From GlobeNewswire: 2025-03-24 07:00:00

MAG Silver Corp reported net income of $77,779, with an adjusted EBITDA of $186,734 for the year ended December 31, 2024. The company paid an inaugural dividend of $26,400, with a total capital return of $123,776 from the Juanicipio mine. Silver production at Juanicipio is forecasted to range between 14.7 million and 16.7 million ounces in 2025.

In 2024, Juanicipio achieved silver production and equivalent silver production of 18.6 and 26.8 million ounces, respectively. The mine generated strong operating cash flow and free cash flow of $356,691 and $292,349, respectively. Silver metallurgical recovery at Juanicipio improved to 93%, up from 87% in 2023.

MAG’s consolidated financial results for the year ended December 31, 2024, showed a net income of $77,779. The company had working capital of $160,113 at the end of 2024, with no long-term debt. MAG’s 44% share of net income from its equity accounted investment in Juanicipio was $92,875.

The company intends to declare a fixed quarterly dividend of $0.02 per share, with additional cash flow linked dividends. MAG’s joint venture interest in the Juanicipio Mine, operated by Fresnillo plc, is a key driver of its growth as a primary silver mining company. The company is also engaged in exploration projects in Utah and Canada.



Read more at GlobeNewswire:: MAG Silver Reports 2024 Annual Financial Results