MAG Silver (MAG) Q1 Earnings Beat Estimates, Increase Y/Y
- 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
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