MAG Silver reports production from the Juanicipio Project for the Q4. As reported to MAG by the project operator Fresnillo, 165,786 tonnes of mineralized material from both underground development and initial stopes were processed during the three months ended December 31, 2022 at an average silver head grade of 415 grams per tonne, or g/t. For the year ended December 31, 2022, a total of 646,148 tonnes of mineralized material were processed at an average silver head grade of 520 g/t. Total Juanicipio production for Q4 and 2022, based on provisional estimates before offtake agreement adjustments, totaled 1,861 koz of silver and 5,380 gold ounces, and 9,250 koz of silver and 22,253 gold ounces, respectively. The associated lead and zinc production will be reported with MAG Silver’s year end filings. The Juanicipio beneficiation plant, which was recently energized with the connection to the national power grid, has commenced commissioning and full-scale ramp up of milling activities. Juanicipios property belongs to Fresnillo, 56%, and MAG, 44%.
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