MAG Silver Reports On Juanicipio PEA Study

 

VANCOUVER, BC - MAG Silver Corp. reported the results of an updated National Instrument 43-101 compliant Preliminary Economic Assessment for the Juanicipio Project in Zacatecas State, Mexico. The Updated Preliminary Economic Assessment was commissioned by Minera Juanicipio S.A. de C.V., a Mexican joint venture company, owned 44% by MAG and 56% by Fresnillo plc and was carried out by AMC Mining Consultants (Canada) Ltd.

The AMC Study defines the Juanicipio Project as an economically robust, high-grade underground silver project exhibiting minimal financial or development risks that will produce an average of 15.1 million payable ounces of silver over the first full six years of commercial production and 10.3 million payable ounces per year over a 14.8 year total mine life. With the completion of the AMC Study, MAG and Fresnillo now have a framework on which the joint venture Technical Committee can build upon for the continued advancement of the Juanicipio Project.