MAG Silver (TSE:MAG) has released an update.
MAG Silver Corp. has announced their plan to buy back up to 10% of their public float in common shares, under the approved Normal Course Issuer Bid (NCIB), which will start on May 17, 2024, and conclude by May 16, 2025. The company believes this strategic move will benefit shareholders, especially when the market undervalues the shares, and aims to enhance shareholder value and per share growth. Any shares acquired will be canceled, and the repurchase program may be executed on both Canadian and U.S. stock exchanges.
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