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Stock impact report

MAG Silver raised to Buy at Canaccord after strong Q1 production [Seeking Alpha]

MAG Silver Corporation Ordinary Shares (MAG) 
Last mag silver corporation ordinary shares earnings: 11/8 06:37 am Check Earnings Report
US:NASDAQ Investor Relations: magsilver.com/s/investorrelations.asp
Company Research Source: Seeking Alpha
MAG Silver ( MAG ) said the mine processed 325,684 metric tons of ore in Q1, delivering 3,980 tons/day milling performance despite a routine four-day maintenance shutdown during the quarter, driven by strong grades, with the average silver head grade at 476 g/t, marginally higher than the previous quarter. The company said Juanicipio surpassed expectations, with preliminary production estimates of 4.4M silver oz and 9,927 gold oz in Q1. Analysts at Canaccord Genuity upgraded MAG Silver ( MAG ) to Buy from Speculative Buy with a C$22 price target, as Juanicipio's output of 4.4M silver oz came in 20% above its estimates; the mill appears to be operating well, while recoveries continue to trend upward. Recommended For You More Trending News Related Stocks Trending Analysis Trending News Show less Read more
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