NYSE$MAG
MAG Silver Corp · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
MAG Silver Q1 2025: record $28.7M net income on Juanicipio equity earnings
MAG Silver reported record first quarter 2025 net income of $28.7 million ($0.28 per share) and adjusted EBITDA of $55.8 million, driven by $33.9 million of equity-accounted income from its 44% stake in the Juanicipio silver-gold mine in Mexico. Juanicipio processed 337,017 tonnes at a silver head grade of 430 g/t and achieved record 96% silver recovery, producing 4.5 million silver ounces (6.5 million equivalent ounces). On a 100% basis Juanicipio generated sales of $175.2 million and net income of $76.9 million. MAG declared its second dividend of $0.20 per share ($0.02 fixed plus $0.18 cash-flow-linked component) payable May 28, 2025, after its inaugural April dividend. In April Juanicipio returned $61.5 million to MAG, fully repaying all loan balances.
- Net income $28.7M ($0.28/share) and adjusted EBITDA $55.8M, both company records.
- Equity income from Juanicipio (44% stake) $33.9M on strong metal prices and recoveries.
- Juanicipio produced 4.5M oz silver at 96% recovery; equivalent production 6.5M oz.
- Second dividend declared at $0.20/share; Juanicipio repaid all MAG loans in April.
- Exploration advanced at Deer Trail (Utah) and Larder (Ontario) with 2025 drill programs planned.
Headline financials
Revenue & EPS history
MAG Silver · Revenue · Quarterly
$186M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 14 quarterly earnings reports · overlaid with Q1 2025
-0.5%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+2.2%
Avg return
30 days after
46%
17 / 37 earnings
Positive
+16.4%
Q1 2020
Best reaction
-16.6%
Q4 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | — | — | — | |
| Q2 2025 | -1.6% | -4.3% | +6.8% | |
| Q1 2025 | -1.8% | +18.1% | +39.1% | |
| Q3 2024 | -2.9% | -1.6% | +0.7% | |
| Q2 2024 | -9.3% | -10.3% | -0.8% | |
| Q1 2024 | +4.3% | +7.6% | -2.0% | |
| Q4 2023 | +4.1% | -0.1% | +32.2% | |
| Q3 2023 | -4.3% | +3.1% | +7.8% | |
| Q2 2023 | +0.6% | +0.9% | -7.9% | |
| Q1 2023 | -13.2% | -9.9% | -6.5% | |
| Q4 2022 | -1.7% | +1.9% | +3.9% | |
| Q3 2022 | -4.4% | -6.5% | -3.2% | |
| Q2 2022 | -1.6% | -9.0% | -10.3% | |
| Q1 2022 | +5.6% | +5.6% | +18.3% | |
| Q4 2021 | +4.1% | -0.7% | -9.0% | |
| Q3 2021 | -4.5% | -11.4% | -29.3% | |
| Q2 2021 | -1.2% | +0.7% | -4.3% | |
| Q1 2021 | +6.5% | — | — | |
| Q4 2020 | +11.5% | — | — | |
| Q3 2020 | -3.2% | — | — | |
| Q2 2020 | +4.6% | — | — | |
| Q1 2020 | +16.4% | — | — | |
| Q4 2019 | -11.2% | — | — | |
| Q3 2019 | +1.0% | — | — | |
| Q2 2019 | -1.7% | — | — | |
| Q1 2019 | +2.7% | — | — | |
| Q4 2018 | -7.8% | — | — | |
| Q4 2017 | +1.1% | — | — | |
| Q2 2015 | +0.3% | — | — | |
| Q1 2015 | +5.1% | — | — | |
| Q4 2015 | -4.5% | — | — | |
| Q4 2013 | -16.6% | — | — | |
| Q3 2013 | +13.7% | — | — | |
| Q2 2011 | -5.6% | — | — | |
| Q4 2010 | +0.7% | — | — | |
| Q3 2010 | -1.7% | — | — | |
| Q2 2010 | +4.8% | — | — | |
| Q1 2010 | -7.4% | — | — |
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