Fresnillo plc

MAG Silver Reports Preliminary 2024 Juanicipio Guidance

Retrieved on: 
Tuesday, March 5, 2024

VANCOUVER, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, “MAG Silver”, or the “Company”) reports preliminary 2024 guidance for the high-grade Juanicipio Mine jointly owned by Fresnillo plc (“Fresnillo”) (56%) and MAG (44%).

Key Points: 
  • VANCOUVER, British Columbia, March 05, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, “MAG Silver”, or the “Company”) reports preliminary 2024 guidance for the high-grade Juanicipio Mine jointly owned by Fresnillo plc (“Fresnillo”) (56%) and MAG (44%).
  • Robust silver head grade: As reported by Fresnillo, the project operator, silver head grade at Juanicipio is expected to range between 380 grams per tonne (g/t) and 420 g/t for 2024, translating to significant silver production potential.
  • Technical report on track: MAG remains on schedule to publish its updated technical report by the end of Q1 2024, providing more definitive guidance and solidifying our outlook for the Juanicipio Mine
    “Following a very successful start-up and ramp-up phase in 2023, the Juanicipio Mine is now operating at steady-state with robust silver grades and operations beginning to benefit from increasing efficiencies,” said George Paspalas, President and CEO of MAG.
  • “With the release of our updated technical report on the horizon, we're eager to paint an even clearer picture of the exciting future ahead for Juanicipio and MAG Silver.”

MAG Announces Fourth Quarter and 2023 Production From Juanicipio

Retrieved on: 
Wednesday, January 24, 2024

VANCOUVER, British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the fourth quarter (“Q4”) and year ended December 31, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the fourth quarter (“Q4”) and year ended December 31, 2023.
  • Robust production: Juanicipio produced 4.5 million silver ounces and 10,591 gold ounces in Q4.
  • Processing growth: Juanicipio processed a total of 1,268,756 tonnes of mineralized material in 2023, exceeding expectations and achieving guidance of reaching nameplate during Q3 2023.
  • The average silver head grade for the quarter was 467 g/t, marginally below the previous quarter as mining sequenced through lower grade.

Coeur Announces Agreement to Acquire Concessions Near the Palmarejo Mine from Fresnillo

Retrieved on: 
Monday, November 20, 2023

Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that its subsidiary, Coeur Mexicana, S.A. de C.V., has signed a purchase agreement with a subsidiary of Fresnillo plc (“Fresnillo”) to acquire mining concessions adjacent to the Palmarejo gold-silver complex located in the state of Chihuahua, Mexico.

Key Points: 
  • Coeur Mining, Inc. (“Coeur” or the “Company”) (NYSE: CDE) today announced that its subsidiary, Coeur Mexicana, S.A. de C.V., has signed a purchase agreement with a subsidiary of Fresnillo plc (“Fresnillo”) to acquire mining concessions adjacent to the Palmarejo gold-silver complex located in the state of Chihuahua, Mexico.
  • View the full release here: https://www.businesswire.com/news/home/20231120902019/en/
    Together, the concessions comprise nearly 7,000 acres and include claims adjacent to two primary zones within Palmarejo’s existing footprint as shown in yellow on the map below.
  • The first set of concessions cover the southeast extensions of the Independencia and Nacion deposits where mining currently takes place.
  • The second set of concessions, located to the northeast, surrounds multiple targets containing mineralization and historic resources that were added through the 2015 acquisition of Paramount Gold and Silver.

MAG Announces Third Quarter Production From Juanicipio

Retrieved on: 
Wednesday, October 25, 2023

VANCOUVER, British Columbia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the third quarter (“Q3”) ended September 30, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Oct. 25, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the third quarter (“Q3”) ended September 30, 2023.
  • This transition had a direct impact on total milling and, consequently, overall production for the quarter.
  • As reported to MAG by the project operator Fresnillo, a total of 322,249 tonnes of mineralized material was processed across the Juanicipio and Saucito plants.
  • Preliminary production estimates for the quarter, before any adjustments from offtake agreements, totaled 4.8 million silver ounces and 9,444 gold ounces.

Hyperspectral Alteration Studies are Underway on the Coneto Gold-Silver Project in Durango State, Mexico

Retrieved on: 
Thursday, September 14, 2023

VANCOUVER, BC, Sept. 14, 2023 /PRNewswire/ - Orex Minerals Inc. (the "Company" or "Orex") (TSXV: REX) (OTCQB: ORMNF) is pleased to announce that hyperspectral alteration studies are now underway on the Coneto Gold-Silver Project in central Durango State, Mexico.

Key Points: 
  • VANCOUVER, BC, Sept. 14, 2023 /PRNewswire/ - Orex Minerals Inc. (the "Company" or "Orex") (TSXV: REX) (OTCQB: ORMNF) is pleased to announce that hyperspectral alteration studies are now underway on the Coneto Gold-Silver Project in central Durango State, Mexico.
  • The Coneto Project is operated by Exploraciones y Desarrollos Mineros Coneto SAPI de CV, a joint venture between Orex Minerals Inc. (45%) and Fresnillo plc (55%).
  • Orex's President & CEO, Ben Whiting, P.Geo., said; "This is a positive step in the advancement of the Coneto Project.
  • An understanding of the alteration of host rocks, due to hydrothermal fluid flow, is important for identifying feeder systems for the gold and silver mineralization."

MAG Announces Second Quarter Production From Juanicipio

Retrieved on: 
Wednesday, July 26, 2023

VANCOUVER, British Columbia, July 26, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the second quarter (“Q2”) ended June 30, 2023.

Key Points: 
  • VANCOUVER, British Columbia, July 26, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from Juanicipio (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the second quarter (“Q2”) ended June 30, 2023.
  • Q2 marked a transformational quarter for Juanicipio.
  • Ramp up of milling activities have been progressing to plan with Juanicipio declaring commercial production during the quarter and achieving increased production of all metals, with the most noteworthy being a 134% increase in silver production relative to the first quarter.
  • We are very encouraged with the steady progress of mining and milling performance at Juanicipio throughout the ramp-up period” said George Paspalas, MAG Silver’s President and CEO.

Juanicipio Achieves Commercial Production

Retrieved on: 
Monday, June 5, 2023

VANCOUVER, British Columbia, June 05, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to announce that commercial production has been achieved at the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) effective June 1, 2023.

Key Points: 
  • VANCOUVER, British Columbia, June 05, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to announce that commercial production has been achieved at the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) effective June 1, 2023.
  • Following a successful commissioning period, the Juanicipio mine, processing facility and other vital systems are operating in line with, or rapidly approaching design capacity.
  • All major construction activities have now been completed and Juanicipio is demonstrating its ability to sustain ongoing production levels.
  • “Reaching this important milestone of commercial production at Juanicipio completes our transformation from developer to producer,” said George Paspalas, President and CEO of MAG Silver.

MAG Silver Strengthens Management Team

Retrieved on: 
Monday, May 1, 2023

VANCOUVER, British Columbia, May 01, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to announce the appointment of Gary Methven as Vice President: Technical Services effective May 1, 2023, and the promotion of Jill Neff to Vice President: Governance and Company Secretary effective immediately.

Key Points: 
  • VANCOUVER, British Columbia, May 01, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to announce the appointment of Gary Methven as Vice President: Technical Services effective May 1, 2023, and the promotion of Jill Neff to Vice President: Governance and Company Secretary effective immediately.
  • His expertise includes deep-level underground precious-metal mining, long-term mine planning, project management and consulting.
  • Prior to joining MAG, Mr. Methven held several operational and consulting positions at AMC Mining Consultants (Canada), Newmont Australia, Hatch Africa, Gold Fields and Anglo American.
  • Ms. Neff has been with MAG since 2021 and has over 18 years’ experience in corporate governance, corporate secretarial duties, corporate law and securities regulation.

MAG Silver Reports First Quarter Production From Juanicipio

Retrieved on: 
Wednesday, April 26, 2023

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the first quarter (“Q1”) ending March 31, 2023.

Key Points: 
  • VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) reports production from the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the first quarter (“Q1”) ending March 31, 2023.
  • March 2023 marked a significant achievement for Juanicipio as it produced and sold its first commercial lead and zinc concentrates.
  • Total Juanicipio production for Q1 based on provisional estimates before offtake agreement adjustments, totaled 2,249 thousand silver ounces and 6,047 gold ounces.
  • “With the initial concentrate shipments behind us our attention is now on achieving commercial production at Juanicipio.

Juanicipio Ships First Commercial Concentrates

Retrieved on: 
Thursday, April 20, 2023

VANCOUVER, British Columbia, April 20, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) is pleased to announce that it has been informed by Fresnillo Plc (“Fresnillo”), the operator of the Juanicipio Mine (“Juanicipio”) (56% Fresnillo / 44% MAG), that concentrate production at the high-grade Juanicipio Mine has commenced with the shipment of its first commercial lead and zinc concentrates in late March 2023.

Key Points: 
  • VANCOUVER, British Columbia, April 20, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) is pleased to announce that it has been informed by Fresnillo Plc (“Fresnillo”), the operator of the Juanicipio Mine (“Juanicipio”) (56% Fresnillo / 44% MAG), that concentrate production at the high-grade Juanicipio Mine has commenced with the shipment of its first commercial lead and zinc concentrates in late March 2023.
  • Current mill feed is a combination of mineralized material from underground stopes and lower grade stockpiles that were earmarked for commissioning activities.
  • Mining operations continue to perform as planned and will ramp up high grade feed as the plant approaches commercial production and recovery rates are in line with design.
  • Dr. Megaw is not independent as he is an officer and a paid consultant of MAG.