MAG Silver Corp. - MAG STOCK NEWS

Welcome to our dedicated page for MAG Silver news (Ticker: MAG), a resource for investors and traders seeking the latest updates and insights on MAG Silver stock.

MAG Silver Corp. (MAG) is a prominent Canadian mining company dedicated to advancing high-grade, district-scale precious metals projects primarily within the Mexican Silver Belt. With a mission to become a leading entity in the silver mining industry, MAG Silver focuses on exploration and development activities across its 100% owned properties in Mexico, including significant silver, lead, zinc, molybdenum, and gold discoveries.

The company's flagship asset is the Juanicipio Mine located in Zacatecas, Mexico. This mine, which is 44% owned by MAG Silver and 56% by Fresnillo plc, has achieved commercial production, processing around 4,000 tonnes of ore per day. The mine generates revenue from the sale of silver, gold, lead, and zinc concentrates.

MAG Silver's Cinco de Mayo property in Chihuahua State has also shown promising results with discoveries of silver, lead, zinc, and molybdenum-gold. Additionally, the company is actively engaged in exploration programs at the Deer Trail Project in Utah and holds interests in the Larder project.

Recent news highlights include MAG Silver's preliminary 2024 guidance for the Juanicipio Mine, which supports an initial 13-year life of mine plan. The company also reported significant improvements in operating cash costs and an increase in production, reflecting a robust financial position.

MAG Silver is committed to responsible mining practices and sustainability, with detailed reconciliations of financial metrics available in their latest reports. The company's strategic partnerships and ongoing exploration efforts underscore its potential for growth and value creation in the precious metals sector.

12/21/2023 05:23 PM

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MAG Announces the Appointment of Tom Peregoodoff to the Board of Directors as Part of Planned Board Succession

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MAG Silver Corp. (MAG) appoints Tom Peregoodoff to the Board of Directors, effective January 1, 2024, filling a vacancy created by the planned resignation of Dan MacInnis in June 2024. Tom brings over 30 years of industry knowledge and leadership, specializing in exploration geology, with extensive experience in the global mining business. He holds a BSc. in Geophysics and is currently the President, CEO, and director of Apollo Silver Corporation. Prior to Apollo, he was President and CEO of Peregrine Diamonds Ltd. and spent 18 years in various positions with BHP, culminating in his role as Vice President of Early Stage Exploration.

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11/10/2023 07:00 AM

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MAG Silver Reports Third Quarter Financial Results

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MAG Silver Corp. (MAG) announces unaudited financial results for the three months ended September 30, 2023. Key highlights include successful commissioning of the Juanicipio processing facility, robust cost performance, strong operating cash flow, and free cash flow. Juanicipio achieved nameplate capacity with silver recovery consistently above 88%. MAG reported net income of $8,862 and Adjusted EBITDA of $29,920.

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10/25/2023 06:50 AM

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MAG Announces Third Quarter Production From Juanicipio

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MAG Silver Corp. reports production from Juanicipio for Q3 2023, reaching target milling rate of 4,000 tpd in September. Transition to independent producer reduces reliance on nearby plants. Preliminary production estimates: 4.8M silver ounces and 9,444 gold ounces. Comprehensive financial and operational results to be released on November 10, 2023.

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09/18/2023 06:50 AM

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MAG Silver Publishes Second Annual Sustainability Report

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MAG Silver Corp. publishes second annual Sustainability Report, highlighting zero fatalities and zero significant environmental incidents at its projects. Lost Time Injury Frequency Rate at Juanicipio Project is 1.92. 66% of workforce hired locally. 38% of Board directors are female.

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08/07/2023 08:20 PM

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MAG Silver Reports Second Quarter Financial Results

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MAG Silver Corp. announces unaudited financial results for Q2 2023. Concentrate production at Juanicipio mine is operating at 85% of design capacity, with silver recovery above 88%. Net income for Q2 2023 is $19,390, compared to $7,562 in Q2 2022. Infill drilling at Juanicipio continues, and exploration projects in Utah and Ontario show promising results.

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08/03/2023 06:50 AM

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MAG Silver Drills Three New Silver, Gold and Copper Zones at Deer Trail

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MAG Silver Corp. reports results from the final three holes completed in surface-based Phase 2 drilling on its Deer Trail Carbonate Replacement Deposit Project. The holes cut high-grade Gold, Copper-Gold, and Silver-Gold-Copper-Lead-Zinc mineralization, adding four new mineralization stages and three new mineralization pathways to the Deer Trail system. The results support Phase 3 drilling to seek a porphyry center.

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07/26/2023 06:50 AM

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MAG Announces Second Quarter Production From Juanicipio

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06/27/2023 06:50 AM

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MAG Reports AGSM Results

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06/05/2023 05:00 AM

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Juanicipio Achieves Commercial Production

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05/10/2023 06:50 AM

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MAG Silver Reports First Quarter Financial Results

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FAQ

What is the current stock price of MAG Silver (MAG)?

The current stock price of MAG Silver (MAG) is $15.25 as of January 29, 2025.

What is the market cap of MAG Silver (MAG)?

The market cap of MAG Silver (MAG) is approximately 1.6B.

What is MAG Silver Corp.?

MAG Silver Corp. is a Canadian mining company focused on high-grade, district-scale precious metals projects primarily in Mexico.

Where is MAG Silver Corp.'s principal asset located?

MAG Silver's principal asset is the Juanicipio Mine in Zacatecas, Mexico, which is jointly owned with Fresnillo plc.

What does MAG Silver Corp. produce?

MAG Silver produces silver, gold, lead, and zinc from its mining operations, particularly from the Juanicipio Mine.

What are the recent achievements of MAG Silver Corp.?

Recent achievements include the 2024 guidance for the Juanicipio Mine, improved operating cash costs, and significant production increases.

What exploration projects is MAG Silver currently engaged in?

MAG Silver is involved in exploration at the Cinco de Mayo property in Chihuahua, the Deer Trail Project in Utah, and holds interests in the Larder project.

How much of the Juanicipio Mine does MAG Silver own?

MAG Silver owns 44% of the Juanicipio Mine, with the remaining 56% owned by Fresnillo plc.

What is MAG Silver's mission?

MAG Silver's mission is to become one of the premier companies in the silver mining industry by advancing high-grade, district-scale projects.

What are MAG Silver's commitments regarding sustainability?

MAG Silver is committed to responsible mining practices and sustainability, with detailed reports available on their financial and environmental performance.