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What happened, with direct paths to the underlying reporting
- MAG reported adjusted EPS of 14 cents, a 180% increase from the year-ago quarter. - The company's principal asset is the Juanicipio Project in Mexico, with 44% ownership. - Production costs increased to $37 million, driven by higher volume and operational ramp-up. - MAG expects Juanicipio to produce between 14.3 million and 15.8 million silver ounces in 2024. - Sales were recorded at $124 million, a 140% increase from the year-ago quarter. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Industry News
- MAG reported adjusted EPS of 14 cents, a 180% increase from the year-ago quarter.
- The company's principal asset is the Juanicipio Project in Mexico, with 44% ownership.
- Production costs increased to $37 million, driven by higher volume and operational ramp-up.
- MAG expects Juanicipio to produce between 14.3 million and 15.8 million silver ounces in 2024.
- Sales were recorded at $124 million, a 140% increase from the year-ago quarter.
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