MAG Silver (MAG) Q3 2024 earnings summary

Financial highlights

• Net income after tax for Q3 2024 was $22.3 million, up from $8.9 million in Q3 2023.

• EBITDA for Q3 2024 reached $21.99 million, compared to $9.26 million in Q3 2023.

• Adjusted EBITDA attributable to the company from Juanicipio was $55.7 million in Q3 2024, up from $29.9 million in Q3 2023.

• Juanicipio free cash flow for Q3 2024 was $96.95 million, compared to $40.57 million in Q3 2023.

Outlook and guidance

• Expectations include maintaining the 4,000 tpd milling rate at Juanicipio and ongoing exploration and drilling activities.

• Anticipated results from Deer Trail and Larder projects, with continued focus on exploration and development.

• Projected capital and sustaining capital requirements at Juanicipio, with potential for additional cash calls.

Risk factors and uncertainties

• Risks include commodity price volatility, capital cost inflation, supply chain constraints, and geopolitical events.

• Uncertainties related to regulatory approvals, financing, and operational performance at Juanicipio.

• Exposure to environmental, political, and currency risks, as well as pandemic-related disruptions.