NYSE$MAG

MAG Silver Corp · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

MAG Silver reported Q2 2025 net income of $33.4M and diluted EPS of $0.32 on record Juanicipio equity income.

Net income reached a record $33.4 million, or $0.32 per share, driven by equity income from Juanicipio of $42.1 million. The pending Pan American Silver acquisition and dividend program remain focal for shareholders.

  • Q2 net income $33.4M; EPS $0.32.
  • Juanicipio equity income $42.1M.
  • Pan American acquisition expected to close H2 2025.
  • Silver production and dividend linked to JV cash flow.

Headline financials

Total Revenue

$186M

Previous: $0.00
EPS (adj)

$0.32

Previous: $0.21+52.4%
Basic Shares Outstanding

104.5M

No prior period
Diluted Shares Outstanding

104.9M

No prior period
Basic EPS

$0.32

No prior period
Diluted EPS

$0.32

No prior period
Net Income

$33.4M

Previous: $21.6M+54.7%
Operating Income

$33.7M

Previous: -$3.72M+1006.4%

Revenue & EPS history

MAG Silver · Revenue · Quarterly

$186M

Q2 2025

Forward guidance

The quarterly filing discusses operating priorities, liquidity, and sector risks.

Tailwinds

  • MD&A outlines strategic priorities and capital allocation.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year comparability.

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 Q2 2025

Historical avgQ2 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

Earnings price reactions
QuarterReport dateReaction (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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