MAG Silver Corp. is a growth-oriented Canadian development and exploration company focused on becoming a top-tier primary silver mining company by exploring and advancing high-grade, district scale, precious metals projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed with Fresnillo Plc (56%), the operator. The project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp, where the operator is currently advancing underground mine development and commissioning a 4,000 tonnes per day processing plant. Underground mine production of mineralized development material commenced in Q3 2020, and an expanded exploration program is in place targeting multiple highly prospective targets at Juanicipio. MAG is also executing multi-phase exploration programs at the Deer Trail 100% earn-in Project in Utah and the recently acquired Larder Project, located in the historically prolific Abitibi region of Canada. The company, founded in 2003, operates in the Real Estate industry and is headquartered in Canada. Its last investment was a $50.00M Post-IPO Equity investment at 30 June 2020. The identity of the last investment investors is not provided. MAG Silver Corp. stands out with its strategic focus on high-grade silver discovery and development, positioning itself as a key player in the precious metals market. With promising projects and a strong industry presence, the company presents potential opportunities for investors seeking exposure to the silver mining sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Post-IPO Equity | $50.00M | - | 30 Jun 2020 | |
Post-IPO Equity | $60.00M | - | 27 Apr 2020 |
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