MAG Silver Corp
MAG Silver Corp., a mining and exploration company, engages in the acquisition, exploration, and advancement of mineral projects in Canada, the United States, and Mexico. The company explores for silver, gold, lead, copper, and zinc deposits. Its flagship property is the 44% owned Juanicipio mine located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. was founded in 2000 and … Read more
MAG Silver Corp (MAG) - Net Assets
Latest net assets as of June 2025: $619.87 Million USD
Based on the latest financial reports, MAG Silver Corp (MAG) has net assets worth $619.87 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($643.39 Million) and total liabilities ($23.53 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $619.87 Million |
| % of Total Assets | 96.34% |
| Annual Growth Rate | 49.06% |
| 5-Year Change | 86.74% |
| 10-Year Change | 283.63% |
| Growth Volatility | 568.87 |
MAG Silver Corp - Net Assets Trend (2001–2024)
This chart illustrates how MAG Silver Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MAG Silver Corp (2001–2024)
The table below shows the annual net assets of MAG Silver Corp from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $591.33 Million | +16.69% |
| 2023-12-31 | $506.76 Million | +26.15% |
| 2022-12-31 | $401.70 Million | +9.30% |
| 2021-12-31 | $367.52 Million | +16.06% |
| 2020-12-31 | $316.67 Million | +47.12% |
| 2019-12-31 | $215.25 Million | +0.64% |
| 2018-12-31 | $213.88 Million | -2.89% |
| 2017-12-31 | $220.24 Million | +25.19% |
| 2016-12-31 | $175.92 Million | +14.13% |
| 2015-12-31 | $154.14 Million | -6.74% |
| 2014-12-31 | $165.29 Million | +63.04% |
| 2013-12-31 | $101.38 Million | -21.55% |
| 2012-12-31 | $129.24 Million | +28.53% |
| 2011-12-31 | $100.55 Million | -7.55% |
| 2010-12-31 | $108.76 Million | +39.60% |
| 2009-12-31 | $77.91 Million | +1.25% |
| 2008-12-31 | $76.95 Million | -9.74% |
| 2007-12-31 | $85.25 Million | +434.81% |
| 2006-12-31 | $15.94 Million | +4.70% |
| 2005-12-31 | $15.22 Million | +88.44% |
| 2004-12-31 | $8.08 Million | +25.82% |
| 2003-12-31 | $6.42 Million | +2794.50% |
| 2002-12-31 | $221.84K | +264.55% |
| 2001-12-31 | $60.85K | -- |
Equity Component Analysis
This analysis shows how different components contribute to MAG Silver Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 5118873512.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $618.98 Million | 104.68% |
| Other Comprehensive Income | $23.71 Million | 4.01% |
| Other Components | $14.11K | 0.00% |
| Total Equity | $591.33 Million | 100.00% |
MAG Silver Corp Competitors by Market Cap
The table below lists competitors of MAG Silver Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kingboard Holdings Limited
F:KGZ
|
$2.47 Billion |
|
Derwent London PLC
PINK:DWVYF
|
$2.47 Billion |
|
MEG Energy Corp
PINK:MEGEF
|
$2.47 Billion |
|
CleanSpark Inc
NASDAQ:CLSK
|
$2.47 Billion |
|
STRIDE INC. DL -0001
F:0AJ
|
$2.47 Billion |
|
Bestechnic (Shanghai) Co. Ltd. A
SHG:688608
|
$2.47 Billion |
|
Shanghai Pharmaceuticals Holding Co. Ltd
PINK:SHPMF
|
$2.47 Billion |
|
RED ROCK RESORTS A DL-01
F:RRK
|
$2.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MAG Silver Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 506,757,000 to 591,333,000, a change of 84,576,000 (16.7%).
- Net income of 74,045,000 contributed positively to equity growth.
- Share repurchases of 2,548,000 reduced equity.
- Other comprehensive income increased equity by 2,167,886.
- Other factors increased equity by 10,911,114.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $74.05 Million | +12.52% |
| Share Repurchases | $2.55 Million | -0.43% |
| Other Comprehensive Income | $2.17 Million | +0.37% |
| Other Changes | $10.91 Million | +1.85% |
| Total Change | $- | 16.69% |
Book Value vs Market Value Analysis
This analysis compares MAG Silver Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.31x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1206.37x to 4.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $0.02 | $24.47 | x |
| 2002-12-31 | $0.06 | $24.47 | x |
| 2003-12-31 | $0.29 | $24.47 | x |
| 2004-12-31 | $0.32 | $24.47 | x |
| 2005-12-31 | $0.54 | $24.47 | x |
| 2006-12-31 | $0.43 | $24.47 | x |
| 2007-12-31 | $2.01 | $24.47 | x |
| 2008-12-31 | $1.58 | $24.47 | x |
| 2009-12-31 | $1.58 | $24.47 | x |
| 2010-12-31 | $2.06 | $24.47 | x |
| 2011-12-31 | $1.81 | $24.47 | x |
| 2012-12-31 | $2.26 | $24.47 | x |
| 2013-12-31 | $1.69 | $24.47 | x |
| 2014-12-31 | $2.58 | $24.47 | x |
| 2015-12-31 | $2.23 | $24.47 | x |
| 2016-12-31 | $2.24 | $24.47 | x |
| 2017-12-31 | $2.71 | $24.47 | x |
| 2018-12-31 | $2.50 | $24.47 | x |
| 2019-12-31 | $2.50 | $24.47 | x |
| 2020-12-31 | $3.48 | $24.47 | x |
| 2021-12-31 | $3.85 | $24.47 | x |
| 2022-12-31 | $4.08 | $24.47 | x |
| 2023-12-31 | $4.94 | $24.47 | x |
| 2024-12-31 | $5.68 | $24.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MAG Silver Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.52%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 79.73%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.03x
- Recent ROE (12.52%) is above the historical average (-20.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | -288.66% | 0.00% | 0.00x | 1.14x | $-181.74K |
| 2002 | -35.11% | 0.00% | 0.00x | 1.17x | $-100.08K |
| 2003 | -10.06% | 0.00% | 0.00x | 1.02x | $-1.29 Million |
| 2004 | -7.55% | 0.00% | 0.00x | 1.01x | $-1.42 Million |
| 2005 | -10.24% | 0.00% | 0.00x | 1.02x | $-3.08 Million |
| 2006 | -20.81% | 0.00% | 0.00x | 1.02x | $-4.91 Million |
| 2007 | -9.65% | 0.00% | 0.00x | 1.01x | $-16.75 Million |
| 2008 | -6.27% | 0.00% | 0.00x | 1.02x | $-12.52 Million |
| 2009 | -16.54% | 0.00% | 0.00x | 1.01x | $-20.67 Million |
| 2010 | -11.79% | 0.00% | 0.00x | 1.02x | $-23.70 Million |
| 2011 | -8.05% | 0.00% | 0.00x | 1.03x | $-18.14 Million |
| 2012 | -9.53% | 0.00% | 0.00x | 1.01x | $-25.24 Million |
| 2013 | -28.97% | 0.00% | 0.00x | 1.05x | $-39.51 Million |
| 2014 | -9.76% | 0.00% | 0.00x | 1.03x | $-32.66 Million |
| 2015 | -10.92% | 0.00% | 0.00x | 1.04x | $-32.24 Million |
| 2016 | -31.75% | 0.00% | 0.00x | 1.01x | $-73.44 Million |
| 2017 | -2.95% | 0.00% | 0.00x | 1.01x | $-28.52 Million |
| 2018 | -2.71% | 0.00% | 0.00x | 1.02x | $-27.19 Million |
| 2019 | -2.06% | 0.00% | 0.00x | 1.02x | $-25.95 Million |
| 2020 | -2.24% | 0.00% | 0.00x | 1.02x | $-38.76 Million |
| 2021 | 1.64% | 0.00% | 0.00x | 1.01x | $-30.73 Million |
| 2022 | 4.39% | 43.28% | 0.10x | 1.02x | $-22.53 Million |
| 2023 | 9.60% | 74.75% | 0.13x | 1.03x | $-2.02 Million |
| 2024 | 12.52% | 79.73% | 0.15x | 1.03x | $14.91 Million |
Industry Comparison
This section compares MAG Silver Corp's net assets metrics with peer companies in the Silver industry.
Industry Context
- Industry: Silver
- Average net assets among peers: $30,227,989
- Average return on equity (ROE) among peers: -117.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MAG Silver Corp (MAG) | $619.87 Million | -288.66% | 0.04x | $2.47 Billion |
| First Majestic Silver Corp (AG) | $50.25 Million | -10.12% | 1.01x | $10.83 Billion |
| AGAGF (AGAGF) | $54.38K | -665.35% | 1.75x | $39.40 Million |
| Silver Mountain Resources Inc. (AGMRF) | $25.12 Million | -20.95% | 0.10x | $2.33 Million |
| Andean Precious Metals Corp (ANPMF) | $74.24 Million | 61.90% | 0.56x | $59.49 Million |
| Apollo Silver Corp (APGOF) | $-59.64K | 0.00% | 0.00x | $8.38 Million |
| Aya Gold & Silver Inc. (AYASF) | $130.31 Million | 1.07% | 0.20x | $968.26 Million |
| Bald Eagle Gold Corp. (BADEF) | $398.57K | -12.32% | 0.12x | $95.41 Million |
| Bunker Hill Mining Corp (BHLL) | $-6.96 Million | 0.00% | 0.00x | $94.30 Million |
| Canada Silver Cobalt Works Inc (CCWOF) | $2.27 Million | -497.07% | 1.01x | $6.00 Million |
| Dolly Varden Silver Corporation (DOLLF) | $26.66 Million | -27.30% | 0.05x | $118.97 Million |