Juanicipio Development Receives Joint Approval
MAG Silver Corporation Ordinary Shares (MAG)
Last mag silver corporation ordinary shares earnings: 11/8 06:37 am
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US:NASDAQ Investor Relations:
magsilver.com/s/investorrelations.asp
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Source: GlobeNewswire
VANCOUVER, British Columbia and LONDON, April 11, 2019 (GLOBE NEWSWIRE) -- Fresnillo plc and MAG Silver Corp. confirm that their silver / gold Juanicipio project, held through Minera Juanicipio, has received approval from their respective Boards as well as from the Minera Juanicipio shareholders. Juanicipio Project Highlights Fresnillo plc will be the operator of Juanicipio and holds a 56% majority stake in the Joint Venture, with partner MAG Silver Corp. owning the remaining 44%.Construction to begin immediately with completion expected late 2020, subject to finalizing detailed engineering and securing remaining permits.Total average annual anticipated production of 11.7 moz silver, 43.5 koz gold, with an initial life of mine of 12 years.Considerable further exploration opportunities in license area with potential to scale-up operations in future.E
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