MAG Silver: Record Adjusted EBITDA In Q3, But Still No Shareholder Distributions
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MAG Silver Corp. reported record adjusted EBITDA in Q3 2024, driven by its 44% stake in the Juanicipio silver mine. Despite the strong performance and a 46% stock surge, the company has not announced any shareholder distributions.
November 12, 2024 | 4:30 pm
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MAG Silver Corp. achieved record adjusted EBITDA in Q3 2024, largely due to its stake in the Juanicipio mine. The stock has surged 46% this year, outperforming precious metals ETFs, but no shareholder distributions have been announced.
The record adjusted EBITDA indicates strong financial performance, which has driven a significant stock price increase. However, the lack of shareholder distributions might limit further immediate gains. The stock's outperformance compared to precious metals ETFs suggests positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100