Met-Mex Peñoles

MAG Silver Reports Second Quarter Financial Results

Retrieved on: 
Tuesday, August 8, 2023

VANCOUVER, British Columbia, Aug. 07, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the Company’s unaudited financial results for the three months ended June 30, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Aug. 07, 2023 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”, or the “Company”) announces the Company’s unaudited financial results for the three months ended June 30, 2023.
  • MAG was included in the NYSE Arca Gold Miners Index which is tracked by the VanEck Vectors Gold Miners ETF (“GDX”) effective June 20, 2023.
  • As reported by the operator, Fresnillo, the Juanicipio operation remains on track to reach nameplate production in Q3 2023.
  • At the end of the quarter, Juanicipio held cash balances of $8,539, flat relative to the first quarter.

MAG Silver Reports Second Quarter Production From Juanicipio

Retrieved on: 
Wednesday, July 27, 2022

VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or the Company) is pleased to report second quarter (Q2) production of underground development and stope material from the Juanicipio Project (56% / 44% Fresnillo plc (Fresnillo) and MAG, respectively).

Key Points: 
  • VANCOUVER, British Columbia, July 27, 2022 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or the Company) is pleased to report second quarter (Q2) production of underground development and stope material from the Juanicipio Project (56% / 44% Fresnillo plc (Fresnillo) and MAG, respectively).
  • Total Juanicipio production for the quarter, based on provisional estimates before offtake agreement adjustments, totaled 2,372,140 silver ounces and 5,609 gold ounces (MAGs attributable 44% interest: 1,043,742 silver ounces and 2,468 gold ounces).
  • The Saucito plant flowsheet better resembles that of the Juanicipio plant and provides valuable metallurgical information as we look forward to production commencement at Juanicipio.
  • At the end of the quarter Juanicipio held cash balances of $37m up from $18m at the end of Q1.

MAG Silver Reports First Quarter Production from Juanicipio

Retrieved on: 
Wednesday, April 27, 2022

VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or MAG Silver) is pleased to report first quarter production of underground development and stope material from the Juanicipio Project (56% / 44% Fresnillo plc (Fresnillo) and MAG Silver, respectively).

Key Points: 
  • VANCOUVER, British Columbia, April 27, 2022 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or MAG Silver) is pleased to report first quarter production of underground development and stope material from the Juanicipio Project (56% / 44% Fresnillo plc (Fresnillo) and MAG Silver, respectively).
  • Total Juanicipio production for the quarter based on provisional estimates before offtake agreement adjustments totaled 2,400,000 silver ounces and 5,837 gold ounces (March 31, 2021: 462,321 silver ounces and 697 gold ounces).
  • MAGs attributable 44% production interest for the quarter based on provisional estimates before offtake agreement adjustments totaled 1,056,000 silver ounces and 2,568 gold ounces (March 31, 2021: 203,421 silver ounces and 307 gold ounces).
  • It is expected these results will provide further valuable metallurgical benefits when production commences at Juanicipio.

MAG Silver Reports Fourth Quarter Production From Juanicipio

Retrieved on: 
Wednesday, January 26, 2022

VANCOUVER, British Columbia, Jan. 26, 2022 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or MAG Silver) is pleased to report fourth quarter production of underground development and stope material from the Juanicipio Project (56% / 44% Fresnillo plc (Fresnillo) and MAG Silver, respectively).

Key Points: 
  • VANCOUVER, British Columbia, Jan. 26, 2022 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or MAG Silver) is pleased to report fourth quarter production of underground development and stope material from the Juanicipio Project (56% / 44% Fresnillo plc (Fresnillo) and MAG Silver, respectively).
  • Total Juanicipio production for the quarter based on provisional estimates before offtake agreement adjustments totaled 1,632,000 silver ounces and 3,985 gold ounces (MAGs attributable 44% interest: 718,080 silver ounces and 1,754 gold ounces).
  • The Saucito plant flowsheet better resembles that of the Juanicipio plant and will provide further valuable metallurgical benefits as production commences at Juanicipio.
  • Construction of the Juanicipio plant was delivered by Fresnillo on schedule during the fourth quarter of 2021.

MAG Silver Reports Pre-Commissioning at Juanicipio and Third Quarter Underground Mine Production

Retrieved on: 
Wednesday, October 27, 2021

VANCOUVER, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or MAG Silver) is pleased to report 2021 third quarter production of underground development material from the Juanicipio Project (56% / 44% Fresnillo plc (Fresnillo) and MAG Silver, respectively).

Key Points: 
  • VANCOUVER, British Columbia, Oct. 27, 2021 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (MAG or MAG Silver) is pleased to report 2021 third quarter production of underground development material from the Juanicipio Project (56% / 44% Fresnillo plc (Fresnillo) and MAG Silver, respectively).
  • Total Juanicipio production for the quarter based on provisional estimates before offtake agreement adjustments, totaled 667,532 silver ounces and 1,107 gold ounces (MAGs attributable 44% interest: 293,714 ounces of silver and 487 ounces of gold).
  • Construction of the Juanicipio processing plant continues to make good progress, with the focus now on transitioning from construction to commissioning activities.
  • Underground mine production of development material commenced in Q3 2020, and an expanded exploration program is in place targeting multiple highly prospective targets at Juanicipio.