Bullboard - Stock Discussion Forum MAG SILVER CORP. T.MAG

Alternate Symbol(s): MAG

Metals & Mining Silver

MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Our principal focus and asset is the Juanicipio Property (44%), being developed in Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is... see more

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TSX:MAG - Post Discussion

MAG SILVER CORP. > Press release

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Post by Retiredgeo on Mar 19, 2024 7:13am

Press release

The big take away is that they made $48 million USD in profit in 2023 (a partial year of full production) and now have a bank balance of $67 million USD and no debt (this does not include their 44% interest in the Juanaciupio mine balance). They should make another $70+ million in profit in 2024.

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Comment by Gangsterme on Mar 19, 2024 8:49am

And just think what the PE will be as the price of silver increases. Unless you believe interest rates will increase, there is little chance that the price of silver will fall far from the present value. This stock is protected on the downside and has huge upside potential l

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