MAG Silver Corp.

MAG Silver Corp. 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:

Chris Thompson, PI Financial

"MAG Silver Corp. reported Q1/22 production generally in line with our estimates. . .Juanicipio produced 2.4 Moz Ag and 5.8 Koz Au, slightly ahead of our estimates of 2.3 Moz Ag and 5.2 Koz Au (on a 100% basis). . .both throughput and grades were ahead of our estimates."

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Chris Thompson, PI Financial

"We continue to see potential for a doubling of plant capacity at MAG Silver Corp.'s Juanicipio, given the scale of the deposit defined outside of current reserves. We now model an expansion to 8 Ktpd occurring in five years' time (2027E). . .we still see the company offering a modest about 3% free cash flow yield for 2022E."

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Peter Krauth, Gold Resource Investor

"MAG Silver Corp. reported Q4/22 production at Juanicipio: 113,950 tons of mineralized material were processed, representing about 45% of all material processed for 2021. The company's 44% share of production was 718,080 oz silver and 1,754 oz gold. . .MAG is oversold and attractive at current levels."

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Ryan Thompson, BMO Capital Markets

"Q4/21 was the strongest production quarter on record since MAG Silver Corp.'s Juanicipio operation began sending ore to the Fresnillo plant six quarters ago. On a 100% basis, the operation produced 1.6 Moz silver (718 Koz attributable to MAG), higher than our estimate of 1.1 Moz (100% basis). . .material processed in Q4/21 represented 45% of annual production."

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

"MAG Silver Corp. is trading back to the $14–15 area; that is the area where there was strong support recently. Personally, I believe it is a good area to accumulate some shares, if you like silver."

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

"MAG Silver Corp. had some delays in mill commissioning; I don't like the delay, but they can still process the material in the nearby mill. I used the opportunity to add some positions."

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
Richard Gray, Analyst – Cormark Securities
Craig Hutchison, Analyst – TD Securities
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Heiko Ihle, Managing Director – Rodman & Renshaw
headshot of Peter Krauth
Peter Krauth, Pres – Gold Resource Investor
headshot of Chen Lin
Chen Lin What Is Chen Buying? What Is Chen Selling?
Brian MacArthur, Analyst – Raymond James
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Anita Soni, Analyst – CIBC World Markets
Stephen Soock – Stifel
Chris Thompson, Mining Analyst – PI Financial
Chris Thompson, Analyst – eResearch
Ryan Thompson – BMO Capital Markets
Trevor Turnbull, Analyst – Scotia Capital Inc.

Company News 

3/28/2022 – MAG Silver Announces Senior Management Change

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

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