07:16 AM EDT, 08/11/2025 (MT Newswires) -- MAG Silver ( MAG ) was at last look up more than 1% at a 52-week high in U.S. pre-market trading after reporting on Monday a surge in net income, driven by contributions from the Juanicipio mine.

Net income rose to US$33.4 million or US$0.32 per share, from US$21.6 million or US$0.21 per share.

Sales came in at US$186.5 million, up from US$167.1 million. Adjusted EBITDA was US$56.4 million, rising from US$50.4 million.

The company mined 355,785 tonnes of ore, up 2% due to access to the full strike length of the deposit and the operational ramp-up of the mine toward steady state mining and milling targets.

The company processed 342,515 tonnes of ore through the Juanicipio plant, also 2% higher due to an increase in availability of the Juanicipio processing plant.

Separately, MAG declared a fixed dividend of US$0.02 per share and an additional cash flow linked dividend of US$0.124 per share, or approximately 30% of the US$40.9 million free cash flow generated by Juanicipio attributable to MAG, for a total dividend of US$0.144 per share.

The dividend is payable Sept. 1 to shareholders of record as of Aug. 18.

"By combining a fixed dividend with a performance-linked top-up, we are directly linking returns to our results, giving shareholders clear participation in our success while maintaining the flexibility to fund growth and sustain future returns," said George Paspalas, MAG's president and CEO.