MAG Silver Corp.
About MAG Silver Corp.
Overview
MAG Silver Corp. is a Canadian development and exploration company focused on high-grade silver projects in Mexico. The company's flagship asset is the Juanicipio mine, a joint venture with Fresnillo plc, which has commenced commercial production as one of the world's highest-grade silver mines. MAG Silver maintains exploration properties with district-scale potential in prolific Mexican mining belts.
Operations
MAG Silver's primary asset is a 44% interest in the Juanicipio mine located on the Fresnillo trend in Zacatecas, Mexico, operated by joint venture partner Fresnillo plc (56% owner). The underground mine produces high-grade silver-gold ore from the Valdecañas vein system. The company also maintains the Deer Trail property in Utah and other exploration properties in Mexico.
Strategy
The company's strategy focuses on realizing the full potential of the Juanicipio mine as production ramps up and throughput increases, maintaining financial strength to fund its share of capital requirements, advancing exploration projects to build a pipeline of development opportunities, and creating shareholder value through exposure to high-grade silver production. MAG Silver emphasizes jurisdictions with established mining traditions.
Key Projects
Juanicipio represents MAG Silver's flagship asset with production ramping up to commercial levels and further development of the extensive vein system. Exploration continues on the concessions to identify additional resources beyond the current reserve base. The company is also evaluating its Deer Trail copper-gold-molybdenum porphyry project in Utah and exploring other Mexican properties for new silver discoveries.
Primary Commodities
Financial Metrics
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Quick Facts
- Ticker Symbol
- MAG
- Market Cap
- Small Cap
- Category
- Silver
- Commodities
- Silver, Gold
- Headquarters
- Vancouver, Canada
- Founded
- 2003
- Employees
- ~10
Operating Countries
Producing Assets
- •Juanicipio (Mexico)
Development Assets
- •Deer Trail (USA)
- •Exploration properties (Mexico)
This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.