2024-02-26 03:39:56 ET
Summary
- MAG Silver holds a 44% joint venture stake in the Juanicipio mine in Mexico, which could benefit from the expected positive outlook for gold and silver prices.
- The analysis recommends a "Hold" recommendation for MAG Silver due to higher interest rates and risk aversion in the market.
- MAG shares have declined over the past year and are not generating enthusiasm in the market, despite the successful ramp-up of production at the Juanicipio mine.
A "Hold" Recommendation for MAG Silver Corp
Shares of MAG Silver Corp. ( MAG ) ( MAG:CA ) are currently linked to the ramp-up of mining production at the Juanicipio mine in Mexico via a 44% joint venture stake in the Mexican asset and could represent an option ahead of the expected positive outlook for the price of gold and silver. The remaining 56% interest in the Mineral Project is held by Fresnillo plc (FNLPF), which is also the operator of the mine located in the high-grade, district-scale precious metal deposits of the Fresnillo Silver Trend in Mexico....
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MAG Silver: With Risk Aversion, Longer Headwinds Ahead