 production results. . .production (100% basis) of 4.9 Moz of silver, 10.7 Mlb of lead and 16.8 Mlb of zinc was above our estimates of 4 Moz, 2.9 Mlb and 16.7 Mlb, respectively."
Kevin O'Halloran, BMO Capital Markets
(10/24/24)
"We forecast 2024 silver production at MAG Silver Corp.'s Juanicipio of 18 Moz, exceeding the upper end of the revised [guidance] range. With ongoing operational strength at Juanicipio, we increase our target price."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(10/10/24)
"I am loaded with gold and silver producers as I believe they are very undervalued versus the current gold and silver prices. . .silver producers I own include MAG Silver Corp."
Joe Reagor, ROTH Capital Partners
(10/7/24)
"As a result of our higher gold and silver price forecasts for 2024 and beyond, we are increasing our price target on MAG Silver Corp. . .we are also reiterating our Buy rating as the company continues potential for further upside in its valuation through exploration."
More Expert Comments
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(10/2/24)
"Some miners like MAG Silver Corp. are down nicely. . .the company was down $1 or more, from where I trimmed, yesterday and early this morning. I am happily buying back some shares at lower prices."
Clive Maund, CliveMaund.com
(9/22/24)
"MAG Silver Corp. has a history of remaining in definite trends for a long period of time and advance swiftly and react back slowly. Having broken out of the latest major downtrend, it is in position to advance swiftly again."
Joe Reagor, ROTH Capital Partners
(8/5/24)
"MAG Silver Corp.'s Juanicipio is a world-class mine with operating performance that justifies a premium
valuation compared to its peer group. . .there is potential for the company's joint venture to continue to outperform guidance as it did in H1/24."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(8/5/24)
"In silver, MAG Silver Corp. stands out. The company reported a good Q2/24, strong cash flow, low cash cost."
Kevin O'Halloran, BMO Capital Markets
(8/1/24)
"MAG Silver Corp. reported Q2/24 earnings per share of $0.21, which aligned with our/consensus estimates. . .Juanicipio continued to display its ability to generate strong cash flow."
Kevin O'Halloran, BMO Capital Markets
(7/24/24)
"MAG Silver Corp. reported Q2/24 silver production at Juanicipio of 4.98 Moz, which exceeded our 3.68 Moz forecast by 35%. . .the operation also displayed quarter-over-quarter improvements in throughput and recovery, rounding out an impressive quarter at Juanicipio."
Joe Reagor, ROTH Capital Partners
(7/24/24)
"Production at MAG Silver Corp.'s Juanicipio was better than expected overall, which we attribute to higher grades and recoveries compared to our expectations. . .management announced an increase in its FY24 silver head grade guidance. As a result of these factors, we are increasing our price target."
Madhurima Das, Zacks Investment Research
(6/21/24)
"The prospects for the Zacks Mining-Silver industry look promising on the back of rising silver prices. . .we suggest keeping tabs on MAG Silver Corp., which is poised to benefit from solid projects, improved operational efficiency and disciplined cost management."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(6/20/24)
"I added MAG Silver Corp. as I feel silver miners were down big recently and it is a good time to add on weaknesses. . .most silver miners are cheap after the recent pullback."
Ventum Capital Markets
(5/28/24)
"Today's price strength is feeding directly to a stronger bottom line. Additionally, currencies of several mining-heavy countries, such as Australia, Brazil and Canada, have remained weak, contrary to past cycles, further enhancing margins. . .as a result, we expect cash returns to shareholders with companies like MAG Silver Corp. to potentially increase."
Joe Reagor, ROTH Capital Partners
(5/14/24)
"MAG Silver Corp. received $17.5M in cash from the Juanicipio joint venture during Q1/24. We view this as a significant development. . .we believe cash distributions are likely to increase in the quarters ahead, allowing the company to consider paying a dividend by year-end 2024."
Kevin O'Halloran, BMO Capital Markets
(5/14/24)
"MAG Silver Corp.'s Q1/24 earnings per share of $0.14 was ahead of BMO/consensus estimates of $0.13/$0.10. . .the company reported strong operating costs at Juanicipio. . .the mine continued to generate strong cash flows, with $28M of free cash flow."
Chris Thompson, Ventum Capital Markets
(5/3/24)
"We have increased our target price for MAG Silver Corp. to reflect an increased valuation multiple prompted by recent precious metal price strength. . .the company offer investors exposure to high-margin, long mine life silver, gold, lead and zinc production."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(4/26/24)
"MAG Silver Corp. released a good quarter, and shares jumped."
Joe Reagor, ROTH Capital Partners
(4/24/24)
"MAG Silver Corp. announced Q1/24 production results for the Juanicipio joint venture; production was in line with our overall expectations. Additionally, the mill showed improved recovery rates compared to the previous quarter; thus, we are reiterating our Buy rating."
Kevin O'Halloran, BMO Capital Markets
(4/24/24)
"MAG Silver Corp.'s 44%-owned Juanicipio mine produced 6.4 Moz Ag eq in Q1/24, beating our 6 Moz estimate by 7%. Silver production of 4.45 Moz beat our 3.77 Moz estimate, achieving about 30% of the midpoint of 2024 silver guidance (14.3−15.8Moz), which was driven by higher grades."
Investor News
(4/9/24)
"MAG Silver Corp. is a Canadian exploration company focused on advancing high-grade precious metals projects in the Americas. Its joint venture interest in the Juanicipio mine in Mexico positions it as a top-tier primary silver mining company."
Byron King from Jim Rickards' Strategic Intelligence
(4/4/24)
"Silver is moving, and I suspect it will do a slingshot to catch up with gold in terms of relative value, metal for metal. . .own silver producers like MAG Silver Corp. . .by every indication, the metal is moving, so you should buy a ticket and get on the train."
Ron Struthers, Struthers Resource Stock Report
(4/3/24)
"MAG Silver Corp.'s Juanicipio mine is high grade at 472 g/t silver and low cost at $9.18/oz all-in sustaining cost so will be a real cash cow for the company now that it is in production. A mine does not get much better than this one, and I don't think the stock is reflecting this fact."
Cosmos Chiu, CIBC World Markets
(3/31/24)
"Looking back, 2023 was certainly a milestone year for MAG Silver Corp.'s Juanicipio, with the operation achieving commercial production on June 1 and reaching nameplate of 4 Ktpd in Q3. . .while the asset will continue to generate robust cash flows. . .we would expect investors to also focus on the strategic direction of the company beyond Juanicipio."
Mining.com
(3/28/24)
"Shares of MAG Silver Corp. rose on Thursday following the release of a new mineral resource estimate for the Juanicipio silver-gold-zinc-lead mine. . .compared to the 2017 preliminary economic assessment, the updated report indicates a 33% growth in Measured and Indicated resources, reaching 17 Mt at grades of 310 g/t silver, 1.86 g/t gold, 2.89% lead and 5.32% zinc."
Kevin O'Halloran, BMO Capital Markets
(3/27/24)
"The results of a pre-feasibility study for MAG Silver Corp.'s 44%-owned Juanicipio mine outlined better unit costs than our forecast and increased mineral resources while establishing an initial reserve of 312 Moz Ag eq. . .we view this as a positive update that removes uncertainty from the market and in our view sets up the company's shares to rerate."
Joe Reagor, ROTH Capital Partners
(3/27/24)
"We continue to believe MAG Silver Corp. is undervalued by the market. Additionally, we continue to believe the market significantly undervalues the potential for new discoveries on the Juanicipio project."
Joe Reagor, ROTH Capital Partners
(3/20/24)
"MAG Silver Corp.'s Q4/23 results were somewhat better than expected. . .Q4/23 earnings per share of $0.15 was somewhat above our estimate of $0.12 due to a larger-than-anticipated gain on the company's joint venture investment."
Craig Hutchison, TD Cowen
(3/19/24)
"MAG Silver Corp.'s Juanicipio generated $62M of free cash flow in Q4/23, or $27.3M to MAG on an attributable basis (44%), which was above our estimate of $53.4M ($23.5M MAG). . .the company ended 2023 in a strong financial position, with working capital of $67.3M, including cash of $69M, up from $58.5M at Q3/23E."
Don DeMarco, National Bank of Canada
(3/19/24)
"The 2023 surface drilling program at MAG Silver Corp.'s Juanicipio has concluded, results pending. Deer Trail phase three, 1,609m were drilled at high elevation in Q4/23 with results pending."
Ovais Habib, Scotiabank
(3/19/24)
"Late in Q4/23, MAG Silver Corp., through its Gatling Exploration subsidiary, entered into an asset purchase agreement with Goldstake Explorations and Transpacific Resources, whereby Gatling Exploration Inc. would purchase 100% ownership of the Goldstake property for consideration of CA$5M. Necessary approvals from the ministry and shareholders have been received, and the transaction is expected to close in Q2/24."
Kevin O'Halloran, BMO Capital Markets
(3/19/24)
"MAG Silver Corp.'s Juanicipio returned $18.8M (interest and principal) to the company in Q4/23 following $11.3M of repayments to MAG in Q3/24. . .2024 preliminary guidance of 4 Ktpd nameplate capacity with an effective utilization of 91% was provided on March 5."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(3/12/24)
"MAG is one of my top silver holdings."
Joe Reagor, ROTH Capital Partners
(3/6/24)
"We believe an updated technical report is likely to be the next significant catalyst for MAG Silver Corp. The company noted that it still intends to release an updated technical report by Q1/24E."
Kevin O'Halloran, BMO Capital Markets
(2/27/24)
"MAG Silver Corp.'s goal to build a cash balance to fund exploration at its other projects, which include Larder and Deer Trail in Ontario and Utah, respectively. . .Deer Trail could host both a carbonate replacement deposit and a copper porphyry while the Larder project is within the Abitibi greenstone belt and drilling is underway."
Kevin O'Halloran, BMO Capital Markets
(1/24/24)
"MAG Silver Corp. reported Q4/24 production from its 44%-owned Juanicipio mine of 4.5 Moz silver and 10.6 Koz gold (100% basis) or 2 Moz and 4.7 Koz attributable. . .silver and gold grades modestly exceeded our expectations."
Chris Thompson, PI Financial
(1/24/24)
"We remain impressed by the operating performance of MAG Silver Corp.'s Juanicipio which has delivered two consecutive quarters of beating/meeting our Ag eq production expectations. Also, we note that higher than anticipated head grades across all metals (Ag, Au, Pb and Zn) are comparable with our head grade expectations for this year."
Joe Reagor, ROTH Capital Partners
(1/22/24)
"On a 100% basis, MAG Silver Corp.'s Juanicipio joint venture produced 4.5 Moz silver, 10,591 oz gold, 9.2 Mlb lead and 15.1 Mlb zinc in Q4/24. . .throughput was above expectations, and production continues to grow."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(12/7/23)
"One of the silver miners I like is MAG Silver Corp. . .if gold continues to hit new highs, silver should too."
SADIF Investment Analytics
(11/27/23)
"MAG Silver Corp.'s likelihood to outperform the market, as measured by the Outperformance StockMark, is well above average with a rating of 93/100. . .we believe the company to be an above average long-term investment."
Stephen Soock, Stifel
(11/27/23)
"MAG Silver Corp.'s Juanicipio mine shows extremely well, with impressive ramp and underground maintenance shop infrastructure showing Fresnillo has set it up to be a generational asset. . .the mine infrastructure is of a caliber we have not seen before anywhere else."
Kevin O'Halloran, BMO Capital Markets
(11/27/23)
"The site visit to MAG Silver Corp.'s Juanicipio highlighted the impressive infrastructure at the mine, which has clearly been built for a long and productive mine life. . .at the plant, room has been left for potential future expansion, including a possible copper recovery circuit for later in the mine life."
Craig Hutchison, TD Cowen
(11/23/23)
"On Nov. 22, we attended an analyst site visit of MAG Silver Corp. (44%) and Fresnillo's (56%) Juanicipio mine. . .overall, we came away with a positive view of the asset and the ongoing optimization work to achieve full design operating rates."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(11/17/23)
"I have been overweighting silver companies with good balance sheets and cash flow; one of my favorites is MAG."
Cosmos Chiu, CIBC World Markets
(11/13/23)
"Infill drilling at MAG Silver Corp.'s Juanicipio continued in Q3/23, with the goal of upgrading and expanding the Valdecañas vein system at depth and further defining areas to be mined in the near to midterm. During Q3/23, 3.35m (year to date [YTD] 13.3m) and 4.87m (YTD 15.3m) were drilled from surface and underground, respectively."
Joe Reagor, ROTH Capital Partners
(11/13/23)
"We believe MAG Silver Corp. remains significantly undervalued by the market. . .we are reiterating our Buy rating."
Kevin O'Halloran, BMO Capital Markets
(11/10/23)
"Juanicipio began returning cash to MAG Silver Corp. and Fresnillo during Q3/23, with $11.3M of loan repayments (principal and interest) to MAG. We expect capital returns from the joint venture to accelerate in the coming quarters."
Chris Thompson, PI Financial
(11/10/23)
"Following the announcement of commercial production at MAG Silver Corp.'s 44%-owned Juanicipio mine in Mexico at the end of Q2/23 we are impressed with consecutive quarters of strong operating results from the project. . .the company ended Q3/23 with cash and cash equivalents of about $59M."
Joe Reagor, ROTH Capital Partners
(10/26/23)
"MAG Silver Corp.'s Juanicipio mill reached its targeted production rate of 4 Ktpd in September 2023. We view this as a major milestone for the joint venture and MAG."
Chris Thompson, PI Financial
(10/25/23)
"Following the announcement of commercial production at MAG Silver Corp.'s 44%-owned Juanicipio mine in Mexico at Q2/23E, we are impressed with the delivery of Q3/23 operating results. . .the company delivered Q3/23 production of 4.782 Moz Ag, significantly ahead of our expectation at 4.159 Moz Ag."
Kevin O'Halloran, BMO Capital Markets
(10/25/23)
"MAG Silver Corp.'s Juanicipio processing plant reached nameplate 4 Ktpd capacity during September, meeting management guidance of achieving nameplate by Q3/23E. Now that the plant has ramped up, the focus will be on optimization."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(10/13/23)
"MAG Silver Corp. is an excellent low-cost silver buy during this year's tax loss season."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(9/29/23)
"MAG Silver Corp. will be generating free cash flow."
Chris Thompson, PI Financial
(9/11/23)
"MAG Silver Corp. posted strong Q2/23 production results, confirming Juanicipio's value potential. . .we anticipate cost and production guidance in Q1/24, which we see providing a better grasp of Juanicipio's near-term economics."
Chris Thompson, PI Financial
(9/5/23)
"We remain impressed by the exploration potential offered at MAG Silver Corp.'s Deer Trail and in the company's systematic approach to unlocking that potential. We note that phase three drilling is underway, targeting an inferred intrusive porphyry center at Deer Trail."
Peter Krauth, MoneyShow
(9/4/23)
"MAG Silver Corp. is one name I like that has had some more exploration success at Deer Trail, Utah. . .three new zones discovered from stepouts help confirm the hub-and-spoke thesis at Deer Trail thanks to different mineralization styles. Phase 3 drilling is in progress to chase the porphyry center."
Joe Reagor, ROTH Capital Partners
(8/9/23)
"We continue to believe that MAG Silver Corp. is in the early stages of a rerating as a significant silver producer. Thus, we are maintaining our Buy rating."
Cosmos Chiu, CIBC World Markets
(8/8/23)
"MAG Silver Corp. reported Q2/23 earnings per share of $0.19, slightly ahead of consensus at $0.17 and our estimate of $0.16, on the back of lower tax expenses. . .the company ended Q2/23 with a solid cash balance of $52.6M and no long-term debt."
Chris Thompson, PI Financial
(8/3/23)
"We view today's drill results from MAG Silver Corp. as positive, closing the loop on phase two drilling at Deer Trail. Drilling continues to identify long widths of polymetallic Ag-Au-Cu-Pb-Zn mineralization, adding three new zones to the Carissa zone discovery."
Stephen Soock, Stifel
(8/3/23)
"With MAG Silver Corp.'s 44%-owned Juanicipio plant now rapidly advancing towards achieving the 4,000 nameplate capacity, exploration and drilling activities at its 100%-owned properties will be a driver for further growth. Today's drill results from Deer Trail highlight extensive, high grade, polymetallic mineralization at depth, and we remain optimistic about the prospects of the company defining multiple high-grade carbonate replacement deposits on the property through its science-based approach to exploration."
Lucas Pamatat, Canaccord Genuity
(7/26/23)
"MAG Silver Corp.'s Q2/23 production results significantly exceeded our estimates, driven by higher mill throughput (up about 70% quarter over quarter) and higher mill feed grades. Ramp-up of the Juanicipio mill is progressing well."
Chris Thompson, PI Financial
(7/26/23)
"We are impressed with MAG Silver Corp.'s delivery of Q2/23 operating results significantly ahead of our conservative expectations. . .we are also impressed by the advanced speed of ramp-up at Juanicipio."
Ben Pirie, Atrium Research
(7/4/23)
"MAG Silver Corp. announced that it has achieved commercial production at Juanicipio on June 1, 2023. The Juanicipio mill is operating at 85% of its 4 Ktpd capacity."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(6/29/23)
"MAG is a high-grade silver play with a good balance sheet."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(6/20/23)
"MAG Silver Corp. is a high-quality silver play. I am picking up shares."
Chris Thompson, PI Financial
(6/5/23)
"MAG Silver Corp. has announced commercial production at its 44%-owned Juanicipio mine. . .we are encouraged by the company's ability to achieve commercial production ahead of expectations, with nameplate capacity of 4 Ktpd now anticipated in Q3/23, ahead of our Q4/23 assumption."
SADIF Investment Analytics
(5/31/23)
"MAG Silver Corp. has strong financials and reasonable corporate governance. In terms of risk, the company is safe. . .overall, we expect MAG to be an average long-term investment that is prone to perform long term."
Michael Fairbairn, Canaccord Genuity
(5/10/23)
"MAG Silver Corp. finished Q1/23 with no debt and a cash balance of $54.6M (excluding any attributable cash from the Juanicipio joint venture). . .with the plant now in the commissioning and ramp-up phase, management expects final project capital costs to wind down and associated free cash flow generation to increase as Juanicipio approaches nameplate capacity of about 4 Ktpd (mid- to late 2023)."
Chris Thompson, PI Financial
(4/26/23)
"MAG Silver Corp.'s Q1/23 production was generally in line with expectations. We are encouraged with extended periods of elevated processing rates (3.9 Ktpd). . .Juanicipio produced 2.25 Moz Ag and 6 Koz Au, in line with our estimates of about 2.4 Moz Ag and beating our Au estimate of 5 Koz (on a 100% basis)."
SADIF Investment Analytics
(3/31/23)
"MAG Silver Corp.'s stock has been upgraded to Above Average from Average. . .we expect the company to be an above average, long-term investment that is likely to deliver long-term returns."
Cosmos Chiu, CIBC World Markets
(3/27/23)
"At MAG Silver Corp.'s joint venture project Juanicipio, first lead concentrate was produced during March 2023, and the mill is expected to deliver its first commercial shipment of concentrate in the coming weeks. The operator, Fresnillo, now expects the Juanicipio processing plant to ramp up to nameplate capacity of 4 Ktpd in mid- to late 2023."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(3/10/23)
"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."
Heiko Ihle, H.C. Wainwright & Co.
(2/7/23)
"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
(2/3/23)
"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."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(2/1/23)
"I am immediately buying back one of my favorites, MAG Silver Corp. I sold a lot at YE22 at $16– 17. . .this week I am buying it back in the $13.5 area, after the $14.65 bought deal last week!"
Michael Fairbairn, Canaccord Genuity
(1/25/23)
"The key driver for MAG Silver Corp. remains the Juanicipio plant's ramp to 4 Ktpd by mid- to late 2023. . .our estimates forecast [production of] 3.8 Ktpd in Q3/23 and 4 Ktpd in Q4/23."
Chris Thompson, PI Financial
(1/25/23)
"In Q4/22 MAG Silver Corp.'s Juanicipio produced 1.8 Moz Ag and 5.4 Koz Au. . .MAG's 44% share totaled about 0.8 Moz Ag. . .we anticipate a gradual quarter-over-quarter ramp this year and an annual production of about 23.7 Moz Ag eq (i.e.,) double 2022's production."
Chris Thompson, PI Financial
(1/17/23)
"MAG Silver Corp. released results from phase two drilling, six holes, from the Deer Trail project. . .we view today's results as technically significant for a number of reasons but specifically, the identification of long widths of polymetallic Ag-Au-Cu-Pb-Zn mineralization manifesting themselves as potential feeder structures."
Jefferson Research
(1/12/23)
"MAG Silver Corp. is showing strong operating efficiency and balance sheet quality. . .the ability of the company to earn a profit is in part the result of how rapidly it converts its collection of assets into revenues and the resulting percentage available in earnings and cash flow after expenses have been paid. . .the balance sheet shows the ability of MAG Silver to pay its bills and fund future growth."
Capital Cube
(1/5/23)
"MAG Silver Corp. has current assets of $44.12M. . .the company has enough money to finance their operations for a year and do not need to raise capital in the immediate future. MAG has a strong working capital position."
Joe Reagor, ROTH Capital Partners
(12/29/22)
"The tie-in of MAG Silver Corp. and joint venture partner Fresnillo's Juanicipio mill was complete with all additional testing completed as well. With the mill now fully energized, commissioning has begun, and Fresnillo has guided to achieving nameplate capacity by Q2/23. . .we see the beginning of mill commissioning as a significant milestone for MAG."
Chen Lin, What Is Chen Buying? What Is Chen Selling?
(12/29/22)
"MAG Silver Corp. has been a great performer in the past years, and it just announced electricity was connected at the mill."
Ryan Thompson, BMO Capital Markets
(12/23/22)
"MAG Silver Corp. has set a strong environmental, social and governance tone, led by the company's chief sustainability officer and several board of directors committees. . .key items which we we're encouraged by include MAG's preference for local hiring, diversity targets and tracking of greenhouse gas emissions to align with the Task Force on Climate-related Financial Disclosures standards."
Jefferson Research
(12/15/22)
"MAG Silver Corp. is showing strong operating efficiency. . .the balance sheet rating for the company strengthened from weak to strong in Q3/22."
Experts Following This Company
Cosmos Chiu, Executive Director of Precious Metals Equity Research– CIBC World Markets
10/23/2024 – MAG Announces Third Quarter 2024 Production from Juanicipio
4/20/2023 – Juanicipio Ships First Commercial Concentrates
Important Disclosures
MAG Silver Corp. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases.
The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content.
Billboard advertising monthly fees range from $3,000 to $5,000.
This landing page contains a summary of the company that was prepared by that company.
Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company.
The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports.
There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page.
Readers should conduct their own research for all information publicly available concerning the company.
This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.
Streetwise Company Fact Sheet
