MAG Silver (TSE:MAG) has released an update.
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MAG Silver Corp has reported updated Mineral Resource estimates and for the first time, a statement of Mineral Reserve estimates for the Juanicipio Property, based on a Technical Report compliant with NI 43-101 standards. The report, effective as of March 4, 2024, details the Property’s advancements, including the start of commercial production in mid-2023 and achievement of nameplate processing capacity. The Juanicipio Property, located in Zacatecas, Mexico, and operated by Fresnillo plc in partnership with MAG Silver, has shown promising results from its major vein systems, with the report detailing the first-time inclusion of Mineral Reserve estimates.
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