- MAG (MAG) reported its Q1 2023 metal production from the Juanicipio Project, in the Fresnillo Silver Trend in Mexico
- 222,023 tonnes of mineralized material from underground stopes and low-grade stockpiles were processed, an average silver head grade of 363 g/t
- Total Juanicipio production for Q1 is estimated to total 2,249 silver ounces and 6,047 gold ounces
- MAG Silver Corp. (MAG) opened trading at C$17.48 per share
MAG (MAG) reported its Q1 2023 metal production from the Juanicipio Project, in the Fresnillo Silver Trend in Mexico.
As per the project operator, Fresnillo’s reports to MAG, 222,023 tonnes of mineralized material from underground stopes and low-grade stockpiles were processed, an average silver head grade of 363 grams per tonne (g/t).
Total Juanicipio production for Q1 is estimated to total 2,249 silver ounces and 6,047 gold ounces. Juanicipio also produced and sold its first commercial lead and zinc concentrates.
The team now shifts its focus to steady state operations, attaining the 4,000 tonnes per day (tpd) nameplate and achieving commercial production.
“With the initial concentrate shipments behind us our attention is now on achieving commercial production at Juanicipio. We have experienced some really promising days with milling rates at or around 4,000 tonnes per day. Our goal is to transform these good days into solid quarters and solid quarters into outstanding years,” said George Paspalas, MAG Silver’s President and CEO. “The successful execution of the commissioning paves the way for steady state operations at 4,000 tpd, positioning MAG as a top-tier silver producer with a focus on cash flow generation and return on capital invested.”
MAG Silver Corp. (MAG) is a Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, precious metals projects in the Americas.
MAG Silver Corp. (MAG) opened trading at C$17.48 per share.
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