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MAG Silver Corp. (MAG)

NYSE American - NYSE American Delayed Price. Currency in USD
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19.13-1.99 (-9.42%)
At close: 4:00PM EST
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Trade prices are not sourced from all markets
Previous Close21.12
Open20.18
Bid19.10 x 900
Ask19.15 x 1000
Day's Range18.70 - 20.58
52 Week Range3.84 - 24.43
Volume1,128,977
Avg. Volume766,090
Market Cap1.834B
Beta (5Y Monthly)1.26
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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Press Releases
  • GlobeNewswire

    MAG Silver Reports Fourth Quarter Production From Juanicipio

    VANCOUVER, British Columbia, Jan. 27, 2021 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to report fourth quarter production of development material from the Juanicipio Project (56% / 44% joint venture between Fresnillo plc (“Fresnillo”) and MAG Silver). As reported to MAG by the project operator Fresnillo, 30,397 tonnes of development material were processed during the quarter ended December 31, 2020, with total production for the quarter on a 100% basis of 230 thousand silver ounces and 443 gold ounces (attributable to MAG: 101 thousand ounces of silver and 195 ounces of gold). Combined with the 42,476 tonnes of mineralized material processed last August and September, production in 2020 on a 100% basis totaled 623 thousand silver ounces and 1,053 gold ounces (attributable to MAG: 274 thousand ounces of silver and 463 ounces of gold). The associated lead and zinc production will be reported with MAG’s year end filings. The development material is being processed through the nearby Fresnillo processing plant (100% owned by Fresnillo) with the lead (silver rich) and zinc concentrates treated at market terms under off-take agreements with Met-Mex Peñoles, S.A. de C.V. in Torreón, Mexico. The revenue from this production, net of processing and treatment charges, will be used by the joint venture to offset initial project capital cash requirements. Fresnillo also reports that commissioning of the Juanicipio processing plant is now expected to commence in Q4-2021, a few months later than previously reported as some infrastructure contracts have been delayed due to Covid-19, and related to Covid-19 preventive measures implemented at site. Until the Juanicipio plant is commissioned in Q4-2021, Fresnillo continues to expect it will process 16,000 tonnes per month of mineralized material from the joint venture through its facility. “We’ve now successfully milled close to 73,000 tonnes of development material at the Fresnillo plant since early August of 2020 generating cash-flow to help offset capex and gaining valuable metallurgical understanding at the same time” said George Paspalas, MAG Silver’s President and CEO. “This processing will continue through the end of 2021 and will further de-risk the project as it heads into commercial production.” Project development and construction of the Juanicipio processing plant continues at site, with construction photos available at https://magsilver.com/projects/photo-gallery/#photo-gallery. Qualified Person: Dr. Peter Megaw, Ph.D., C.P.G., has acted as the Qualified Person as defined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical information in this release. Dr. Megaw has a Ph.D. in geology and more than 38 years of relevant experience focused on ore deposit exploration worldwide. He is a Certified Professional Geologist (CPG 10227) by the American Institute of Professional Geologists and an Arizona Registered Geologist (ARG 21613). Dr. Megaw is not independent as he is Chief Exploration Officer and a Shareholder of MAG. About MAG Silver Corp. (www.magsilver.com) MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed in a Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, and the Joint Venture is currently constructing and developing the surface and underground infrastructure on the property to support a 4,000 tonnes per day mining operation. Initial underground production was achieved in Q3-2020. As well, MAG has an expanded exploration program in place, targeting multiple highly prospective targets both at the Juanicipio Joint Venture and at the Deer Trail 100% earn-in project in Utah. On behalf of the Board ofMAG SILVER CORP. "George Paspalas" President, CEO and Director Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management. This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company’s filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements. Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov LEI: 254900LGL904N7F3EL14 CONTACT: For further information on behalf of MAG Silver Corp. Contact Michael J. Curlook, VP Investor Relations and Communications Phone: (604) 630-1399 Toll Free: (866) 630-1399 Website: www.magsilver.com Email: info@magsilver.com

  • GlobeNewswire

    MAG Silver Announces the Appointment of Jill Neff as Corporate Secretary

    VANCOUVER, British Columbia, Jan. 18, 2021 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) is pleased to announce that Jill Neff has joined the Company as Corporate Secretary. Ms. Neff has over 16 years of corporate secretarial, corporate governance and securities regulatory experience, 12 of those years specifically with public companies in the mining industry. Most recently, Ms. Neff served as Corporate Secretary of Sierra Metals Inc., a position which she held since 2013. Prior to that, she was Corporate Secretary for a number of other publicly listed companies, including WPC Resources Inc. (now Blue Star Gold Corp.) and TTM Resources Inc. Ms. Neff completed the Paralegal Diploma Program at Capilano University in 2004 and began her career as a Securities Paralegal in national law firms including Borden Ladner Gervais LLP and Goodmans LLP. "We are very pleased that Jill has joined MAG." said George Paspalas, President and CEO. "Jill brings excellent relevant corporate secretarial experience to us, which will be instrumental as we continue to add value for our shareholders and continually improve our corporate governance." About MAG Silver Corp. (www.magsilver.com) MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed in a Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp and the Joint Venture is currently constructing and developing the surface and underground infrastructure on the property to support a 4,000 tonnes per day mining operation. Initial underground production was achieved in Q3-2020. As well, MAG has an expanded exploration program in place, targeting multiple highly prospective targets both at the Juanicipio Joint Venture and at the Deer Trail 100% earn-in project in Utah. On behalf of the Board ofMAG SILVER CORP. "George Paspalas" President, CEO and Director Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management. This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company’s filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements. Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov LEI: 254900LGL904N7F3EL14 CONTACT: For further information on behalf of MAG Silver Corp. Contact Michael J. Curlook, VP Investor Relations and Communications Phone: (604) 630-1399 Website:www.magsilver.com Toll Free:(866) 630-1399 Email: info@magsilver.com

  • MAG Silver Announces the Appointment of Susan Mathieu as a Director
    GlobeNewswire

    MAG Silver Announces the Appointment of Susan Mathieu as a Director

    VANCOUVER, British Columbia, Jan. 14, 2021 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) is pleased to announce that Ms. Susan Mathieu has joined the Company as a member of the Board of Directors.    Ms. Mathieu has more than twenty-five years of international mining experience through due diligence, exploration, project development, permitting, construction and operations positions. Susan has experience from mine-site to corporate leadership roles with responsibility for governance, environment, sustainability, community, health and safety, compliance and risk management policies, programs and strategies. She has a proven ability to affect change in diverse organizational cultures through building relationships, leadership in executing work, and integrating compliance functions into governance systems and business processes.Ms. Mathieu commenced her career with Placer Dome and progressed to increasingly senior environmental and sustainability roles with Falconbridge, NovaGold Resources, Centerra Gold, BHP Billiton, Golder Associates and NexGen Energy.Ms. Mathieu holds a BSc (Honours) in Biology, a Masters of Science in Biology/Environmental Toxicology from the University of Saskatchewan, and an Executive MBA from the Beedie School of Business, Simon Fraser University."We are very pleased that Susan has joined our Board," said Peter Barnes, Chairman of MAG. "She brings extensive operations and health, safety, environmental and community expertise to our Board, along with wide-ranging business and governance experience, all of which furthers our ability to enhance shareholder value."About MAG Silver Corp. (www.magsilver.com ) MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Property (44%), being developed in Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp and the Joint Venture is currently constructing and developing the surface and underground infrastructure on the property to support a 4,000 tonnes per day mining operation. Initial underground production was achieved in Q3-2020. As well, MAG has an expanded exploration program in place, targeting multiple highly prospective targets both at the Juanicipio Joint Venture and at the 100% owned Deer Trail property in Utah.On behalf of the Board of MAG SILVER CORP."Peter Barnes" ChairmanNeither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted responsibility for the accuracy or adequacy of this press release, which has been prepared by management.This release includes certain statements that may be deemed to be “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts are forward looking statements, including statements that address future mineral production, reserve potential, exploration drilling, exploitation activities and events or developments. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include, but are not limited to, changes in commodities prices, changes in mineral production performance, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions, political risk, currency risk and capital cost inflation. In addition, forward-looking statements are subject to various risks, including that data is incomplete and considerable additional work will be required to complete further evaluation, including but not limited to drilling, engineering and socio-economic studies and investment. The reader is referred to the Company’s filings with the SEC and Canadian securities regulators for disclosure regarding these and other risk factors. There is no certainty that any forward looking statement will come to pass and investors should not place undue reliance upon forward-looking statements. Please Note: Investors are urged to consider closely the disclosures in MAG's annual and quarterly reports and other public filings, accessible through the Internet at www.sedar.com and www.sec.gov LEI: 254900LGL904N7F3EL14  CONTACT: For further information on behalf of MAG Silver Corp. Contact Michael J. Curlook, VP Investor Relations and Communications Website: www.magsilver.com Phone: (604) 630-1399 Toll free: (866) 630-1399 Email: info@magsilver.com Fax: (604) 681-0894