MAG Silver Corp is Canada-based company focused on development, acquisition and exploration of high-margin and district-scale silver mining properties.
The company also owns exploration projects are located within the Mexican silver belt. It manufactures high-grade silver.
MAG Silver Corp is also engaged in exploration and mining of other metals like zinc, gold, and lead deposits.
It is reportedly the world’s eighth-largest gold producer, fifth largest in zinc production, sixth largest market in lead production.
The property portfolio comprises the following:
• Cinco De Mayo Property
• Juanicipio Property
• Guigui Property
MAG Silver Corp holds a 44 per cent interest in the Juanicipio property through a joint venture. It is located in Fresnillo district, Mexico’s Zacatecas State, and is reportedly a leading silver mining camp. The property consists of epithermal vein deposits of silver, lead, gold and zinc.
It supports 4,000 tons per day (tpd) mining operation through development and construction of surface and underground infrastructure. Fresnillo Plc is the principal operator and holds 56 per cent stake. MAG Silver Corp claims to participate in board and technical committee meetings and Fresnillo handles development, exploration and construction activities at the site.
Deer Trail Project
Located in Utah’s Piute County, the company acquired 100 per cent interest in the historic Deer Trail Mine. The property is spread along the Deer Trail and Alunite Ridge area, where in the project consists of 682 unpatented and 111 patented claims.
The US-based project explores for large carbonate replacement deposit systems and detecting presence of high-grade silver deposits and favorable host rocks at depth. The company is engaged in the exploration of polymetallic deposits, including silver, gold, copper, zinc and lead.
Cinco de Mayo Property
MAG owns and operates the mineral concessions at Cinco de Mayo Property, located in Mexico’s northern Chihuahua State. The property is spread in 190 kilometers covering approximately 25,113 hectares.
The project comprises four zones:
• Cinco de Mayo exploration area
• Pegaso deep discovery
• Pozo Seco high grade resource
• Upper Manto inferred resource
However, the company says the full impairment was recognized in December 31, 2016, when MAG Silver was unable to negotiate a renewed surface access agreement with the local Ejido, who manages surface access in the property.
In addition, MAG Silver claims that the property displays geological potential, and it aims to maintain the concessions in good standing.
The company further claims to focus on adding value to stakeholders, environmental stewardship, health & safety of staff and community engagement.