August 23, 2021 (Investorideas.com Newswire) A Stifel report famous MAG Silver “calls for a better premium given its ‘royalty-like’ construction and powerful, near-term-free money move.”
In a July 28 analysis observe, Stifel analyst Stephen Soock reported that the brand new mill being constructed at MAG Silver Corp.’s (MAG:TSX; MAG:NYSE American) Juanicipio three way partnership mission with Fresnillo must be prepared for the deliberate This autumn/21 commissioning.
Additionally, Soock highlighted that MAG ought to rerate and can seemingly start paying a dividend as soon as industrial manufacturing on the new Juanicipio plant will get underway. Presently, the corporate’s inventory is buying and selling at about CA$24 per share, and Stifel’s goal worth on it’s CA$29 per share.
MAG “calls for a better premium given its ‘royalty-like’ construction and powerful, near-term free money move,” Soock wrote.
He described the standing of improvement work on the plant, the place all main gear is in place. Preliminary development of the tailings dam has been resequenced and resized. In progress are development of the superb ore bin, cladding of the constructing’s exterior, and preparation of the stopes for full manufacturing.
Whereas development continues on the mission, Soock identified, the Juanicipio deposit continues to develop by way of drilling. The newly found mineralized vein community might result in extra discoveries.
“We consider there are extra financial ore deposits on the three way partnership floor, the worth of which can be realized available in the market as Juanicipio comes into manufacturing (on the finish of 2021) and focus shifts to regional exploration,” the analyst added.
Soock additionally reported that in Q2/21, Juanicipio produced a complete of 435,000 ounces of silver and 787 ounces of gold from ore processed on the close by Fresnillo plant. Manufacturing fell in need of Stifel’s estimate as a result of barely fewer tonnes had been processed. Till the Juanicipio plant is commissioned, ore processing on the mission will proceed at Fresnillo’s plant.
Stifel charges MAG Silver Purchase.
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