MAG Silver Corp traded at 34.38 this Friday September 5th, increasing 0.97 or 2.90 percent since the previous trading session. Looking back, over the last four weeks, MAG Silver gained 15.18 percent. Over the last 12 months, its price rose by 116.36 percent. Looking ahead, we forecast MAG Silver Corp to be priced at 33.55 by the end of this quarter and at 31.17 in one year, according to Trading Economics global macro models projections and analysts expectations.
MAG Silver Corp. is a Canadian exploration company. The Company is focused on advancing high-grade, district scale precious metals projects in the Americas. Its principal focus and asset are the 4,000 tons per day Juanicipio Project (44%), operated by Fresnillo Plc (56%). The project is located in the Fresnillo Silver Trend in Mexico. Its Cinco de Mayo Property is located approximately 190 kilometers northwest of the city of Chihuahua, in northern Chihuahua State, Mexico, and cover approximately 25,113 hectares. The project consists of four mineralized zones: the Upper Manto silver-lead-zinc inferred resource; the Pegaso deep discovery; the Pozo Seco high grade molybdenum-gold resource, and the surrounding Cinco de Mayo exploration area. The Company is also executing multi-phase exploration programs at the Deer Trail 100% earn-in Project in Utah and the Larder Project, located in the historically prolific Abitibi region of Canada.