MAG Silver Posts Strong Q2 Earnings and Raises Guidance

MAG Silver (TSE:MAG) has released an update.

MAG Silver Corp. reported a net income of $21.6 million for Q2 2024, with strong performance from its Juanicipio operation producing 5 million ounces of silver and generating significant operating and free cash flow. The company’s operational efficiency improved with lower cash and all-in sustaining costs, and the full year’s production guidance has been increased due to this outperformance. Additionally, MAG Silver continues to invest in exploration and development projects across its portfolio, while maintaining a solid liquidity position.

For further insights into TSE:MAG stock, check out TipRanks’ Stock Analysis page.