MAG Silver Corp. (MAG, Financial) has announced outstanding first-quarter production results from its Juanicipio operation, highlighting its reputation as a premier global silver asset. During this period, the plant maintained consistent milling performance, processing approximately 337,000 tonnes of ore, aligning with 2024's operational levels.
The facility achieved a significant average silver head grade of 430 grams per tonne (g/t), reaching the upper limits of the 2025 guidance. This achievement underscores both the exceptional quality of the Juanicipio deposit and the efficient operational capabilities in place.
Furthermore, the company reported a record silver recovery rate of 96% for the quarter, following metallurgical advancements made in 2024. This impressive recovery rate further solidifies Juanicipio's position as a leader in silver production.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for MAG Silver Corp (MAG, Financial) is $18.82 with a high estimate of $23.64 and a low estimate of $15.16. The average target implies an upside of 24.64% from the current price of $15.10. More detailed estimate data can be found on the MAG Silver Corp (MAG) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, MAG Silver Corp's (MAG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
