MAG Silver: Summary of Financial Results and Update on Exploration at All Three Projects

Precious metals producer MAG Silver reported a net profit of $48.7 million for the year ended December 31, 2023, which is attributable to income from Juanicipio (accounted for using the equity method) of $65.1 million and adjusted EBITDA of $97.5 million. Q4 cash costs were $3.76 per silver ounce sold and AISC was $9.17 per silver ounce sold, which are very good values in the industry. Juanicipio, Larder and Deer Trail were drilled in 2023 and will be drilled in 2024. Further details can be found in the video.