Investment Highlights
MAG is a leading-edge, Tier 1 North American silver producer, positioned for continued shareholder value creation.
With no debt and AISC in the lowest quartile, we are focused on advancing high-grade, district scale precious metals projects in the Americas, including our flagship Juanicipio mine (44% interest), located in the world’s preeminent region for silver.
The MAG Opportunity
Building a High Margin and Sustainable Cash Flowing Business
Tier 1 Silver Production in Premier Location
World’s largest primary silver producer Fresnillo Plc as operator
Organic Growth Potential Drives Upside
Only 5% of Juanicipio explored
Fully Leveraged to Silver Production
75% of revenue from silver and 85% from precious metals. High grade = robust margins & low production costs.
Financial Discipline & Strong Balance Sheet
Free cash flow from Juanicipio supports stable balance sheet while strong management maintains a disciplined approach
Presentations and Events
Events
Dec 2 – 3, 2024
Scotia Mining Conference
Toronto, ON
January 14 – 16, 2025
TD Securities Mining Conference
Toronto, ON
January 22, 2025
4Q24 Production Report
February 23 – 26, 2025
BMO Global Metals & Mining Conference
Hollywood, FL
March 5, 2025
MAG Silver Annual PDAC Investor Day
Toronto, ON
Share Ownership
Capitalization
Ticker MAG:
NYSE / TSX
Cash (No Debt):
US$113M*
Market capitalization:
US$1.5B
Basic shares outstanding*:
103.3M
Dilutive securities*:
2.2M
Fully diluted shares outstanding*:
105.5M
* As at September 30, 2024
Analyst Coverage
Bank of Montreal
Kevin O’Halloran
Email: kevin.ohalloran@bmo.com
Canaccord Genuity
Lucas Pamatat
Email: lpamatat@cgf.com
CIBC
Cosmos Chiu
Email: cosmos.chiu@cibc.com
Cormack Securities
Nicolas Dion
Email: ndion@cormark.com
H.C. Wainwright
Heiko Ihle
Email: hihle@hcwresearch.com
National Bank Financial
Don DeMarco
Email: don.demarco@nbc.ca
Panmure Gordon and Co.
Kieron Hodgson
Email: kieron.hodgson@panmure.com
PI Financial
Chris Thompson
Email: cthompson@pifinancial.com
Raymond James
Brian MacArthur
Email: brian.macarthur@raymondjames.ca
ROTH Capital Partners
Joe Reagor
Email: jreagor@roth.com
Scotia Capital
Ovais Habib
Email: ovais.habib@scotiabank.com
Stifel GMP
Stephen Soock
Email: ssoock@stifel.com
TD Securities
Craig Hutchison
Email: craig.hutchison@tdsecurities.com
