MAG Silver Corp. - MAG STOCK NEWS

MAG Silver Corp. reported its unaudited financial results for Q2 and H1 2021, showing significant operational progress at the Juanicipio processing plant. Key achievements include the installation of flotation cells and mills, with the plant's commissioning expected in Q4 2021. For Q2, MAG processed 44,435 tonnes yielding over 404,000 payable silver ounces, generating $8.9 million in gross profit. The company had cash reserves of $66.3 million and a working capital of $68.4 million as of June 30, 2021. Despite a net loss of $357, MAG is well-positioned for future production growth.

MAG Silver Corp. has reported progress from its 2020 drilling program at the Juanicipio Project, which is a 56%/44% joint venture with Fresnillo plc. The program included 110 holes totaling 39,700 meters, focusing on infilling and expanding high-grade silver resources. Highlights from the drilling include the confirmation of continuous mineralization in the Valdecañas Bonanza and Deep Zones, with results indicating significant silver and gold grades. The mill construction is on schedule for commissioning in Q4 2021, supporting a promising outlook for future production.

MAG Silver Corp. (MAG) has announced the appointment of Mr. Dale Peniuk to its Board of Directors. A Chartered Professional Accountant with extensive mining industry experience, he currently chairs the audit committee for Lundin Mining and has previously served many Canadian public mining boards. His expertise is expected to enhance MAG's leadership as it prepares to enter production at the Juanicipio Project. This project, a joint venture with Fresnillo Plc, aims to develop a significant underground mine and processing plant anticipated to commence commissioning in Q4 2021.

MAG Silver Corp. (MAG) reported a successful second quarter of 2021 for the Juanicipio Project, a joint venture with Fresnillo. The project produced 434,885 silver ounces and 787 gold ounces, with MAG's attributable share being 191,349 ounces of silver and 346 ounces of gold. The processing of mineralized development material at Fresnillo's plant is ongoing and generating revenue to offset initial capital costs. The Juanicipio processing plant construction is on track, with commissioning expected in Q4 2021.

MAG Silver Corp. has successfully held its annual general and special meeting (AGSM) on June 21, 2021. Shareholders voted to elect all seven directors, re-appoint Deloitte LLP as the auditor, and endorse the executive compensation approach. The company extends its gratitude to Derek White for his 14 years of service on the board. The total votes cast for the directors were approximately 54 million, with very high approval percentages, ranging from 97.80% to 99.90%. MAG Silver is focused on becoming a leading primary silver mining company, particularly through its Juanicipio Project.

MAG Silver Corp. (MAG) reported its unaudited financial results for Q1 2021, highlighting operational advancements and financial metrics. The company processed 36,395 tonnes of mineralized material, achieving a 40% higher silver head grade of 458 g/t, and recorded gross profits of $8,199. The commissioning of the Juanicipio processing plant is anticipated in Q4 2021, with expected capacity ramping up to 90-95% in 2022. As of March 31, 2021, MAG held cash and equivalents of $92,844 and a working capital of $94,923, reflecting a net loss of $3,662 for the quarter.

MAG Silver Corp. (MAG) announced its Q1 2021 production results from the Juanicipio Project, reporting 36,395 tonnes of underground development material processed. This led to total production of 462,321 silver ounces and 697 gold ounces, with MAG's share being 203,421 silver ounces and 307 gold ounces. The revenue generated will help offset capital cash requirements. The Juanicipio processing plant is expected to commence commissioning in Q4 2021, continuing the positive momentum from ongoing development and metallurgical insights gained during production.

MAG Silver Corp. reported its financial results for the year ended December 31, 2020, highlighting a net loss of $7,097 and a working capital of $94,513. The company's Juanicipio project processed 71,859 tonnes of mineralized material, producing 616,341 ounces of payable silver.

Sales totaled $15,335, leading to a gross profit of $11,462 during the period. Construction of the Juanicipio plant is ongoing, with commissioning expected in Q4 2021. The company continues to focus on exploration and development despite challenges from COVID-19.

MAG Silver Corp. announced the appointment of Tim Baker to its Board of Directors. With a B.Sc. in Geology and extensive mining experience, Baker has held senior roles at Kinross Gold and Placer Dome. His addition is expected to enhance shareholder value as the Juanicipio project develops into a major silver producer. Baker replaces Rick Clark, who resigned to pursue other professional responsibilities. The Juanicipio project, in partnership with Fresnillo Plc, is advancing towards a 4,000 tonnes per day processing plant, anticipating commissioning in Q4-2021.