End of Month - October 2020 - Celebration - 1st PourEnd of Month Report for October 2020, for MAG Silver Corp. -
MAG closed on 09/31/2020 at US$16.94
MAG closed on 09/31/2020 at US$16.26
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This is a gain of 4.2%, or 68-cents, for October.
[ Most Junior miners lost in October.]
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Indexes -
Junior Gold Miners ETF [GDXJ], @ US$53.21, lost 3.9% in October. [12.0% above its MA(200) @ $47.50]
Silver, @ US$23.65, gained 0.7%, or US$O.16, in October [18.2% above its MA(200) @ $20.01]
Gold, @ US$1,879.90 lost 0.8%, or US$15.60, in October. [6.0% above its MA(200) @ $1,773.77]
S&P 500 Index, @ 3269.9 lost 2.8% in October. [4.5% above its MA(200) @ 3129.4]
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Two Hundred Day Moving Average [MA(200)] stuff. MAG’s MA(200) ended October at $13.09
MAG is 29.4% above its MA(200).
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News Release in October. - CELEBRATION: First Pour. -
October 21, 2020
MAG Silver Announces First Production From Juanicipio -
https://magsilver.com/site/assets/files/5968/nr_20-15_mj_q3_production_report_final_with_qp.pdf -
“This first production from Juanicipio is a major milestone for the Company.
The successful processing of development material not only provides cash flow to offset capex, but further de-risks the project as it heads toward commercial production.” ~ George Paspalas, MAG Silver’s President and CEO.
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Who is the Big Cheese at MAG? George Paspalas, President & CEO, Director
Jonathan Rubenstein, Chair of the Board, Independent Director.
RJ