MAG Silver Corp

Primary ticker: TSX:MAG NYSE:MAG
Stage of development: Exploration, Development
Primary minerals: Silver
Project to promote: Juanicipio

Live financials

MAG Silver Corp. (MAG: TSX / NYSE A) is a Canadian exploration and development company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Our principal focus and asset is the Juanicipio Property (44%), being developed in Joint Venture partnership with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world’s premier silver mining camp and we are currently developing the surface and underground infrastructure on the property to support a 4,000 tonnes per day mining operation, with the operational expertise of our JV partner, Fresnillo plc.

Management Profile

George Paspalas, President & CEO

Mr. Paspalas joined MAG on October 15, 2013. Formerly he was the President and Chief Executive Officer of Aurizon Mines; Chief Operating Officer, Silver Standard Resources Inc.; Executive Vice-President and Senior Vice President Projects – Technical Development, Placer Dome Inc.; and President and Chief Executive Officer of Placer Dome Africa. During his career, Mr. Paspalas has been responsible for constructing and operating complex open pit and underground mines in South Africa, Tanzania, Australia, South America and Canada. Mr. Paspalas earned a Bachelor of Engineering (Chemical) degree with Honours from the University of New South Wales in 1984.

What recent news would you like to highlight to investors attending?

Apr 11, 2019
Juanicipio Development Receives Joint Approval

What are your key goals for the next 3, 6 and 12 months?

3 Months:
Aggressive development of the Juancipio Project

6 Months:
Aggressive development of the Juancipio Project

12 Months:
To go into production

In a sentence, what do you think makes your company such a compelling investment?

High Grade Silver, low cost, near production, 19 year mine life, 114 Million cash, no debt