MAG Silver: Highlights of the First Quarter with Production and Cost Guidance for 2024

MAG Silver was able to impress with great quarterly figures and reported a net profit of $14,895 million ($0.14 per share) for Q1-2024. Juanicipio achieved a solid cost performance with cash costs of $2.50 per silver ounce sold ($8.66 per silver equivalent ounce sold) and all-in sustaining costs of $6.11 per silver ounce sold in Q1 2024. Juanicipio's production and cost guidance for 2024 is expected to be between 14.3 million and 15.8 million silver ounces produced at AISC of $9.50 to $10.50 per silver ounce sold. At a silver price of over $30, the margin is huge, so the company offers excellent leverage to the silver price.

Markets:

Related Videos

Gold, Silver, Platinum, Palladium, Stocks: The Next Phase of the Bull Market

Gold, Silver, Platinum, Palladium, Stocks: The Next Phase of the Bull Market

Mining News Flash with Gold Royalty, U.S. GoldMining and MAG Silver

Mining News Flash with Gold Royalty, U.S. GoldMining and MAG Silver

Mining News Flash with IsoEnergy and MAG Silver

Mining News Flash with IsoEnergy and MAG Silver

Silver in Deficit for the 7th Year - When Will it Break Out?

Silver in Deficit for the 7th Year - When Will it Break Out?

MAG Silver: Strong Results in 2024 and Positive Outlook for 2025

MAG Silver: Strong Results in 2024 and Positive Outlook for 2025

Gold - Silver - Uranium: The Commodities Train Picks Up Speed

Gold - Silver - Uranium: The Commodities Train Picks Up Speed

MAG Silver: PDAC Presentation with Deep Dive on Deer Trail, Larder and Juanicipio

MAG Silver: PDAC Presentation with Deep Dive on Deer Trail, Larder and Juanicipio

MAG Silver: Strong Numbers for 2024 - More Exploration at Juanicipio, Larder and Deer Trail in 2025

MAG Silver: Strong Numbers for 2024 - More Exploration at Juanicipio, Larder and Deer Trail in 2025

Mining News Flash with Calibre Mining, Sibanye-Stillwater, MAG Silver and Goldshore Resources

Mining News Flash with Calibre Mining, Sibanye-Stillwater, MAG Silver and Goldshore Resources

MAG Silver: Record Gold Production in 2024 and Outlook for 2025

MAG Silver: Record Gold Production in 2024 and Outlook for 2025

Silver Special: Why 2025 Could be the Year of Breakout and Which Stocks Will Benefit

Silver Special: Why 2025 Could be the Year of Breakout and Which Stocks Will Benefit

MAG Silver: Highlights of the Q3 Results and What's Next in Exploration

MAG Silver: Highlights of the Q3 Results and What's Next in Exploration

Zuri-Invest Night 2024: Panel Discussion with MAG Silver, Allied Gold and Uranium Energy

Zuri-Invest Night 2024: Panel Discussion with MAG Silver, Allied Gold and Uranium Energy

Zuri-Invest Night 2024: Introduction with Jochen Staiger

Zuri-Invest Night 2024: Introduction with Jochen Staiger

Silver Special: The 'Silver Squeeze' as a Possible Scenario

Silver Special: The 'Silver Squeeze' as a Possible Scenario

MAG Silver: CEO on the Exploration Potential on All Projects and the Silver Market

MAG Silver: CEO on the Exploration Potential on All Projects and the Silver Market

Silver Special with the Producers Endeavour Silver and MAG Silver

Silver Special with the Producers Endeavour Silver and MAG Silver

Quarterly Update from Gold Royalty and MAG Silver

Quarterly Update from Gold Royalty and MAG Silver

MAG Silver: Strong First Quarter, Share Buybacks and More Certainty Due to the Technical Report

MAG Silver: Strong First Quarter, Share Buybacks and More Certainty Due to the Technical Report

Mining News Flash with MAG Silver, Vizsla Silver and Cosa Resources

Mining News Flash with MAG Silver, Vizsla Silver and Cosa Resources

More Videos in Gold + Silber + Silver

Mining News Flash with Amex Exploration, Aurania Resources, Gold X2 Mining and Newcore Gold

Mining News Flash with Amex Exploration, Aurania Resources, Gold X2 Mining and Newcore Gold

Fury Gold Mines Makes Major Progress at Eau Claire – New Drilling Results & Environmental Studies

Fury Gold Mines Makes Major Progress at Eau Claire – New Drilling Results & Environmental Studies

Generation Mining: Developing the Marathon Palladium-Platinum-Gold-Copper Project in Canada

Generation Mining: Developing the Marathon Palladium-Platinum-Gold-Copper Project in Canada

Mining News Flash with Gold Royalty, GoGold Resources and Sierra Madre Gold and Silver

Mining News Flash with Gold Royalty, GoGold Resources and Sierra Madre Gold and Silver

Banyan Gold: Re-Rating Potential with Upcoming Resource Update and PEA Later this Year

Banyan Gold: Re-Rating Potential with Upcoming Resource Update and PEA Later this Year

Vizsla Silver is Pushing Ahead with the Development of the Panuco Silver Project

Vizsla Silver is Pushing Ahead with the Development of the Panuco Silver Project

Guanajuato Silver: Consolidating a Silver-Gold District with the Acquisition of the Bolanitos Mine

Guanajuato Silver: Consolidating a Silver-Gold District with the Acquisition of the Bolanitos Mine

Mineros: Mid-Size Gold Producer in Latin America with Growth Projects in the Portfolio

Mineros: Mid-Size Gold Producer in Latin America with Growth Projects in the Portfolio

Fortuna Mining: Strong Quarterly Results and More Good News

Fortuna Mining: Strong Quarterly Results and More Good News

Equinox Gold: Presentation of the Top-Quartile Gold Producer with Upside Potential

Equinox Gold: Presentation of the Top-Quartile Gold Producer with Upside Potential

Discovery Silver: Strong First Quarter and On Track for Full Production in 2026

Discovery Silver: Strong First Quarter and On Track for Full Production in 2026

Endeavour Silver: Presentation of the Silver-Gold Producer in Peru and Mexico with Growth Plans

Endeavour Silver: Presentation of the Silver-Gold Producer in Peru and Mexico with Growth Plans

Mogotes Metals: Update on the Latest and Upcoming Drill Results and the New Projects

Mogotes Metals: Update on the Latest and Upcoming Drill Results and the New Projects

Paramount Gold Nevada: Advancing Two Projects in Oregon and Nevada Towards Development

Paramount Gold Nevada: Advancing Two Projects in Oregon and Nevada Towards Development

Lowell Resources Fund: Insight Into Top Holdings and Which Metals are Currently in Focus

Lowell Resources Fund: Insight Into Top Holdings and Which Metals are Currently in Focus

Upside Gold: New Company with Historic Gold Resource and Drill Program to Update the Resource

Upside Gold: New Company with Historic Gold Resource and Drill Program to Update the Resource

Coppernico Metals: Starting Drill Program at Multiple Promising Targets in Peru in 2026

Coppernico Metals: Starting Drill Program at Multiple Promising Targets in Peru in 2026

Mining News Flash with IsoEnergy, U.S. GoldMining, Gold X2 Mining and Southern Cross Gold

Mining News Flash with IsoEnergy, U.S. GoldMining, Gold X2 Mining and Southern Cross Gold

Cassiar Gold: Advancing Two Gold Projects in Canada Towards Development  - PEA Coming in July

Cassiar Gold: Advancing Two Gold Projects in Canada Towards Development - PEA Coming in July

Cambria Gold: Successful Recapitalization and a High-Grade Gold Project with Development Plans

Cambria Gold: Successful Recapitalization and a High-Grade Gold Project with Development Plans

Commodity-TV

The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!

Commodity-TV

Advertising

News

View all

Short News

View all