MAG Silver Corp (MAG) - Net Assets

Latest as of June 2025: CA$618.49 Million CAD ≈ $447.41 Million USD

Based on the latest financial reports, MAG Silver Corp (MAG) has net assets worth CA$618.49 Million CAD (≈ $447.41 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 (CA$641.97 Million ≈ $464.39 Million USD) and total liabilities (CA$23.47 Million ≈ $16.98 Million USD). 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. Check MAG Silver Corp liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CA$618.49 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. Also explore MAG Silver Corp balance sheet assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see MAG stock market capitalisation.

Year Net Assets Change
2024-12-31 CA$591.33 Million
≈ $427.76 Million		 +16.69%
2023-12-31 CA$506.76 Million
≈ $366.58 Million		 +26.15%
2022-12-31 CA$401.70 Million
≈ $290.58 Million		 +9.30%
2021-12-31 CA$367.52 Million
≈ $265.86 Million		 +16.06%
2020-12-31 CA$316.67 Million
≈ $229.07 Million		 +47.12%
2019-12-31 CA$215.25 Million
≈ $155.71 Million		 +0.64%
2018-12-31 CA$213.88 Million
≈ $154.72 Million		 -2.89%
2017-12-31 CA$220.24 Million
≈ $159.32 Million		 +25.19%
2016-12-31 CA$175.92 Million
≈ $127.26 Million		 +14.13%
2015-12-31 CA$154.14 Million
≈ $111.50 Million		 -6.74%
2014-12-31 CA$165.29 Million
≈ $119.57 Million		 +63.04%
2013-12-31 CA$101.38 Million
≈ $73.34 Million		 -21.55%
2012-12-31 CA$129.24 Million
≈ $93.49 Million		 +28.53%
2011-12-31 CA$100.55 Million
≈ $72.73 Million		 -7.55%
2010-12-31 CA$108.76 Million
≈ $78.68 Million		 +39.60%
2009-12-31 CA$77.91 Million
≈ $56.36 Million		 +1.25%
2008-12-31 CA$76.95 Million
≈ $55.66 Million		 -9.74%
2007-12-31 CA$85.25 Million
≈ $61.67 Million		 +434.81%
2006-12-31 CA$15.94 Million
≈ $11.53 Million		 +4.70%
2005-12-31 CA$15.22 Million
≈ $11.01 Million		 +88.44%
2004-12-31 CA$8.08 Million
≈ $5.84 Million		 +25.82%
2003-12-31 CA$6.42 Million
≈ $4.64 Million		 +2794.50%
2002-12-31 CA$221.84K
≈ $160.48K		 +264.55%
2001-12-31 CA$60.85K
≈ $44.02K		 --

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 2824373512.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CA$618.98 Million 104.68%
Other Components CA$782.00K 0.13%
Total Equity CA$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
Zhejiang Weixing New Building Materials Co Ltd
SHE:002372
 $2.58 Billion
Koninklijke BAM Groep NV
AS:BAMNB
 $2.58 Billion
CN LGY.PWR.GR.UNSP.ADR/10
F:6WX0
 $2.58 Billion
Beijing Worldia Diamond Tools Co Ltd
SHG:688028
 $2.58 Billion
CleanSpark Inc
NASDAQ:CLSK
 $2.58 Billion
Maple Leaf Foods Inc.
TO:MFI
 $2.58 Billion
Ero Copper Corp
TO:ERO
 $2.57 Billion
Intuitive Machines Inc.
NASDAQ:LUNR
 $2.57 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 77,779,000 contributed positively to equity growth.
  • Share repurchases of 2,548,000 reduced equity.
  • Other comprehensive income decreased equity by 21,544,999.
  • Other factors increased equity by 30,889,999.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CA$77.78 Million +13.15%
Share Repurchases CA$2.55 Million -0.43%
Other Comprehensive Income CA$-21.54 Million -3.64%
Other Changes CA$30.89 Million +5.22%
Total Change CA$- 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: 6.01x
  • 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 1694.93x to 6.01x 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 CA$0.02 CA$34.38 x
2002-12-31 CA$0.06 CA$34.38 x
2003-12-31 CA$0.44 CA$34.38 x
2004-12-31 CA$0.32 CA$34.38 x
2005-12-31 CA$0.54 CA$34.38 x
2006-12-31 CA$0.43 CA$34.38 x
2007-12-31 CA$2.01 CA$34.38 x
2008-12-31 CA$1.58 CA$34.38 x
2009-12-31 CA$1.58 CA$34.38 x
2010-12-31 CA$2.06 CA$34.38 x
2011-12-31 CA$1.81 CA$34.38 x
2012-12-31 CA$2.26 CA$34.38 x
2013-12-31 CA$1.69 CA$34.38 x
2014-12-31 CA$2.58 CA$34.38 x
2015-12-31 CA$2.23 CA$34.38 x
2016-12-31 CA$2.24 CA$34.38 x
2017-12-31 CA$2.71 CA$34.38 x
2018-12-31 CA$2.50 CA$34.38 x
2019-12-31 CA$2.50 CA$34.38 x
2020-12-31 CA$3.48 CA$34.38 x
2021-12-31 CA$3.85 CA$34.38 x
2022-12-31 CA$4.08 CA$34.38 x
2023-12-31 CA$4.94 CA$34.38 x
2024-12-31 CA$5.72 CA$34.38 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): 13.15%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 83.75%
  • • Asset Turnover: 0.15x
  • • Equity Multiplier: 1.03x
  • Recent ROE (13.15%) is above the historical average (-20.70%), 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 CA$-181.74K
2002 -35.11% 0.00% 0.00x 1.17x CA$-100.08K
2003 -10.06% 0.00% 0.00x 1.02x CA$-1.29 Million
2004 -7.56% 0.00% 0.00x 1.01x CA$-1.42 Million
2005 -10.24% 0.00% 0.00x 1.02x CA$-3.08 Million
2006 -20.81% 0.00% 0.00x 1.02x CA$-4.91 Million
2007 -9.65% 0.00% 0.00x 1.01x CA$-16.75 Million
2008 -6.27% 0.00% 0.00x 1.02x CA$-12.52 Million
2009 -16.54% 0.00% 0.00x 1.01x CA$-20.67 Million
2010 -11.79% 0.00% 0.00x 1.02x CA$-23.70 Million
2011 -8.05% 0.00% 0.00x 1.03x CA$-18.14 Million
2012 -9.53% 0.00% 0.00x 1.01x CA$-25.24 Million
2013 -28.97% 0.00% 0.00x 1.05x CA$-39.51 Million
2014 -9.76% 0.00% 0.00x 1.03x CA$-32.66 Million
2015 -10.92% 0.00% 0.00x 1.04x CA$-32.24 Million
2016 -31.75% 0.00% 0.00x 1.01x CA$-73.44 Million
2017 -2.95% 0.00% 0.00x 1.01x CA$-28.52 Million
2018 -2.71% 0.00% 0.00x 1.02x CA$-27.19 Million
2019 -2.06% 0.00% 0.00x 1.02x CA$-25.95 Million
2020 -2.24% 0.00% 0.00x 1.02x CA$-38.76 Million
2021 1.64% 0.00% 0.00x 1.01x CA$-30.73 Million
2022 4.39% 43.28% 0.10x 1.02x CA$-22.53 Million
2023 9.60% 74.75% 0.13x 1.03x CA$-2.02 Million
2024 13.15% 83.75% 0.15x 1.03x CA$18.65 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: $19,964,094
  • Average return on equity (ROE) among peers: -15.78%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
MAG Silver Corp (MAG) CA$618.49 Million -288.66% 0.04x $2.58 Billion
Silver Mountain Resources Inc (AGMR) $25.12 Million -20.95% 0.10x $158.25 Million
Americore Resources Corp. (AMCO) $6.59 Million -26.65% 0.01x $7.47 Million
Apollo Silver Corp (APGO) $6.20 Million -25.19% 0.02x $136.66 Million
Aya Gold & Silver Inc (AYA) $140.00 Million -0.22% 0.15x $2.57 Billion
Hercules Metals Corp. (BIG) $239.10K -17.19% 0.13x $129.75 Million
Bunker Hill Mining Corp. (BNKR) $-56.07 Million 0.00% 0.00x $307.44 Million
Dolly Varden Silver Corporation (DV) $12.26 Million -39.21% 0.09x $247.21 Million
Endeavour Silver Corp. (EDR) $55.95 Million -6.36% 0.12x $2.67 Billion
Excellon Resources Inc. (EXN) $-620.09K 0.00% 0.00x $12.37 Million
Guanajuato Silver Company Ltd (GSVR) $9.97 Million -22.08% 0.03x $317.06 Million

About MAG Silver Corp

TO:MAG Canada Silver
Market Cap
$2.58 Billion
CA$3.56 Billion CAD
Market Cap Rank
#5403 Global
#179 in Canada
Share Price
CA$34.38
Change (1 day)
+2.90%
52-Week Range
CA$20.56 - CA$34.38
All Time High
CA$34.38
Categories
Companies in Canada Silver
About

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 incorporated in 1999… Read more