MAG Silver (US:MAG)2021-04-01 17:35Juanicipio Project Highlights - Juanicipio JV is a "High Grade" district scale project with high margin (IRR)[8] - As of December 31, 2020, MAG Silver had US$94 million in cash[8, 11] - The estimated remaining Capex as of December 31, 2020, was US$93 million, assuming full use of contingency[12] - The Fresnillo Silver District contains over 62 billion ounces of silver, representing >10% of world historical production[23] - The Juanicipio project has produced 33 billion ounces of silver since 1553[24] - The Juanicipio project is expected to have an All-in Sustaining Cost (AISC) of $502/oz[39] Major Shareholders and Analyst Targets - Fresnillo PLC holds 103% of shares[12] - Blackrock Asset Management holds 70% of shares[12] - Sprott Asset Management holds 55% of shares[12] - Total Institutions hold 70% of shares, while Retail & Float hold 30%[12] - The average target price from analysts is US$2777[12] Deer Trail Project, Utah - MAG Silver has the right to earn a 100% interest in DT Mining LLC by spending $30 million in escalating annual expenditures and $2 million in royalty payments over 10 years[43] - The Deer Trail project has historic high-grade silver mines with grades of 350 - 465 g/t[42] - The Deer Trail project has >20,000 m of historic drilling data[52]