MAG Silver (TSE:MAG) has released an update.
MAG Silver Corp. has announced its 2023 annual financial results, highlighting a robust net income of $48,659 and strong silver production totaling 16.8 million ounces. The company boasted significant operating and free cash flow, as well as a notable increase in cash balances, thanks to the efficient processing and cost-effective performance at the Juanicipio mine. MAG Silver also emphasized its commitment to sustainability and ESG practices with the publication of its second annual sustainability report.
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