MAG Silver says final testing of control systems at Juanicipio Project complete

MAG Silver Corp. (MAG) reports that it has received confirmation from Fresnillo Plc (FNLPF), the operator of the Juanicipio Project, that final testing of the downstream power distribution and control systems at the Project is now complete. The entire system has now been energized and Juanicipio has been connected to the national power grid. The companies have been advised that this concludes the additional testing requested by the state-owned power company, CFE, to verify compatibility between new and updated substation equipment installed by Fresnillo on behalf of Fresnillo and MAG Silver as part of the Project, and existing older CFE infrastructure. Commissioning of the Project, initially with low-grade stockpiles is envisioned. As previously reported, plant components post the comminution circuit were commissioned on auxiliary power allowing for a rapid ramp-up with Fresnillo advising an objective of reaching full nameplate capacity in the second quarter of 2023. Once commissioning is concluded, high-grade mineralized material will be processed at the Juanicipio plant and, to the extent mining rates allow, will continue to be processed at the nearby Saucito and Fresnillo operations.