MAG Silver Corp

MAG Silver Corp is a Canadian mining company that focuses on the exploration, development, and production of silver and gold deposits. The company's primary asset is the Juanicipio property located in the Fresnillo District of Zacatecas, Mexico. The property is a joint venture between MAG Silver and Fresnillo plc, with MAG Silver holding a 44% interest and Fresnillo holding a 56% interest.

MAG Silver was founded in 2003 and is headquartered in Vancouver, British Columbia. The company's shares are traded on the Toronto Stock Exchange and the New York Stock Exchange under the ticker symbol MAG.

MAG Silver's mission is to become a premier silver mining company by developing high-quality assets with strong exploration potential. The company is committed to responsible mining practices and sustainable development, and it works closely with local communities to ensure that its operations have a positive impact on the environment and the people who live in the areas where it operates.

Stock Quotes

MAG Silver Corp is a mining company that focuses on the exploration and development of silver and gold deposits in Mexico. The company has several competitive advantages that differentiate it from its peers:

1. High-Quality Assets: MAG Silver Corp has a portfolio of high-quality assets, including the Juanicipio project, which is a joint venture with Fresnillo plc, one of the world's largest silver producers. The Juanicipio project is one of the largest and highest-grade silver deposits in the world, with an estimated mine life of over 19 years.

2. Strong Financial Position: MAG Silver Corp has a strong financial position, with a debt-free balance sheet and a cash balance of over $200 million as of June 30, 2021. This financial strength allows the company to fund its exploration and development activities without relying on external financing.

3. Experienced Management Team: MAG Silver Corp has an experienced management team with a proven track record of success in the mining industry. The team has extensive experience in exploration, development, and production, which enables the company to efficiently and effectively execute its business strategy.

4. Sustainable Mining Practices: MAG Silver Corp is committed to sustainable mining practices and has implemented several initiatives to minimize its environmental impact. The company has also established strong relationships with local communities and stakeholders, which helps to ensure the long-term sustainability of its operations.

Overall, MAG Silver Corp's high-quality assets, strong financial position, experienced management team, and commitment to sustainable mining practices give it a competitive edge in the mining industry.


1. Limited production capacity: MAG Silver Corp has a relatively small production capacity compared to its peers, which limits its ability to generate revenue and compete in the market.

2. Dependence on a single project: The company's primary focus is on the Juanicipio project in Mexico, which makes it vulnerable to any disruptions or delays in the project's development.

3. High exploration costs: MAG Silver Corp invests heavily in exploration activities, which can be costly and may not always yield positive results.

4. Limited diversification: The company's portfolio is heavily concentrated in silver and gold, which limits its exposure to other metals and minerals that may be in higher demand.

5. Reliance on joint ventures: MAG Silver Corp often partners with other companies to fund its projects, which can limit its control over the development process and the ultimate profitability of the project.

6. Limited financial resources: The company has a relatively small market capitalization and limited financial resources, which can make it difficult to compete with larger, more established peers in the industry.

Peer Comparisons

Price -- 9.375

Open - 9.12

Low - 8.96

Close - 9.21

High - 9.23

Ticker 1 - MAG

Ticker 2 - MAG

Ticker 3 -

Exchange 1 - NYSE

Exchange 2 - TSX

Exchange 3 -

Primary Info
Date Established
770-800 Pender St W, Vancouver, BC V6C 2V6, Canada
Website Data
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Mag Silver Corp: Home
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MAG Silver Corp is a Canadian mining company focused on silver and gold deposits, with its primary asset being the Juanicipio property in Mexico, and a mission to become a premier silver mining company through responsible mining practices and sustainable development.
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Magsilver, silver, jewelry, rings, necklaces, earrings, bracelets, pendants, charms, gifts, accessories, fashion, style, trends, quality, affordable, unique, handmade

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