Mag Silver Stock Price, News & Analysis

MAG Silver announces the filing of management information circular for a special meeting on July 10, 2025, regarding Pan American Silver's proposed acquisition of all MAG shares. The deal, valued at approximately $2.1 billion ($20.54 per share), offers shareholders a choice between cash payment or Pan American shares, with total cash consideration capped at $500 million. The transaction represents a 21% premium to MAG's closing price and 27% to its 20-day VWAP as of May 9, 2025. MAG's Board unanimously recommends shareholders vote in favor of the arrangement, citing benefits including portfolio diversification, exposure to Pan American's mining assets, and improved trading liquidity. The deal requires two-thirds shareholder approval and regulatory clearances, with expected completion in second half of 2025.

Pan American Silver has announced a definitive agreement to acquire MAG Silver Corp. in a deal valued at approximately $2.1 billion. Under the terms, MAG shareholders will receive $20.54 per share, consisting of $500 million in cash and 0.755 Pan American shares per MAG share. The offer represents a 21% premium to MAG's closing price and a 27% premium to its 20-day VWAP as of May 9, 2025.

The acquisition gives Pan American a 44% interest in the Juanicipio silver mine in Mexico, operated by Fresnillo plc. Juanicipio is forecasted to produce between 14.7-16.7 Moz of silver in 2025 with exceptionally low costs. The transaction is expected to close in the second half of 2025, subject to customary conditions including MAG shareholder approval and Mexican anti-trust clearance. Post-completion, existing MAG shareholders will own approximately 14% of Pan American.

MAG Silver reported strong Q1 2025 financial results with record net income of $28.7 million ($0.28 per share) and adjusted EBITDA of $55.7 million. The company's Juanicipio mine processed 337,017 tonnes of ore with a silver head grade of 430 g/t, achieving record silver recovery of 96%. Production reached 4.5 million silver ounces and 6.5 million equivalent silver ounces. The operation maintained exceptional cost performance with negative $0.91 cash cost per silver ounce. MAG declared a second dividend of $0.20 per share, comprising a $0.02 fixed component and $0.18 cash flow-linked component. During April 2025, Juanicipio returned $61.5 million to MAG through dividends and loan repayments. The company appointed John Armstrong to its Board and continued exploration activities at Juanicipio, Deer Trail, and Larder projects.

MAG Silver Corp. (MAG) has announced its second dividend payment, consisting of a fixed dividend of $0.02 per share and a cash flow-linked dividend of $0.18 per share, totaling $0.20 per share. The cash flow-linked portion represents approximately 30% of the $61.5 million received from Juanicipio operations. The dividend will be payable on May 28, 2025, to shareholders of record as of May 19, 2025.

The company emphasizes that this dividend structure reflects their strong operational cash flow and commitment to shareholder returns while maintaining flexibility for growth. Future dividends will be subject to Board approval and various factors including financial position, profitability, and cash flow.

MAG Silver Corp. (TSX/NYSE: MAG) reports exceptional Q1 2025 performance at its Juanicipio operation (56% Fresnillo, 44% MAG). The facility processed 337,000 tonnes of ore, achieving a record-breaking 96% silver recovery rate with silver head grade of 430 g/t.

Q1 production highlights include 4.5 million ounces of silver and 10,198 ounces of gold. The company's 2025 guidance projects silver production between 14.7-16.7 million ounces, with throughput of 4,000 tonnes per operating day.

Financial outlook includes cash operating costs of ($1.00)-$1.00 per silver ounce sold and all-in sustaining costs of $6.00-$8.00. Capital expenditures for 2025 include $70-80 million in sustaining capital for tailings dam expansion and underground infrastructure, plus $22-28 million for an underground conveyor system to be commissioned in late 2026.

MAG Silver (TSX/NYSE: MAG) reported strong financial results for 2024, with net income of $77.8 million ($0.75 per share) and adjusted EBITDA of $186.7 million. The Juanicipio Mine processed 1.3 million tonnes of ore, achieving 18.6 million ounces of silver production with improved 93% recovery rate.

Key financial highlights include:

• Inaugural dividend of $0.18 per share ($18.6M total) announced, payable April 21, 2025
• Strong cash position of $162.3M at year-end
• Juanicipio's operating cash flow of $356.7M and free cash flow of $292.3M
• Exceptional cost performance with cash cost of $0.88 per silver ounce

The company's updated technical report shows a 33% increase in Mineral Resources and projects robust economics over a 13-year mine life. For 2025, Juanicipio forecasts silver production between 14.7-16.7 million ounces with cash costs between -$1.00 to $1.00 per silver ounce sold.

MAG Silver Corp (TSX/NYSE American: MAG) has announced its new dividend policy featuring quarterly fixed dividends of $0.02 per share. The company will supplement this with an additional cash flow linked dividend when silver prices exceed $20 per ounce, targeting approximately 30% of cash flows from Juanicipio operations.

The company has declared an inaugural dividend of $0.18 per share, comprising a $0.02 fixed component and a $0.16 cash flow linked component, reflecting 30% of the $53.85 million received from Juanicipio in Q4 2024. The dividend will be payable on April 21, 2025 to shareholders of record as of April 4, 2025.

The dividend qualifies as an eligible dividend under the Income Tax Act (Canada). Future dividend declarations will be subject to Board approval and may be adjusted based on various factors including financial position, profitability, and cash flow.

MAG Silver Corp provides an exploration update for its Larder (Ontario) and Deer Trail (Utah) projects. At Larder, drilling extended the Cheminis and Bear zones to depths of 900m and 1,200m respectively, with high-grade intercepts including 10.2 g/t gold over 6.3m and 42.1 g/t gold over 1.5m. The company acquired the Goldstake Property, doubling the project's land area.

At Deer Trail, step-out drilling expanded the Carissa skarn discovery to a 400-700m area with copper-silver-zinc mineralization. A new high-grade silver-lead-zinc extension was discovered at the Deer Trail mine, yielding 151 g/t silver, 0.5 g/t gold, 3.7% lead and 2.5% zinc over 2.76m. A new 'Nodular' Gold Zone returned 4.5 g/t gold over 29.5m.

Both projects will see focused drilling programs in the second half of 2025. MAG emphasizes disciplined capital allocation, leveraging Juanicipio's cash flow to advance exploration while maintaining financial strength.

MAG Silver (TSX / NYSE American: MAG) has appointed John Armstrong to its Board of Directors, effective January 31, 2025, as part of the company's planned Board refreshment initiative. Board Chair Peter Barnes highlighted Armstrong's extensive leadership experience and strong track record in capital markets, strategic planning, and capital allocation. The appointment followed a comprehensive, externally facilitated search process focused on diverse candidates. Armstrong's broad network within the mining sector and familiarity with MAG and Juanicipio were cited as key factors in his selection, expected to provide valuable insights for the company's strategic advancement.