MAG Silver (MAG) Q1 Earnings Beat Estimates, Increase Y/Y

MAG Silver Corp. (MAG) reported adjusted earnings per share of 14 cents for first-quarter 2024, which surpassed the Zacks Consensus Estimate of 10 cents. The figure marked a solid improvement of 180% from the earnings of 5 cents per share reported in the year-ago quarter attributed to higher metal volumes and realized metal prices. The net income was $14.9 million compared with$4.7 million in the first quarter of 2023. MAG Silver's principal asset is the Juanicipio Project in Zacatecas, Mexico. The company ...