MAG Silver Corp is a Canadian mineral exploration and development company focused on advancing high-grade silver and gold projects in the Americas. Established in 2003 and headquartered in Vancouver, British Columbia, MAG Silver has emerged as a prominent player in the silver mining industry, known for its exceptional exploration success and commitment to responsible mining practices.
The company's flagship asset is the Juanicipio Project, located in the Fresnillo Silver Trend in Mexico. The Juanicipio Project is a joint venture between MAG Silver (44%) and Fresnillo plc (56%), one of the world's largest silver producers. The project is situated within a prolific silver mining district and is characterized by high-grade silver and gold mineralization. MAG Silver and Fresnillo have been actively developing the Juanicipio Project through exploration, feasibility studies, and construction, with the goal of bringing the project into production.
The Juanicipio Project is expected to be a significant silver producer once in operation, with potential for further resource expansion and mine life extension. MAG Silver and Fresnillo are leveraging their combined technical expertise and operational experience to optimize the development of the project and maximize its value for shareholders.
In addition to the Juanicipio Project, MAG Silver holds a portfolio of exploration-stage properties in Mexico and the United States. These properties include the Cinco de Mayo Project in Mexico and the Deer Trail Project in Utah, offering further potential for significant silver and gold discoveries and resource growth.