2024-03-19 11:31:52 ET
Summary
- MAG Silver Corp.'s Juanicipio mine had another good quarter, with solid production and very low operating costs.
- Both Juanicipio and MAG Silver generated a positive free cash flow in Q4.
- We are still waiting for clarity on the capital allocation framework, which is my main concern with an investment in MAG Silver.
Overview
MAG Silver Corp. ( MAG ) is a silver mining company with a 44% ownership interest in Juanicipio, which is a Mexican mine that went into commercial production during 2023. Fresnillo ( FNLPF ) owns 56% of Juanicipio and is the operator. MAG Silver is listed in both the U.S. & Canada ( MAG:CA ) and the reporting currency is U.S. Dollars....
Read the full article on Seeking Alpha
For further details see:
MAG Silver: A Strong Quarterly Result And Positive Free Cash Flow