MAG Silver Corp.
New York Stock Exchange ArcaCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- George N. Paspalas Acc.Dir, (Chem.)
- Full Time Employees
- 11
- Sector
- Basic Materials
- Industry
- Silver
- Address
- 800 West Pender Street Vancouver BC Canada V6C 2V6
- IPO Date
- Mar 14, 2007
- CIK
- 0001230992
- Website
- magsilver.com
- Similar Companies
- Business
- MAG Silver Corp. is a Canadian mining and exploration company focused on the acquisition, exploration, and development of high-grade, district-scale precious metals projects primarily in the Americas. Its core products include silver, gold, lead, and zinc, with principal revenue generated from the production and sale of these metals. The company notably holds a 44% joint venture interest in the high-grade Juanicipio silver mine located in Zacatecas, Mexico, which is operated by Fresnillo plc. Additionally, MAG Silver wholly owns the Larder exploration project and holds a 100% earn-in interest in the Deer Trail exploration project, both situated in Canada. Founded in 1990 and headquartered in Vancouver, British Columbia, the company targets precious metals markets, industrial users, and investment sectors with its production of high-purity silver bullion and concentrates alongside byproducts gold, lead, and zinc concentrates. In 2025, MAG Silver completed a major strategic transaction through its acquisition by Pan American Silver Corp., a leading silver producer, in a $2.1 billion deal that consolidated the companies' assets and strengthened Pan American's position as a top-tier silver producer globally. This acquisition secured MAG Silver shareholders approximately $500 million in cash plus Pan American Silver shares, consolidating the Juanicipio mine and exploration projects under Pan American's umbrella. This strategic alliance enhances Pan American’s silver reserve base, cash flow prospects, and exploration opportunities, marking a significant operational and ownership shift for MAG Silver. The acquisition also entails ongoing collaboration with Fresnillo to maximize the Juanicipio asset's potential. The deal was completed in the latter half of 2025, following shareholder and regulatory approvals, resulting in MAG Silver shares being delisted from the TSX and NYSE American exchanges. MAG Silver operates primarily within the silver mining industry, focusing on high-grade silver deposits with associated gold, lead, and zinc byproducts. The company executes exploration and development activities in Mexico and Canada, leveraging partnerships like the one with Fresnillo plc. Its projects include production at the Juanicipio silver mine and exploration targets at Larder and Deer Trail, underscoring a commitment to district-scale deposit advancement. The company also emphasizes responsible mining, environmental stewardship, and community engagement within its operational regions. Following its acquisition, MAG Silver is now integrated into Pan American Silver Corp., with its assets contributing to Pan American's broader portfolio in the Americas and globally.
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