Financial Performance - MAG reported a net income of $77,779, equating to $0.75 per share, with adjusted EBITDA of $186,734 for the year ended December 31, 2024[2]. - Net income for the year ended December 31, 2024, was $201,541, up from $129,428 in 2023[21]. - Adjusted EBITDA attributable to the company increased to $186,734 in 2024 from $97,613 in 2023[44]. - Cash flow from operating activities for 2024 was $356,691,000, a significant increase from $145,064,000 in 2023[46]. - Juanicipio free cash flow reached $292,349,000 in 2024, compared to $60,814,000 in 2023[46]. - Working capital improved to $160,113 as of December 31, 2024, compared to $67,262 in 2023[31]. Production and Operational Efficiency - A total of 1,342,786 tonnes of ore were mined, representing a 22% increase over 2023, while 1,328,178 tonnes were processed, a 5% increase from the previous year[14][15]. - Silver production reached 18.6 million ounces, with equivalent silver production at 26.8 million ounces, reflecting strong operational performance at the Juanicipio mine[2]. - The company processed 1,328,178 tonnes in 2024, a 5% increase in tonnes processed compared to the previous year[23]. - Silver metallurgical recovery improved to 93% from 87% in 2023, attributed to the start of commercial pyrite and gravimetric concentrate production[2][16]. Cost Management - The cash cost per silver ounce sold was $0.88, and the all-in sustaining cost was $5.54 per silver ounce sold, demonstrating effective cost management[2][17]. - Cash cost per silver ounce sold decreased significantly from $6.07 in 2023 to $0.88 in 2024[35]. - All-in sustaining cost per silver ounce sold improved from $10.32 in 2023 to $5.54 in 2024, indicating better cost management[38]. Sales and Revenue - Sales increased by $185,077 to $627,366 in 2024, driven by a 14% increase in metal volumes and a 19% increase in realized metal prices[21]. - Gross profit rose to $382,648 in 2024, compared to $201,983 in 2023, reflecting improved operational efficiency[21]. - The average realized price per silver ounce sold increased from $23.66 in 2023 to $28.78 in 2024[38]. - Realized prices for 2024 included $28.78/oz for silver and $2,430.76/oz for gold, impacting equivalent silver production calculations[59]. Future Outlook and Investments - For 2025, silver production at Juanicipio is forecasted between 14.7 million and 16.7 million ounces, with cash costs expected to range from $1.00 to $1.00 per ounce sold[6]. - Expansionary capital expenditures for 2025 are estimated between $22 million and $28 million, aimed at enhancing mining efficiencies[4]. - The updated technical report on Juanicipio indicated a 33% increase in mineral resources and a 15.4 million tonnes mineral reserve estimate at 628 g/t equivalent silver grade[3]. - MAG entered into an exploration agreement with Apollo Silver Corp. for the Cinco de Mayo Project, allowing for potential future growth through exploration[6]. Exploration and Development - The company is executing multi-phase exploration programs at the Deer Trail Project in Utah and the Larder Project in Canada[48]. - Forward-looking statements include anticipated production rates and capital requirements for ongoing projects[53]. - The company emphasizes the importance of obtaining adequate financing for its exploration and development activities[54]. - Risks include potential increases in capital costs and changes in mineral production performance[55]. - The company plans to provide updates on the Deer Trail and Larder Projects in future reports[60]. Dividends - MAG declared an inaugural fixed dividend of $0.02 per share and an additional cash flow linked dividend of $0.16 per share, totaling $0.18 per share payable on April 21, 2025[2].

Core Viewpoint - MAG Silver Corp. reported strong financial results for the year ended December 31, 2024, with significant contributions from the Juanicipio mine, leading to increased net income and cash flow, alongside the declaration of inaugural dividends to shareholders [2][29]. Financial Performance - The company reported a net income of $77,779, or $0.75 per share, driven by income from the Juanicipio mine of $92,875 and adjusted EBITDA of $186,734 [2][29]. - Total sales for the year reached $627,366, a 42% increase from $442,288 in 2023, attributed to higher metal volumes and realized prices [20][21]. - The company declared a total dividend of $0.18 per share, including a fixed dividend of $0.02 and a cash flow-linked dividend of $0.16, representing a total return of $18,604 to shareholders [2][29]. Operational Highlights - Juanicipio processed 1,328,178 tonnes of ore with a silver head grade of 468 g/t, achieving silver production of 18.6 million ounces [2][12]. - The mine maintained strong cost performance with a cash cost of $0.88 per silver ounce sold and an all-in sustaining cost of $5.54 per silver ounce sold [16][18]. - Silver metallurgical recovery improved to 93% from 87% in 2023, reflecting operational optimizations and the commencement of commercial concentrate production [15][16]. Exploration and Development - The updated technical report on Juanicipio indicated a 33% increase in mineral resources since the 2017 assessment, with a declared mineral reserve estimate of 15.4 million tonnes at a grade of 628 g/t equivalent silver [2][12]. - Ongoing exploration at the Deer Trail Project and Larder Project has shown promising results, including significant extensions of mineralization and new high-grade discoveries [11][12]. Future Guidance - For 2025, silver production at Juanicipio is forecasted to be between 14.7 million and 16.7 million ounces, with cash costs expected to range from $1.00 to $1.00 per silver ounce sold [2][3]. - Sustaining capital expenditures for 2025 are estimated between $70,000 and $80,000, with expansionary capital expenditures projected between $22 million and $28 million [3][6].

All amounts herein are reported in United States dollars (“US$”) unless otherwise specified VANCOUVER, British Columbia, March 24, 2025 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces that its Board of Directors (“Board”) has adopted a dividend policy for the Company under which the Company intends to pay quarterly fixed dividends of $0.02 per share. In addition, at average realised silver prices of above $20 per ounce, the Company intends to augment the f ...

MAG Silver (MAG) is expected to report an improvement in its bottom line when it reports fourth-quarter 2024 later this month.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for MAG Silver’s fourth-quarter earnings has moved up 9.1% over the past 60 days to 24 cents per share. The figure indicates a 71% surge from the year-ago quarter. Image Source: Zacks Investment ResearchMAG’s Earnings Surprise HistoryMAG Silver’s earnings surpassed the Zacks Conse ...

Confirms Deeper High-Grade Zones on Main Break; New Regional Zones at LarderLarge Expansion of Carissa Zone at Deer Trail Points to Mineral Source VANCOUVER, British Columbia, Feb. 24, 2025 (GLOBE NEWSWIRE) -- MAG Silver Corp. ("MAG" or “the Company”) provides an update on its exploration activities and 2025 outlook for its Larder (Ontario, Canada) and Deer Trail Carbonate Replacement Deposit (“CRD”) (Utah, U.S.A.) projects, which remain key components of the Company’s growth strategy. MAG continues to adva ...

VANCOUVER, British Columbia, Feb. 03, 2025 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) announces the appointment of John Armstrong to the Board of Directors, effective January 31, 2025, as part of MAG’s planned Board refreshment. “We are very pleased to welcome John to our Board,” said Peter Barnes, Chair of the Board. “With extensive leadership experience and a strong track record in capital markets, strategic planning and capital allocation, John brings signific ...

VANCOUVER, British Columbia, Jan. 29, 2025 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the fourth quarter (“Q4”) and year ended December 31, 2024. These results demonstrate strong sustained quarter on quarter operational performance throughout 2024 and reinforce Juanicipio’s position as a world class silver asset. Steady throughput: The Juanicipio plant maintained ...

VANCOUVER, British Columbia, Jan. 16, 2025 (GLOBE NEWSWIRE) -- MAG Silver Corp. (NYSE:MAG) ("MAG" or "MAG Silver" or "Company") announces the retirement of Michael Curlook after twelve years of outstanding service to the Company. Michael has been an integral part of MAG's Investor Relations team, playing a pivotal role in shaping the Company's communications strategy and fostering strong relationships with investors and stakeholders. During his extensive tenure, Michael played a key role in transitioning th ...

MAG Silver Corp. (NYSE: MAG ) is a silver mining company, with a 44% ownership interest in the Mexican low-cost Juanicipio silver mine, where Fresnillo plc ( OTCPK:FNLPF ) owns the remaining portion andIf you like this article and are interested in more frequent analysis of my holding companies, real-time notifications on portfolio changes, together with macro and industry analysis. I would encourage you to have a look at my marketplace service, Off The Beaten Path.I primarily invest in turnarounds in natur ...

VANCOUVER, British Columbia, Nov. 12, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the Company’s unaudited consolidated financial results for the three months ended September 30, 2024 (“Q3 2024”). For details of the unaudited condensed interim consolidated financial statements of the Company for the three and nine months ended September 30, 2024 (“Q3 2024 Financial Statements”) and management’s discussion and analysis for the three and nine months ...