Mag Silver Corp

MAG

Equity

ISIN null / Valor 1596180

Toronto Stock Exchange (2025-09-05)

CAD 34.38+2.90%

Mag Silver Corp
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Mag Silver Corp is a Canadian mining company focused on the exploration and development of high-grade silver projects in Mexico.

Summarized from source with an LLMView SourceSector: Energy

Net Income and EBITDA

For Q3 2024, Mag Silver Corp. achieved a net income of $22.3 million ($0.22 per share) and an adjusted EBITDA of $55.7 million, primarily driven by income from the Juanicipio project totaling $25.6 million.

Production and Ore Processing

The company processed 332,290 tonnes of ore at Juanicipio with a silver head grade of 481 g/t (equivalent silver head grade of 735 g/t), resulting in the production of 4.9 million ounces of silver and 7.1 million equivalent silver ounces.

Cash Flow and Cost Management

Juanicipio generated strong operating cash flow of $109.8 million and free cash flow of $96.9 million. The project maintained negative cash costs of $0.12 per silver ounce sold and an all-in sustaining cost of $3.28 per ounce, highlighting efficient cost control.

Cash Position and Loan Repayments

Mag Silver Corp. returned $22.6 million in interest and loan principal repayments, enhancing its cash position to $113.5 million at the end of Q3 2024.

Corporate Developments

The company published its 2023 sustainability report and entered into an exploration agreement with Apollo Silver Corp., positioning itself for future growth and exploration opportunities.

Summarized from source with an LLMView Source

Key figures

109%1Y

125%3Y

67.1%5Y

Performance

44.4%1Y

43.3%3Y

48.4%5Y

Volatility