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The latest announcement is out from MAG Silver ( (TSE:MAG) ).
MAG Silver Corp. announced its production results from the Juanicipio Mine for the fourth quarter and full year 2024, which showed strong operational performance and confirmed the asset’s world-class status. The mine processed 333,612 tonnes of ore in Q4, maintaining a consistent throughput. It achieved a silver head grade of 417 grams per tonne and produced 18.6 million ounces of silver and 39,029 ounces of gold for the year, marking significant year-over-year increases. The production exceeded the revised guidance by 1.3 million ounces, indicating robust resource quality and operational efficiency. The company also provided initial 2025 production guidance, anticipating variability in grades and production rates due to mine sequencing, with a focus on maintaining strong performance and optimizing costs.
More about MAG Silver
MAG Silver Corp. is a Canadian mining and exploration company that focuses on advancing high-grade, district scale precious metals projects across the Americas. It is a leading primary silver mining company through its 44% joint venture interest in the Juanicipio Mine, operated by Fresnillo plc, located in the Fresnillo Silver Trend in Mexico. MAG Silver also operates the Deer Trail Project in Utah and the Larder Project in Canada.
YTD Price Performance: 1.53%
Average Trading Volume: 556,591
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.51B
Find detailed analytics on MAG stock on TipRanks’ Stock Analysis page.
