MAG Silver (TSE:MAG) has released an update.
MAG Silver Corp. has announced robust financial results for the year ended December 31, 2023, with a reported net income of $48.7 million and an Adjusted EBITDA of $97.5 million, driven by strong performance at the Juanicipio project. The company processed 1.27 million tonnes of mineralized material, resulting in a total silver production of 16.8 million ounces for the year. MAG Silver also highlighted significant cash flow generation, with $145 million in operating cash flow and concluded a $40 million credit facility to support continued growth.
For further insights into TSE:MAG stock, check out TipRanks’ Stock Analysis page.
