MAG Silver Reports Fourth Quarter Production From & More Trending News

 

VANCOUVER, British Columbia, Jan. 25, 2023 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) experiences manufacturing from the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG, respectively) for the fourth quarter (“Q4”) ending December 31, 2022 and full 12 months 2022. As reported to MAG by the undertaking operator Fresnillo, 165,786 tonnes of mineralized materials from each underground growth and preliminary stopes had been processed throughout the three months ended December 31, 2022 at a median silver head grade of 415 grams per tonne (“g/t”). For the 12 months ended December 31, 2022, a complete of 646,148 tonnes of mineralized materials had been processed at a median silver head grade of 520 g/t.

Total Juanicipio manufacturing for This autumn and 2022, primarily based on provisional estimates earlier than offtake settlement changes, totaled 1,861 koz of silver and 5,380 gold ounces, and 9,250 koz of silver and 22,253 gold ounces, respectively. The related lead and zinc manufacturing can be reported with MAG Silver’s 12 months finish filings.

The Juanicipio beneficiation plant, which was not too long ago energized with the connection to the nationwide energy grid, has commenced commissioning and full-scale ramp up of milling actions. The operation stays on monitor to achieve nameplate manufacturing mid-to-late 2023. During this ramp-up interval, extra mineralized materials from Juanicipio continues to be processed by the close by Saucito and Fresnillo beneficiation crops (100% owned by Fresnillo).

“We are excited to begin the new year marching towards ramp-up to nameplate throughput of 4,000 tonnes per day after fully connecting to the national power grid in December,” stated George Paspalas, MAG Silver’s President and CEO. “The opportunity to run high-grade material through our world class processing facility will set the stage for MAG becoming a top tier silver producer, focused on cash flow generation and return on capital invested.”

Qualified Persons: Dr. Peter Megaw, Ph.D., C.P.G., has acted because the Qualified Person as outlined in National Instrument 43-101 for this disclosure and supervised the preparation of the technical data on this launch. Dr. Megaw has a Ph.D. in geology and greater than 38 years of related expertise centered 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 isn’t unbiased as he’s Chief Exploration Officer and a Shareholder of MAG.

About MAG Silver Corp. (www.magsilver.com)

MAG Silver Corp. is a growth-oriented Canadian growth and exploration firm centered on turning into a top-tier main silver mining firm by exploring and advancing high-grade, district scale, valuable metals tasks within the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the operator. The undertaking is situated within the Fresnillo Silver Trend in Mexico, the world’s premier silver mining camp, the place the operator is presently advancing underground mine growth and commissioning a 4,000 tonnes per day processing plant. Underground mine manufacturing of mineralized growth materials commenced in Q3 2020, and an expanded exploration program is in place focusing on a number of extremely potential targets at Juanicipio. MAG can be executing multi-phase exploration packages on the Deer Trail 100% earn-in Project in Utah and the not too long ago acquired Larder Project, situated within the traditionally prolific Abitibi area of Canada.

Neither the Toronto Stock Exchange nor the NYSE American has reviewed or accepted accountability for the accuracy or adequacy of this press launch, which has been ready by administration.

This launch contains sure statements that could be deemed to be “forward-looking statements” throughout the that means of the US Private Securities Litigation Reform Act of 1995. All statements on this launch, aside from statements of historic information are ahead wanting statements, together with statements that deal with our expectations with respect to the timing and success of commissioning actions and the full-scale ramp up of milling actions, provisional estimates regarding manufacturing at Juanicipio for This autumn and 2022, processing charges of growth supplies, future mineral manufacturing, and occasions or developments. Forward-looking statements are sometimes, however not all the time, recognized by means of phrases akin to “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe” and related expressions. These statements contain recognized and unknown dangers, uncertainties and different components which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. Although MAG believes the expectations expressed in such forward-looking statements are primarily based on cheap assumptions, such statements aren’t ensures of future efficiency and precise outcomes or developments might differ materially from these within the forward-looking statements. Factors that might trigger precise outcomes to vary materially from these in forward-looking statements embody, however aren’t restricted to, impacts (each direct and oblique) of COVID-19, timing of receipt of required permits, adjustments in relevant legal guidelines, adjustments in commodities costs, adjustments in mineral manufacturing efficiency, exploitation and exploration successes, continued availability of capital and financing, and basic financial, market or enterprise circumstances, political danger, foreign money danger and capital price inflation. In addition, forward-looking statements are topic to numerous dangers, together with that information is incomplete and appreciable extra work can be required to finish additional analysis, together with however not restricted to drilling, engineering and socio-economic research and funding. The reader is referred to the MAG Silver’s filings with the SEC and Canadian securities regulators for disclosure concerning these and different danger components. There isn’t any certainty that any forward-looking assertion will come to go, and buyers mustn’t place undue reliance upon forward-looking statements.

Please Note: Investors are urged to think about carefully the disclosures in MAG’s annual and quarterly experiences and different public filings, accessible by the Internet at www.sedar.com and www.sec.gov.


        

MAG Silver Reports Fourth Quarter Production From

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MAG Silver Reports Fourth Quarter Production From

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MAG Silver Reports Fourth Quarter Production From

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