- MAG Silver press release (TSX:MAG:CA): Q1 GAAP EPS of $0.14.
- Revenue of $123.69M (+140.3% Y/Y).
- Adjusted EBITDA of $32.45M for the three months ended March 31, 2024.
- A total of 325,683 tonnes of ore at a silver head grade of 476 grams per tonne (equivalent silver head grade 713 g/t), was processed at Juanicipio during Q1 2024.
- Juanicipio achieved silver production and equivalent silver production of 4.5 and 6.4 million ounces, respectively, during Q1 2024.
- Juanicipio generated strong operating cash flow of $42.52M and free cash flow of $27.82M in the first quarter of 2024 after tax payments of $25.77M.
- Outlook: MAG announced 2024 production and cost guidance with Juanicipio expected to produce between 14.3 million and 15.8 million silver ounces yielding between 13.2 million and 14.6 million payable silver ounces at all-in sustaining costs of between $9.50 and $10.50 per silver ounce sold. Juanicipio remains on track to achieve 2024 guidance.
MAG Silver GAAP EPS of $0.14 misses by $0.05, revenue of $123.69M; resffirms FY24 outlook
