MAG:TSX; MAG:NYSE.MKT

MAG Silver Corp.

MAG Silver Corp. (MAG: TSX / NYSE A) 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.
MAG:TSX MAG:NYSE.MKT

Expert Comments:

This decision comes after several years of ongoing exploration and development at the site.
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The current key points concerning the project are summarized in a Macquarie Research report.
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Tara Hassan, Raymond James

(4/11/19)
"Today's news that MAG Silver Corp. and Fresnillo's Juanicipio project has been formally approved by the joint venture is a positive catalyst. . .with the stage now set for full construction at the high-grade silver project to commence and MAG Silver Corp. well funded for its portion of the capital costs, we continue to believe the company is positioned to attract a market rerating as its flagship project transitions to production."

Chris Thompson, PI Financial

(4/11/19)
"The MAG Silver Corp. and Fresnillo joint venture is now anticipating construction completion of Juanicipio in late 2020. . .we anticipate MAG Silver will be fully financed to production, due in part to lower per-meter development expenses seen to date and Fresnillo's ability to leverage economies of scale when negotiating engineering, procurement and construction management and construction contracts."

Ryan Thompson, BMO Capital Markets

(4/11/19)
"We view the MAG Silver Corp. and Fresnillo joint venture approval of Juanicipio as positive. In our view, the approval will likely not surprise many given the large amount of underground development that has already taken place, but it should remove any doubt that may have still been in the market."

headshot of Joe Reagor

Joe Reagor, ROTH Capital Partners

(4/11/19)
"On April 11, 2019, MAG Silver Corp. announced that the boards of Fresnillo and MAG had approved the development of the Juanicipio project. While we believe this was simply a formality at this stage, we also believe the approval will open the door for additional disclosure on the timeline to production in the coming quarters."

A project update and the company's full-year 2018 financials were reviewed in an H.C. Wainwright & Co. report.
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The company's main focus currently is a joint venture project in Mexico's Fresnillo Trend, where both development and exploration are ongoing.
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headshot of Michael Gray

Michael Gray, Macquarie Capital Markets

(4/4/19)
"The next step for Juanicipio is for MAG Silver Corp. and Fresnillo's boards to approve a construction decision and formal project development (based on the feasibility study). . .guidance by Fresnillo is for commercial production in H2/20. On exploration, there are five drills on site plus another underground rig expected soon."

headshot of Heiko Ihle

Heiko Ihle, H.C. Wainwright & Co.

(4/2/19)
"We highlight that over 18.5 km of underground development at MAG Silver Corp.'s Juanicipio are now completed. . .development is focused on advancing three internal spiral footwall ramps along the full strike length of the Valdecaņas vein system, constructing the underground crushing chamber, advancing the conveyor ramp to the mill site and integrating other underground infrastructure."

A Macquarie report discussed a handful of highlights from management's presentation.
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A Canaccord Genuity report reviewed and discussed these drill results and their implications.
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These geologic formations open new areas for exploration on the property.
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More Expert Comments

Experts Following This Company

headshot of Michael Gray
Michael Gray, Analyst – Macquarie Capital Markets
Tara Hassan, Analyst – Raymond James
headshot of Heiko Ihle
Heiko Ihle, Managing Director – H.C. Wainwright & Co., Rodman & Renshaw
Kevin MacKenzie, Analyst – PI Financial
headshot of Bhakti Pavani
Bhakti Pavani – Alliance Global Partners
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Chris Thompson, Mining Analyst – PI Financial
Ryan Thompson – BMO Capital Markets
Trevor Turnbull, Analyst – Scotia Capital Inc.

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

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