Post by
Retiredgeo on Aug 02, 2024 6:39am
Press release
Key take aways:
Net income of $0.21 USD/share in Q2 ($21 million USD)
97 million USD in the bank
Grade guidance has increased
No mention of a dividend
No mention of any shares being sold or bought back by the company
AISC of silver = $4.49/oz
Comment by
Speedyg5344 on Aug 02, 2024 9:33am
So 21 US cents or 29 cents Canadian is that all Mag's quarterly net income or do they get 44% of that? Is there a conference call?
Comment by
Retiredgeo on Aug 02, 2024 11:21am
That is MAG's Q2 profit. They have no habit of conference calls. Usually, the put out an interview sometime thenafter on commidity TV (Utube).
Comment by
Speedyg5344 on Aug 02, 2024 4:01pm
Thanks,,,so we are trading at a forward PE of about 15?
Comment by
Retiredgeo on Aug 02, 2024 4:08pm
As of today they are (in USD) 12.68 divided by 0.84 USD/share/year = a PE ratio of 15.09. In my opinion that is low and I'm expecting the share price to get back to $15 USD or higher.