Trade MAG Silver Corp. - MAG CFD

MAG Silver Corp. Company profile

About MAG Silver Corp

MAG Silver Corp. is a Canada-based development and exploration company. The Company is focused on acquiring, exploring, and developing high-grade, district-scale projects located primarily in the Americas. The Company's projects include Juanicipio Property and Cinco De Mayo Property. The Company holds 44% interest in the Juanicipio project, which is located in the Fresnillo Silver Trend in Mexico and developing an underground mine and constructing approximately 4,000 tons per day processing plant. The Cinco de Mayo Property is located approximately 190 kilometres northwest of the city of Chihuahua, in northern Chihuahua State, Mexico, and cover approximately 25,113 hectares. The project consists of mineralized zones, including the Upper Manto silver-lead-zinc inferred resource, the Pegaso deep discovery, the Pozo Seco high grade molybdenum-gold resource and the surrounding Cinco de Mayo exploration area.

Financial summary

BRIEF: For the nine months ended 30 September 2021, MAG Silver Corp revenues was not reported. Net loss decreased 81% to $2.6M. Lower net loss reflects INCOME (LOSS) FROM EQUITY INVESTMENT IN increase from $3.4M (expense) to $6.9M (income), Legal decrease of 56% to $157K (expense), Foreign exchange loss (gain) increase from $49K (expense) to $114K (income). Basic Earnings per Share excluding Extraordinary Items increased from -$0.16 to -$0.03.

Equity composition

10/07, Exchange changed from TSX Venture Exchange to Toronto Stock Exchange.