MAG Silver (MAG) ZACKS·2025-03-25 18:00Core Viewpoint - MAG Silver Corp. reported mixed financial results for the fourth quarter and full year of 2024, with adjusted earnings per share missing estimates but showing year-over-year improvement in earnings and revenues [1][4]. Financial Performance - Adjusted earnings per share for Q4 2024 were 18 cents, missing the Zacks Consensus Estimate of 24 cents, but improved by 29% from 14 cents in the same quarter last year [1]. - For the full year 2024, adjusted earnings per share were 75 cents, surpassing the Zacks Consensus Estimate of 73 cents, and up from 47 cents in 2023 [4]. - Revenues for 2024 grew by 41.9% year over year to 632 million [4]. - Net income for 2024 was 48.6 million in 2023 [4]. Production and Operations - The Juanicipio plant processed 333,612 tons of ore in Q4 2024, a decrease of 3.8% from 346,766 tons in the same quarter last year [2]. - Silver head grade averaged 417 grams per ton (g/t) in Q4, leading to an annual average of 468 g/t, both exceeding expectations [3]. - Silver production declined by 5.5% year over year to 4.26 million ounces, while gold output was 9,041 ounces, down 14.6% from the previous year [3]. Cost and Cash Flow - Production costs were reported at 169 million a year ago [5]. - Adjusted EBITDA for 2024 was 97.6 million in 2023 [5]. - Operating cash flow from Juanicipio was 145 million in the previous year, with free cash flow reaching 61 million in 2023 [6]. - As of December 31, 2024, the company had working capital of 67 million in 2023, and was debt-free [6]. Stock Performance - MAG Silver's shares have increased by 81.9% over the past year, outperforming the industry growth of 71.5% [7].