MAG Silver Reports Third Quarter Financial Results
MAG Silver Corp. (TSX / NYSE American: MAG) ("MAG" or the "Company") announces the Company's unaudited financial results for the three and nine months ended September 30, 2020. For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and nine months ended September 30, 2020, please see the Company's filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov).
MAG Silver Announces First Production From Juanicipio
MAG Silver Corp. (TSX / NYSE American: MAG) ("MAG" or "MAG Silver") is pleased to announce that, as planned, development material from the Juanicipio Project (56% / 44% joint venture between Fresnillo plc ("Fresnillo") and MAG) commenced processing at the Fresnillo beneficiation plant during the quarter ended September 30, 2020. As reported by the operator Fresnillo, 42,476 tonnes were processed during the quarter, with total production of 394 thousand silver ounces, 610 gold ounces, 138 tonnes of lead and 174 tonnes of zinc (attributable to MAG: 173.4 thousand ounces of silver, 268.4 ounces of gold, 60.7 tonnes of lead and 76.6 tonnes of zinc).
Mexico Silver Mining Is Flourishing With New High Grade Silver Discoveries
, /PRNewswire/ -- has a mining history that goes back over 500 years and continues to be a hotbed for high-grade silver discoveries. In 2019, the Latin American country was responsible for close to Junior miners who were lucky enough to gain a stake in the prolific region have continued to see promising results. is the world's top silver-producing country and offers exciting opportunities to companies like (TSXV:MGG) (OTCQX: MMRGF), (TSX: EDR) (NYSE: EXK), (TSX: SIL) (NYSE: SILV), (TSX: MAG) (NYSE: MAG), and (TSX: GPR) (NYSE: GPL).
Latest Reports Indicating Silver Could Actually Outperform Gold in 2020
, /PRNewswire/ -- History shows that during a global crisis, gold and silver become the safest and maybe the only metals to possess. A recent from Statista said that the global supply of silver presently stands at around one billion ounces. Nearly half of all the silver supplied worldwide is used for industrial applications. Other sizable segments go into investment, coinage, and the jewelry industry. Looking at the last four decades, the price of silver has shown a steady increase, reaching new record highs since 2010. The price of gold has also risen in this pandemic, but some experts even see silver outperforming gold. A recent by CNBC said that this year, gold prices have shot to record highs, as investors fled to safe havens with the pandemic showing no signs of abating and a crashing economy. Silver prices have followed suit. The articled added: ", a commodities and foreign exchange strategist at Deutsche Bank, told CNBC he expects silver to outperform gold." Active mining companies in the markets this week include: (NYSE: MAG) (TSX: MAG), (OTCQB: AAGFF) (TSX-V: AAG), (NYSE: EKX) (TSX: EDR), (NYSE: HL).
MAG Silver Announces Agreement to Acquire 100% of the Consolidated Silver-Rich Deer Trail Project in Utah - Phase I Drilling to Begin in October
MAG Silver Corp. (TSX / NYSE American: MAG) ("MAG" or "MAG Silver") announces an Agreement to consolidate and acquire 100% of the silver-rich Deer Trail Carbonate Replacement Deposit "CRD" project in Piute County, Utah (the "Deer Trail Project" or "Project"). The Project includes 111 patented and 682 unpatented claims (approximately 5,600 Ha) encompassing the historic Deer Trail Mine and the adjoining Alunite Ridge area. This is the first time since the early 1980s that these properties have been consolidated, allowing MAG to apply an integrated district-scale exploration approach based on the continuum of mineralization styles from CRD through Skarn to Porphyry Copper-Molybdenum shown by many related systems worldwide. This model suggests that the high-grade silver, gold, lead, zinc and copper CRD sulfides of the Deer Trail mine are linked by kilometres of continuous mineralization to a Porphyry Copper-Molybdenum centre lying to the west near Alunite Ridge.
MAG Silver Completes US$50M ATM
MAG Silver Corp. (TSX / NYSE American: MAG) ("MAG Silver") is pleased to announce that the US$50 million at-the-market equity program (the "ATM Program") previously announced (see Press Release June 30, 2020) has been completed. Since June 30, 2020, MAG Silver sold and issued 3,092,783 common shares under the ATM Program at an average price of US$16.16 per share, for gross and net proceeds of US$50 million and US$48.625 million, respectively. There is no further remaining availability under this ATM Program.
MAG Silver Reports Second Quarter Financial Results
MAG Silver Corp. (TSX / NYSE American: MAG) ("MAG" or the "Company") announces the Company's unaudited financial results for the three and six months ended June 30, 2020. For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and six months ended June 30, 2020, please see the Company's filings on SEDAR (www.sedar.com) or on EDGAR (www.sec.gov).
MAG Appoints Peter Barnes as Board Chair
MAG Silver Corp. (TSX / NYSE American: MAG) ("MAG" or the "Company") is pleased to announce that Peter Barnes has been appointed as the Chair of the Board of MAG. Mr. Barnes first joined the board in late 2012 and has since chaired various Board Committees for MAG, including the Audit Committee and the Governance and Nomination Committee. He has extensive experience in the metals and mining industry, and in 2004, was co-founder of Wheaton Precious Metals (formerly, Silver Wheaton Corp) and CEO from 2006 to 2011, and prior to that was CFO of Goldcorp Inc. from 2005 to 2006. He is a Fellow of the Chartered Professional Accountants of British Columbia and a Member of the Institute of Corporate Directors. He has also served as a member of the Board of the Silver Institute.
MAG Reports AGSM Results
MAG Silver Corp. (TSX / NYSE American: MAG) ("MAG" or the "Company") reports that at its annual general and special meeting (the "AGSM") held on June 18, 2020, MAG's Shareholders approved by majority: to reduce the size of the board to seven; to elect all seven directors standing for re-election; to re-appoint Deloitte LLP as the Company's auditor; to continue the Company's Stock Option and Share Unit Plans; to amend and continue the Company's Deferred Share Unit Plan; and to support the Company's approach to executive compensation.
MAG Silver Announces 19.9% Interest in Reyna Silver Corp. (formerly Century Metals Inc.)
MAG Silver Corp. ("MAG") announces that, pursuant to a transaction (the "Transaction") among Reyna Silver Corp. (formerly named Century Metals Inc.) (the "Issuer"), Reyna Silver Mining Inc. (formerly named Reyna Silver Corp.) (the "Target") and a wholly owned subsidiary of the Issuer ("Subco"), MAG has acquired, in exchange for its existing preferred shares of the Target and for no additional consideration, 14,556,706 common shares of the Issuer ("Company Shares") together with certain contractual rights of participation in future issuances of Company Shares (the "Participation Rights"). The preferred shares of the Target were previously issued to MAG in connection with the sale by MAG of certain non-core assets.