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MAG Silver Corp. - MAG STOCK NEWS

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

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MAG Silver's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MAG Silver's position in the market.

News
MAG Silver Announces Robust Updated Technical Report for Juanicipio
Rhea-AI Summary
MAG Silver Corp. announces the filing of the Juanicipio Mineral Resource and Mineral Reserves NI 43-101 Technical Report, highlighting robust economics with an after-tax NPV of $1.2 billion over a 13-year mine life. The Report showcases a 33% growth in Mineral Resources, significant exploration upside, and a simplified underground production plan. MAG Silver remains optimistic about the future potential of the Juanicipio Mine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.66%
Tags
none
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News
MAG Silver Provides Notice of Updated Juanicipio Technical Report
Rhea-AI Summary
MAG Silver Corp. to release updated Juanicipio Technical Report on March 27, 2024, with a conference call scheduled for the same day.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
none
-
News
MAG Silver Reports 2023 Annual Financial Results
Rhea-AI Summary
MAG Silver Corp. announces its financial results for the year ended December 31, 2023, with key highlights including net income of $48,659, 346,766 tonnes of mineralized material processed at Juanicipio, and silver production of 16.8 million ounces for 2023. The company reported strong operating cash flow and free cash flow, along with robust cost performance at Juanicipio. Additionally, MAG secured a credit facility with the Bank of Montreal and was included in the NYSE Arca Gold Miners Index in June 2023. Corporate developments included the publication of a sustainability report and key executive promotions. Exploration activities at Juanicipio, Deer Trail Project, and Larder Project showed promising results, highlighting the company's commitment to growth and expansion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.31%
Tags
earnings
News
MAG Silver Reports Preliminary 2024 Juanicipio Guidance
Rhea-AI Summary
MAG Silver Corp. provides preliminary 2024 guidance for the high-grade Juanicipio Mine, highlighting robust silver head grades, nameplate capacity utilization, and an upcoming technical report. The joint venture with Fresnillo plc shows promising silver production potential and operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
none
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News
MAG Announces Fourth Quarter and 2023 Production From Juanicipio
Rhea-AI Summary
MAG Silver Corp. reports strong production performance from Juanicipio for Q4 and full year 2023. Highlights include solid processing performance, robust production, strong grades, and consistent processing growth. The company's focus remains on ongoing optimization to deliver low-cost silver production and generate robust free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.11%
Tags
none
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News
MAG Announces the Appointment of Tom Peregoodoff to the Board of Directors as Part of Planned Board Succession
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
management
News
MAG Silver Reports Third Quarter Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
earnings
-
News
MAG Announces Third Quarter Production From Juanicipio
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.93%
Tags
none
-
News
MAG Silver Publishes Second Annual Sustainability Report
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.85%
Tags
none
News
MAG Silver Reports Second Quarter Financial Results
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.32%
Tags
earnings
Stock MAG logo
MAG Silver Corp.

NYSE:MAG

MAG Rankings

#2668 Ranked by Market Cap
#3312 Ranked by Stock Gains
N/A Ranked by Dividends

MAG Stock Data

1.24B
92.66M
0.96%
56.35%
3.15%
Silver Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
Canada
Vancouver

About MAG

mag silver corp. is focused on district scale projects located within the mexican silver belt. our mission is to become one of the premier companies in the silver mining industry. mag is conducting ongoing exploration of its portfolio of 100% owned properties in mexico including a silver, lead and zinc discovery and a moly-gold discovery at its 100% owned cinco de mayo property in chihuahua state. as well, mag and fresnillo plc are jointly delineating the valdecañas, desprendido and juanicipio discoveries on the juanicipio joint venture in zacatecas state.