MAG Silver reports production from Juanicipio for the Q1. Highlights include: Solid throughput: Juanicipio processed 325,684 tonnes of ore in Q1. Despite a routine 4 day maintenance shutdown during the quarter, Juanicipio delivered 3,980 tonnes per operating day milling performance confirming its operational efficiency and ability to quickly pick up where it left off. Continued strong grades: The average silver head grade for the quarter was 476 grams per tonne, or g/t, marginally higher than the previous quarter. This, together with our robust initial reserve as outlined in the recently released technical report, further reaffirms Juanicipio’s status as a high-grade mineral deposit with significant long-term potential. Improving recovery: Recovery for the quarter was higher than the previous quarter across all metals showcasing the ongoing operational enhancements and optimization efforts at Juanicipio. Robust production and guidance on track: Juanicipio surpassed expectations with preliminary production estimates of 4.4 million silver ounces and 9,927 gold ounces in Q1. MAG expects to release its comprehensive financial and operational results on May 14.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MAG:
- MAG Silver Reports Strong Q1 Production
- MAG Announces First Quarter 2024 Production From Juanicipio
- MAG Silver price target raised to C$20.50 from C$19.50 at Stifel
- MAG Silver price target lowered to C$21.50 from C$21.75 at National Bank
- MAG Silver price target raised to C$21.75 from C$21 at National Bank
