MAG Silver Corp. (TSX:MAG) (NYSE American: MAG) reports production from Juanicipio (56% / 44% Fresnillo plc and MAG, respectively) for the third quarter ended September 30, 2024.
Q3 Highlights
Comparative production highlights (100% basis):
Q3 2024 | Q2 2024 | % Chg | Q3 2023* | % Chg | YTD 2024 | YTD 2023* | % Chg | ||
Milling | t | 332,290 | 336,593 | -1.3% | 322,249 | 3.1% | 994,566 | 921,990 | 7.9% |
Head grade | |||||||||
Silver | g/t | 481 | 498 | -3.4% | 523 | -8.0% | 485 | 474 | 2.3% |
Gold | g/t | 1.32 | 1.20 | 10.0% | 1.32 | 0.0% | 1.28 | 1.23 | 4.1% |
Lead | % | 1.58 | 1.56 | 1.3% | 1.33 | 18.8% | 1.50 | 1.07 | 40.2% |
Zinc | % | 2.83 | 2.99 | -5.4% | 2.25 | 25.8% | 2.77 | 1.92 | 44.3% |
Production | |||||||||
Silver | koz | 4,886 | 4,984 | -2.0% | 4,781 | 2.2% | 14,315 | 12,306 | 16.3% |
Gold | oz | 10,801 | 9,259 | 16.7% | 9,434 | 14.5% | 29,987 | 26,137 | 14.7% |
Lead1 | klb | 10,656 | 9,956 | 7.0% | 8,467 | 25.9% | 29,319 | 19,164 | 53.0% |
Zinc2 | klb | 16,757 | 18,850 | -11.1% | 12,704 | 31.9% | 50,260 | 29,667 | 69.4% |
* Includes material processed at the Fresnillo, Saucito and Juanicipio beneficiation plants.
1 Lead recovered to lead concentrate.
2 Zinc recovered to zinc concentrate.
“The third quarter continued to validate the strength and quality of the operations at Juanicipio,” said George Paspalas, MAG Silver’s President and CEO. “We are delighted to report another quarter of exceptional production results from Juanicipio. Strong production numbers, coupled with consistent operational improvements validate the quality of this world-class asset and we are excited about the growth and long-term success that lies ahead.”
Qualified Person: All scientific or technical information in this press release is based upon information prepared by or under the supervision of, or has been approved by Gary Methven, P.Eng., who is a “Qualified Person” for purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects (“National Instrument 43-101” or “NI 43-101”). Mr. Methven is not independent as he is Vice President, Technical Services of MAG.
About MAG Silver Corp.
MAG Silver Corp. is a growth-oriented Canadian mining and exploration company focused on advancing high-grade, district scale precious metals projects in the Americas. MAG is emerging as a top-tier primary silver mining company through its (44%) joint venture interest in the 4,000 tonnes per day Juanicipio Mine, operated by Fresnillo plc (56%). The mine is located in the Fresnillo Silver Trend in Mexico, the world’s premier silver mining camp, where in addition to underground mine production and processing of high-grade mineralised material, an expanded exploration program is in place targeting multiple highly prospective targets. MAG is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada.
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