Welcome to our dedicated page for Mag Silver news (Ticker: MAG), a resource for investors and traders seeking the latest updates and insights on Mag Silver stock.
MAG Silver Corp (MAG) is a leading explorer and producer focused on high-grade silver mining projects across the Americas. This page aggregates all official company announcements, press releases, and operational updates for investors tracking precious metals sector developments.
Access timely information on MAG Silver's exploration progress, joint venture milestones, and production results from key assets like the Juanicipio mine. The curated news feed covers earnings reports, resource estimates, leadership updates, and strategic partnerships critical for evaluating the company's performance.
All content is sourced directly from MAG Silver's disclosures and verified third-party coverage. Bookmark this page to monitor Mexico-focused silver mining operations, project expansions, and industry developments through a single authoritative channel.
MAG Silver Corp. has completed the electrical connection to the national power grid for its Juanicipio Project, marking a significant milestone in its operational ramp-up. The testing, conducted with Fresnillo Plc, confirmed the compatibility of new substation equipment with existing infrastructure. With the facility now energized, commissioning is set to proceed with low-grade stockpiles, aiming for full capacity by Q2 2023. MAG anticipates transitioning to high-grade mineral processing post-commissioning, bolstering its position as a leading silver producer.
MAG Silver Corp. reported a net income of $8,227 (or $0.08 per share) for Q3 2022, a significant improvement from a net loss of $2,280 in Q3 2021. The company processed a record 180,808 tonnes of mineralized material, generating pre-commercial sales of $49,715 and a gross profit of $25,212. As of September 30, 2022, MAG held cash of $39,507. The Sustainalytics ESG risk rating improved 27% over the past year. The Juanicipio plant is expected to commence electrical commissioning soon, with a projected ramp-up to 85-90% capacity.
MAG Silver Corp. reported significant Q3 production results from its Juanicipio Project, processing 180,807 tonnes of mineralized material. The quarter yielded 2.6 million silver ounces and over 5,400 gold ounces. MAG's attributable share is 1.15 million silver ounces and 2,386 gold ounces. Milling operations are ramping up, with expected commissioning by October's end. The year-to-date silver production totals 7.4 million ounces. CEO George Paspalas highlighted the project’s strong operational performance and readiness for commercial production.
MAG Silver Corp. (TSX / NYSE American: MAG) announced the completion of construction activities for the Juanicipio Project's electrical grid tie-in, with power expected to be available by the end of October 2022. The project will continue to ramp up production in Q4. Currently, the company holds $45 million in cash, with $38 million accumulated at Juanicipio as of June 30, 2022. July 2022 saw over 1 million payable ounces of silver produced and sold. MAG's President emphasizes the importance of prudent regulatory approaches for safe commissioning.
MAG Silver Corp. (MAG) reported its unaudited financial results for Q2 and H1 2022, highlighting operational achievements and net income of $7,562 or $0.08 per share. The Juanicipio project processed 154,069 tonnes of mineralized material, generating a gross profit of $37,262. Cash at June 30, 2022, was $44,655 for MAG and $37,504 for Juanicipio. With commissioning of the processing plant expected soon, production is anticipated to ramp up to 85-90% of capacity by year-end. The acquisition of Gatling Exploration enhances MAG’s portfolio.
MAG Silver Corp. reported strong Q2 production results from the Juanicipio Project, processing 154,069 tonnes of mineralized material. On a 100% basis, this resulted in 2,372,140 silver ounces and 5,609 gold ounces. MAG’s attributable share includes 1,043,742 silver ounces and 2,468 gold ounces. The company has improved cash reserves to $37M from $18M in Q1. Progress is being made on the power system tie-ins for the Juanicipio plant, with commissioning expected soon. The ramp-up to 85-90% capacity by year-end remains achievable.
On June 22, 2022, MAG Silver Corp. (MAG) held its annual general and special meeting (AGSM), where shareholders approved several key motions. All eight directors were elected, Deloitte LLP was re-appointed as auditors, and the Company's executive compensation strategy was supported. Additionally, shareholders approved the continuation and amendment of the Shareholder Rights Plan. The voting results showed strong support for these decisions, with the majority of votes cast favorably towards the nominees and plans outlined.
MAG Silver Corp. (MAG) reported its Q1 2022 financial results, showcasing a net income of $2,680 compared to a net loss of $3,662 in Q1 2021. The company's gross profit for pre-commercial production sales reached $46,221, driven by the processing of 145,484 tonnes of mineralized material yielding 2,238,810 payable silver ounces. The Juanicipio processing plant is set for full commissioning, expected to reach 85-90% capacity by year-end 2022. Additionally, MAG is advancing its acquisition of Gatling Exploration, enhancing its position in the gold sector.
MAG Silver Corp. reports significant growth in first quarter production from the Juanicipio Project. Total mineralized material processed reached 145,484 tonnes, a substantial increase from 36,395 tonnes year-over-year. The output includes 2.4 million silver ounces and 5,837 gold ounces, with MAG's attributable production being 1,056,000 silver ounces and 2,568 gold ounces. The commissioning of the Juanicipio processing plant is expected mid-2022, with plans to ramp up to 85-90% capacity by year-end.
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