MAG Stock Recent News
MAG LATEST HEADLINES
MAG Silver (MAG) reports solid improvement in both its top and bottom lines on the back of an increase in metal sales volumes and realized metal prices.
MAG Silver (MAG) expects the silver head grade at Juanicipio between 380 g/t and 420 g/t for 2024.
MAG Silver's (MAG) Juanicipio project processed 1.27 million tons of mineralized material in 2023, ahead of expectations.
(Kitco News) - The silver price is range-bound at around $23 an ounce, but that doesn't dissuade George Paspalas, president and CEO of MAG Silver (TSX:MAG).
With silver prices gaining lately and the demand for the metal remaining strong, the near-term prospects of the Zacks Mining - Silver industry look upbeat. Stocks like MAG, EXK and ASM are likely to gain from solid growth projects, efforts to improve operational efficiency and lower costs.
MAG Silver has recently declared commercial production at Juanicipio, slightly ahead of schedule. The stock price has, however, done very poorly and has underperformed the price of silver despite the positive developments with Juanicipio. This has led to an excellent valuation, where MAG Silver looks to be trading with a projected double-digit free cash flow yield.
MAG Silver's (MAG) joint venture with Fresnillo, Juanicipio, enters commercial production.
(Kitco News) - MAG Silver said that on a 100% basis, approximately 3.2 million ounces of silver have been produced from the Juanicipio processing facility from March 2023 to the end of May 2023.
MAG Silver (MAG) first-quarter earnings miss estimates, net income improves y/y.
Thanks to the myriad economic dynamics stemming from the post-pandemic new normal, astute market participants are seeking various methods on investing in silver. Fundamentally, silver represents one of the most valuable industrial assets.