Dallas, Texas 01/22/2014 (FINANCIALSTRENDS) – The predevelopment stage silver mining firm MAG Silver Corp (USA) (NYSEMKT:MVG) management presented at the MAG SILVER CORP at Scotiabank Mining Conference on 4th December. They spent time painting the big picture to the assembled investors, on the huge potential their two mining projects at the 44% joint venture at Juanicipio property and the 100%-owned Cinco de Mayo property held to investors. In addition they also highlighted the strong mineral reserves existence they have uncovered in three new sites of Guigui, Salamandra and Batopiles.
George N. Paspalas, the President and Chief Executive Officer of MAG Silver Corp (USA) (NYSEMKT:MVG) highlighted that on completion of the development stage of the mines by 2018, the mining firm would be in a position to extract close to 55 million ounces of silver metal per year.
In their roadmap, the executive team of MAG Silver Corp (USA) (NYSEMKT:MVG) indicated that by sinking in a capital expenditure of close to $302 million during the first three years of development, they would be in a position to develop revenue stream of $267 million after the fourth year of commencement of operations. To arrive at a break even, the mining firm believes that in the first six years of operations, it would have to average 14.3 million ounces of silver production from which it expects to generate a total revenue after tax of $228 million per year.
The management team of MAG Silver Corp (USA) (NYSEMKT:MVG) was at pains to underscore the point that unlike other development stage mining firms, their activities have attracted attention of noted analyst houses like Macquarie Capital Markets, Raymond James, BMO Capital Markets and PI Financial which indicate the tremendous potential their silver mining prospects holds to its potential investors.
Since this investor meet, the stock has posted a significant 32 percent increase in its market valuation.
