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The company may no longer be operating, as it has been acquired. Find out why through their latest events.

MAG Silver Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

TSX:MAG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
02 Jun 25	SellCA$183,116,658	Industrias Peñoles, S.A.B. de C.V.	Company		7,371,340	CA$27.14
12 Dec 24	SellCA$1,094,100	George Paspalas	Individual		50,024	CA$21.87

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MAG?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	1,000	0.000965%
Private Companies	11,085	0.0107%
Public Companies	2,374,853	2.29%
General Public	19,459,696	18.8%
Institutions	81,816,659	78.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 61.14% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.7%	BlackRock, Inc.	11,129,867	CA$382.6m	0%	no data
7.52%	First Eagle Investment Management, LLC	7,799,692	CA$268.2m	0.11%	0.21%
7.27%	Van Eck Associates Corporation	7,533,470	CA$259.0m	-9.97%	0.15%
4.16%	Glazer Capital, LLC	4,308,334	CA$148.1m	0%	5.83%
3.01%	Goldman Sachs Group, Investment Banking and Securities Investments	3,120,471	CA$107.3m	319%	0.03%
2.83%	Mirae Asset Global Investments Co., Ltd.	2,929,391	CA$100.7m	19.3%	0.06%
2.63%	Balyasny Asset Management L.P.	2,722,822	CA$93.6m	0%	0.15%
2.46%	Alpine Associates Management Inc.	2,545,149	CA$87.5m	0%	6.19%
2.29%	Industrias Peñoles, S.A.B. de C.V.	2,374,853	CA$81.6m	-74.5%	no data
2.23%	Tidal Investments LLC	2,313,359	CA$79.5m	-10.1%	0.33%
1.7%	Jupiter Fund Management Plc	1,758,202	CA$60.4m	-24%	0.11%
1.44%	UBS Asset Management AG	1,490,617	CA$51.2m	523%	no data
1.39%	AQR Capital Management, LLC	1,445,955	CA$49.7m	0%	0.03%
1.39%	RBC Global Asset Management Inc.	1,440,852	CA$49.5m	2.68%	0.02%
1.25%	Qube Research & Technologies Ltd	1,293,358	CA$44.5m	925%	0.05%
1.2%	AllianceBernstein L.P.	1,242,535	CA$42.7m	4,900%	0.01%
1.16%	Morgan Stanley, Investment Banking and Brokerage Investments	1,206,466	CA$41.5m	151%	no data
0.93%	Woodline Partners LP	966,000	CA$33.2m	0%	0.12%
0.92%	Grantham Mayo Van Otterloo & Co. LLC	958,878	CA$33.0m	0%	0.05%
0.92%	Bank of America Corporation, Asset Management Arm	949,909	CA$32.7m	1,200%	0.01%
0.84%	Sprott Inc.	874,533	CA$30.1m	-61.8%	0.55%
0.75%	CM-CIC Asset Management SA	777,180	CA$26.7m	0%	0.11%
0.73%	Millennium Management LLC	755,358	CA$26.0m	-8.71%	0.01%
0.71%	CI Global Asset Management	739,608	CA$25.4m	5.28%	0.03%
0.68%	Commodity Capital AG	700,000	CA$24.1m	0%	11.77%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/09/10 10:43
End of Day Share Price	2025/09/05 00:00
Earnings	2025/06/30
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MAG Silver Corp. is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Nicolas Dion	Cormark Securities Inc.
null null	Cormark Securities Inc.
Eric Zaunscherb	Haywood Securities Inc.