MAG Silver ( (TSE:MAG) ) just unveiled an update.
MAG Silver Corp. has announced a new dividend policy, including an inaugural dividend, marking a significant milestone for the company. The policy involves a fixed quarterly dividend of $0.02 per share, with additional cash flow-linked dividends when silver prices exceed $20 per ounce. This move reflects MAG’s confidence in its business strength and commitment to shareholder value, particularly through the success of its Juanicipio Mine operations.
More about MAG Silver
MAG Silver Corp. is a Canadian mining and exploration company focused on advancing high-grade, district-scale precious metals projects in the Americas. It is emerging as a top-tier primary silver mining company through its joint venture interest in the Juanicipio Mine in Mexico, and is also involved in exploration programs at the Deer Trail Project in Utah and the Larder Project in Canada.
YTD Price Performance: 9.17%
Average Trading Volume: 591,530
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.63B
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