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    MAG   CA55903Q1046

MAG SILVER CORP.

(MAG)
  Report
Delayed Toronto Stock Exchange  -  03:21 2022-12-07 pm EST
21.70 CAD   +5.24%
11/22Fresnillo hails successful further testing at Juanicipio in Mexico
AN
11/18National Bank Reiterates MAG Silver's Outperform Rating, $24.50 Price Target
MT
11/15MAG Silver Keeps Buy Rating at Stifel GMP Following Q3 Results; Price Target Trimmed to C$28.25
MT
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MAG Silver Corp. Provides Juanicipio Commissioning Update

09/13/2022 | 06:50am EST

MAG Silver Corp. reported that it has received communication from Fresnillo Plc (“Fresnillo”), the operator of the Juanicipio Project, that all construction activities related to final tie-in to the electrical grid have been completed and all systems are ready to be energized. Prior to making the final tie-in to the electrical grid, as a precautionary measure to ensure uninterrupted service to the surrounding area, the state-owned electricity regulator, CFE (Comisión Federal de Electricidad), have requested additional testing to verify compatibility between new and updated substation equipment installed by Juanicipio and existing older CFE infrastructure.

Specialized start-up protocols and operations controls may also need to be implemented during initial mill start-up to prevent local power fluctuations. The Fresnillo project team indicates that power for final commissioning and start of operations should be available by the end of October, and that production ramp up will commence in Fourth Quarter of this year. Fresnillo further advise that stoping, underground development and material stockpiling at Juanicipio will continue uninterrupted with Fresnillo continuing to make available unused plant capacity at its Saucito and Fresnillo operations.

MAG remains in a strong financial position with $45 million in cash at June 30, 2022 and appreciable cash accumulation in Juanicipio with $38 million at June 30, 2022. The Juanicipio Project continues to deliver strong operating performance with over 1 million payable ounces of silver produced and sold in July 2022.


ę S&P Capital IQ 2022
All news about MAG SILVER CORP.
11/22Fresnillo hails successful further testing at Juanicipio in Mexico
AN
11/18National Bank Reiterates MAG Silver's Outperform Rating, $24.50 Price Target
MT
11/15MAG Silver Keeps Buy Rating at Stifel GMP Following Q3 Results; Price Target Trimmed to..
MT
11/15Cormark Securities Trims Price Target on MAG Silver to CA$23 From CA$24, Maintains Buy ..
MT
11/15TD Securities Adjusts MAG Silver Price Target to CA$28 From CA$24, Maintains Speculativ..
MT
11/14Mag Silver : Q3 Earnings Snapshot
AQ
11/14MAG Silver Swings To Q3 Earnings Year Over Year
MT
11/14MAG Silver Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended S..
CI
11/14Mag Silver : Consolidated Financial Statements - Form 6-K
PU
11/14MAG Silver Reports Third Quarter Financial Results
GL
More news
Analyst Recommendations on MAG SILVER CORP.
More recommendations
Financials (USD)
Sales 2022 32,1 M - -
Net income 2022 26,9 M - -
Net cash 2022 43,2 M - -
P/E ratio 2022 49,2x
Yield 2022 -
Capitalization 1 494 M 1 494 M -
EV / Sales 2022 45,3x
EV / Sales 2023 9,96x
Nbr of Employees 10
Free-Float 99,0%
Chart MAG SILVER CORP.
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Technical analysis trends MAG SILVER CORP.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 15,12 $
Average target price 18,24 $
Spread / Average Target 20,6%
EPS Revisions
Managers and Directors
George N. Paspalas President, CEO & Non-Independent Director
Fausto di Trapani Chief Financial Officer
Peter Derek Barnes Chairman
Daniel T. MacInnis Independent Director
Jill Leversage Independent Non-Executive Director
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