The Globe and Mail reports in its Tuesday, June 20, edition that Canaccord Genuity analyst Lucas Pamatat has assumed coverage of Mag Silver with a "speculative buy" recommendation. The Globe's David Leeder writes that Mr. Pamatat reaffirmed the firm's $26 share target. Mr. Pamatat says he is impressed by "the scale, strong local partner, and exploration potential" of Mag Silver's 44-per-cent-owned Juanicipio project in Mexico. Mr. Pamatat says in a note: "Once at full capacity, we forecast Juanicipio will be one of the largest and highest grade primary silver mines in the world, driven by 600 grams per ton or more AgEq [silver equivalent] mill grades. We project Juanicipio to operate at its full nameplate capacity of 4ktpd in 2024, driving annual payable production of 19Moz Ag (35Moz AgEq) per year at co-product AISC of $10.50/oz AgEq until 2038. On our current price deck, this generates annual attributable FCF for MAG of $160-million (U.S.), a 13-per-cent yield. JV partner and operator Fresnillo, based in Mexico City, is the world's largest producer of silver and has a strong history of operating in Mexico. We view the expertise of a strong local partner like Fresnillo to be invaluable in Mexico."