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MAG Silver Corp. (MAG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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21.47-0.63 (-2.85%)
At close: 4:00PM EDT
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  • r
    ronald
    We may have a small head and shoulders reversal pattern shaping up over the last motn and a half. Should MAG hold right around $18, we could see a run to the $24-$25 area.
  • b
    bl
    Looks like we should be going up. Morning star pattern forming on the weekly candles as long as we close 19.50+ this week, we should see more up the following weeks.

    Fed is again not going to change anything for another 1-2 years. Until then, keep inflating with more debt spending and negative real rates.
  • Y
    Yahoo Finance Insights
    MAG.TO is down 5.52% to 22.94
  • s
    stocktargetadvisor
    $MAG $MAG.CA
    Target CIBC World Markets Neutral CAD 33
  • Y
    Yahoo Finance Insights
    MAG.TO is down 5.79% to 22.28
  • Y
    Yahoo Finance Insights
    MAG.TO is down 5.45% to 24.30
  • Y
    Yahoo Finance Insights
    MAG.TO is up 5.93% to 23.05
  • W
    Watcher
    Mag will be at 14 by this Friday
  • J
    Jan
    It surprises me that this company doesn't get a $30 buyout. So much going on and so cheap. Ever solar panel uses silver. You can't buy silver without huge premiums. Last time I seen that it was in palladium six months latter huge gains now its up it's 23 times.
  • B
    Bobwins
    Big gain today. Didn't see any news. Is the increase due to the possibility that processing thru the Fresnillo plant has begun? Guidance said 16,000 tonnes per month or ~500tpd would be processed until the new plant was ready in 2021. They already did a trial run with 8K tonnes in August so it wouldn't be a stretch to assume they have begun actual mining. The rerating may have begun!
  • D
    DAVID
    Eric Sprott would not be investing in MAG if he did not see the Juanicipio Project as a total winner. There was 86 million shares outstanding with no warrants, up till now. With Sprott's 4.5 million share private placement this represents a 5.2% dilution. The money to complete this project has to come from somewhere. Judging by today's market reaction this was a great move. First pour should be in third or fourth quarter this year. Also, the fact that this is a joint venture with Fresnillo (a mexican company) mitigates some of the political risk. Fresnillo has been incredible in the construction of this mine!
  • J
    Joonas
    1,5 billion valuation and no cash flow. People are expecting great things here. Is this valuation justified by future expectations?
  • W
    Watcher
    Hey guys, I love MAG but I also diversify. I try to pick companies that are undervalued, out of the spotlight, and have Eric Sprott buying massive shares. Do any of you own Metallic Minerals?
  • t
    troutman2u
    Serious question, and not bashing, merely an observation. Why pay almost $10/share for a stock/company that posted -.07c loss last year, when there's another profitable silver miner, trading at a mere $3.28/share, and they posted .21c last year in earnings?! That company is FSM, and it's oversold right now, I don't know about you, but I took an initial position over there, and am ADDING at these gift prices.
  • j
    james
    I have never seen a company that has a good balance sheet. in an industry were there is no supply and high demand. good news. and the stock preforms terribly
  • C
    Catalinas
    Just to understand this company and put it on my radar. For the 44% of the 11-12m Oz Ag production over the next years, 1.3 billion is a valuation that cannot be digested easily. But I guess I am missing a point. Which is the dynamics of the property, revealed also by the strong interest from a shareholder dream team.

    So its like a bond for the future.
  • E
    Erik
    The manipulators in big government at work. They must keep precious metals down to keep rising inflation getting out of control. Reddit tried to squeeze the shorts but didn't work more than a few days.
  • m
    magnus
    Love this company. This could be a $50 stock in half a year.
  • J
    Jason
    Mag stock outperformed the sector the last couple of days. Most silver stocks are up sharply, along with spot silver. However, mag is up more than most, possibly due to the 1/27/21 press release. As they complete construction work at Juanicipio, the extracted mineralized material is being processed at Fresnillo's plant with proceeds reducing capex expenditures.
  • J
    Jeremy
    First of all they diluted their stock early Sept. to pay for the mine so basically that is baked into the stock. The stock fell 20% following the announced dilution to a price below the current PPS.

    “Since June 30, 2020, MAG Silver sold and issued 3,092,783 common shares under the ATM Program at an average price of US$16.16 per share, for gross and net proceeds of US$50 million and US$48.625 million, respectively.”

    “MAG is now well positioned for the final stages to completion of the Juanicipio project,” said George Paspalas, President and CEO.”

    Then Fresnillo, the operator building of the mine is ahead of schedule and is already in operation and processing ore and producing income.

    Oct. 21, 2020 -- MAG Silver Corp.is pleased to announce that, as planned, development material from the Juanicipio Project (56% / 44% joint venture between Fresnillo plc (“Fresnillo”) and MAG) commenced processing at the Fresnillo beneficiation plant during the quarter ended September 30, 2020. As reported by the operator Fresnillo, 42,476 tonnes were processed during the quarter, with total production of 394 thousand silver ounces, 610 gold ounces, 138 tonnes of lead and 174 tonnes of zinc (attributable to MAG: 173.4 thousand ounces of silver, 268.4 ounces of gold, 60.7 tonnes of lead and 76.6 tonnes of zinc).

    This first development material was processed through the nearby Fresnillo processing plant (100% owned by Fresnillo) with the lead (silver rich) and zinc concentrates treated at market terms under off-take agreements with Met-Mex Peoles, S.A. De C.V. in Torren, Mexico. The revenue from this production, net of processing and treatment costs, will be used by the joint venture to offset cash requirements of the initial project capital.”

    “This first production from Juanicipio is a major milestone for the Company” said George Paspalas, MAG Silver’s President and CEO. “The successful processing of development material not only provides cash flow to offset capex, but further de-risks the project as it heads toward commercial production. “

    https://stockhouse.com/news/press-releases/2020/10/21/mag-silver-announces-first-production-from-juanicipio

    And – “We are looking forward to the first production stope coming online in Q4 2020, and our potential to continue to produce cash whilst we complete the process plant construction.”

    We be looking at Q4 now, and you know these guys are sharp; any CEO who uses “whilst” in a mining PR always gets my vote.

    b.
    MAG Silver Announces First Production From Juanicipio
    MAG Silver Announces First Production From Juanicipio
    stockhouse.com