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Dec 31, 2024
MAG Silver Q4 2024 Earnings Report
MAG Silver reported a profitable fourth quarter in 2024, with positive earnings driven by equity income from Juanicipio and strong financial discipline.
Key Takeaways
For Q4 2024, MAG Silver posted revenue of $15.19 million and adjusted EPS of $0.18, both calculated as the difference between full-year and nine-month results. Net income reached $18.85 million, reflecting strong equity performance from its associate investment and solid cash generation.
Revenue for Q4 2024 was $15.19M, derived from equity income and financial returns.
Adjusted EPS came in at $0.18, based on the delta between FY and Q3 results.
Net income totaled $18.85M for the quarter.
MAG Silver ended the quarter with $162.35M in cash and cash equivalents.
Forward Guidance
MAG Silver is optimistic about continued contributions from Juanicipio and maintains a strong balance sheet to support future growth initiatives.
Positive Outlook
- Positive equity income from Juanicipio investment.
- Healthy liquidity position with over $162M in cash.
- Adjusted EPS shows consistent profitability.
- Operational stability with no reported impairments.
- Focused capital discipline and exploration strategy.
Challenges Ahead
- Revenue sources are primarily tied to a single associate.
- Limited segment disclosure in financials.
- Exploration costs rising year-over-year.
- Foreign exchange fluctuations impact earnings.
- Market dependency on silver and base metals pricing.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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