BMO Capital Markets Reiterates Outperform (Speculative) Rating for MAG Silver
In a report published earlier today, BMO Capital Markets reiterated its Outperform (Speculative) rating for MAG Silver Corp. (TSX: MAG), but did not name a price target.
BMO Capital Markets went on to say “We expect that MAG's LOM equity production from Juanicipio could be approximately 74Moz of silver, 223koz of gold, 78kt of lead and 150kt of zinc produced at co-product total cash cost of about US$6.02/oz silver. The project's projected low cash cost comes as a benefit of high recoveries and grades.”
MAG Silver Corp. closed yesterday at $8.89.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.