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MAG Silver Reports Strong 2024 Production and Sets 2025 Guidance
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MAG Silver Reports Strong 2024 Production and Sets 2025 Guidance

Story Highlights
  • MAG Silver achieved strong 2024 results with higher silver and gold production.
  • The company’s 2025 guidance anticipates variability in grades and rates due to sequencing.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Invest with Confidence:

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.

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