MAG Silver successfully achieved commercial production at its Juanicipio production facility on June 1, slightly exceeding the expectations of various analysts. The joint venture with Fresnillo had $8.5 million in cash at the end of Q1/23, while Juanicipio is now approaching free cash flow generation. In 2024, analysts expect free cash flow to exceed $100 million. Our price target is in line with Cormark Securities' buy recommendation.
MAG Silver Reaches Commercial Production at Juanicipio
02:37 MIN 393
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