Sector: Basic Materials | Industry: Precious Metals & Minerals |
Company Contact | |
Address: | #770 - 800 WEST PENDER STREET VANCOUVER BC V6C 2V6 |
Tel: | N/A |
Website: | https://magsilver.com |
IR: | See website |
Key People | ||
George N. Paspalas President, Chief Executive Officer, Director | Fausto Di Trapani Chief Financial Officer | Michael J. Curlook Vice President - Investor Relations and Communications |
Jill Neff Vice President - Governance, Company Secretary | Gary Methven Vice President - Technical Services | W. J. Mallory Chief Sustainability Officer | Peter Kenneth McNeill Megaw Chief Exploration Officer |
Business Overview |
MAG Silver Corp. is a Canadian exploration company. The Company is focused on advancing high-grade, district scale precious metals projects in the Americas. Its principal focus and asset are the 4,000 tons per day Juanicipio Project (44%), operated by Fresnillo Plc (56%). The project is located in the Fresnillo Silver Trend in Mexico. Its Cinco de Mayo Property is located approximately 190 kilometers northwest of the city of Chihuahua, in northern Chihuahua State, Mexico, and cover approximately 25,113 hectares. The project consists of four mineralized zones: the Upper Manto silver-lead-zinc inferred resource; the Pegaso deep discovery; the Pozo Seco high grade molybdenum-gold resource, and the surrounding Cinco de Mayo exploration area. The Company is also executing multi-phase exploration programs at the Deer Trail 100% earn-in Project in Utah and the Larder Project, located in the historically prolific Abitibi region of Canada. |
Financial Overview |
For the three months ended 31 March 2024, MAG Silver Corp (USA) revenues was not reported. Net income increased from $4.7M to $14.9M. Net income benefited from Income from equity accounted investment increase from $7.9M to $19.2M (income), Other income increase from $127K to $537K (income), INTEREST INCOME increase of 47% to $827K (income). Basic Earnings per Share excluding Extraordinary Items increased from $0.05 to $0.14. |