Past year: ▲ 81%(19.03 – 34.38 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
24 Feb 2025drilling result▲ Good
MAG gave an exploration update on Larder (Ontario) and Deer Trail (Utah). The headline says deeper high-grade zones were confirmed on the Larder Main Break, new regional zones were found there, and the Carissa zone at Deer Trail was greatly expanded. No grades or widths are visible.
27 Mar 2024resource reserve update● NeutralMajor
MAG filed a technical report on Juanicipio prepared by AMC Mining Consultants, dated 27 March 2024, with qualified person certificates and consents. The visible text gives no resource, reserve, cost or production figures, so none are stated.
3 Aug 2023drilling result▲ Good
MAG reported drilling three new silver, gold and copper zones at Deer Trail, continuing the work that found the Carissa zone. The headline says high-grade mineralization continues to emerge. No grades or widths are visible.
17 Jan 2023drilling result▲ Good
MAG announced a new discovery called the 'Carissa' zone at Deer Trail. Hole DT22-09 had 273.8 m of zoned alteration with sulphide intervals grading 59-266 g/t silver, 0.2-5.5% copper and 0.1-14.8% lead plus zinc. This builds on the Phase I Deer Trail drilling reported in 2021.
7 Sept 2021drilling result▲ Good
MAG reported results from Phase I drilling at Deer Trail, the Utah project it agreed to acquire in September 2020. Hole DT21-02 had 0.50 m grading 426 g/t silver, 6.5 g/t gold and 17.1% lead plus zinc. Hole DT21-03 had 1.90 m grading 952 g/t silver and 38.2 g/t gold (the rest is cut off). The headline calls the results successful.
5 Aug 2021drilling result● Neutral
MAG reported results from 110 holes (39,700 meters) drilled at Juanicipio in 2020, continuing the drilling at the joint venture with Fresnillo. The visible text gives no grades or widths, so none are stated.
4 Mar 2020drilling result▲ Good
MAG announced 2019 infill drilling results at Valdecañas and the discovery of two new veins. The best infill hole, D5-12, hit 5.7 m at 3,884 g/t silver, 8.4 g/t gold, 8.4% lead and 9.7% zinc. The Venadas II discovery hole, P32, hit 1.2 m at 279 g/t silver and 0.7 g/t gold.
14 Feb 2017drilling result▲ Good
MAG reported wide, high-grade intercepts that extend a zone it calls the Valdeca as Deep Zone West, plus strong gold in a second zone (the headline is cut off). A material change report was filed with it. The visible text has no grades or widths, so none are stated.
23 Apr 2015drilling result▲ Good
MAG reported drilling that extends the Valdecañas vein to depth, with the headline citing the 'widest intercepts to date' and a result of 405 g/t silver. The remaining figures are cut off, so the intercept widths are not stated.
7 July 2014resource reserve update● Neutral
MAG refiled the Juanicipio technical report, amended June 30, 2014 'to include enhanced cautionary language'. The underlying resource estimate is the December 31, 2013 estimate, reported on a 100% basis (MAG owns 44%). The report also refers to the 2012 PEA, which described an average of 15.1 million payable ounces of silver a year over the first six full years and a 14.8-year mine life. The visible text does not show the 2014 resource figures.
18 June 2014resource reserve update● NeutralMajor
MAG filed the NI 43-101 technical report (June 12, 2014) supporting the updated Juanicipio resource estimate, prepared by RPA with authors David Ross, Jason Cox and Holger Krutzelmann. The visible text is only the cover and exhibit list, so the resource numbers are not stated here.
27 May 2014resource reserve update▲ GoodMajor
MAG announced an updated resource estimate for Juanicipio, with a headline reference to 'bonanza grade silver'. This is the update the supporting technical report in June covers. The visible text does not include the resource figures, so the change from the earlier estimate (Indicated 6.2Mt at 728 g/t silver, Inferred 7.1Mt at 373 g/t) cannot be stated.
17 Mar 2014drilling result▲ Good
MAG reported high-grade silver-copper-zinc drill intercepts, from a zone whose name is cut off in the headline (it begins 'Salam...'). The visible text has no hole-by-hole numbers, so nothing more can be said about the results.
18 Feb 2014drilling progress report● Neutral
MAG filed a news release headed 'Development & Exploration Update' (February 17, 2014). The visible text is only the cover form and exhibit list, so no results or details can be reported. The filing is now signed by George Paspalas as President & CEO, where earlier filings were signed by Dan MacInnis.
20 Nov 2012resource reserve update● NeutralMajor
MAG filed a technical report on the Upper Manto Deposit in Chihuahua, Mexico (dated November 14, 2012), with the qualified person's consent and certificate. The visible text is only the cover page and exhibit list, so no resource figures or conclusions can be stated. Chihuahua is where Cinco de Mayo is located, so this is likely the report behind the planned initial resource estimate (an inference from the location).
18 July 2012resource reserve update● NeutralMajor
MAG filed the AMC Mining Consultants technical report (effective July 1, 2012) for Minera Juanicipio, the 44%-MAG / 56%-Fresnillo joint venture. Its contents cover a mining concept, capital and operating costs, and an economic analysis built on the November 2011 resource estimate (100 g/t silver cut-off). This appears to be the updated study flagged since July 2011, and it is described as a preliminary study. The visible excerpt is only the table of contents, so the actual economic results, capital cost and resource figures cannot be stated here.
17 May 2012drilling result▲ GoodMajor
MAG reported further Bridge Zone drilling at Cinco de Mayo: 12 of 15 step-out holes hit significant massive sulphides, with best results of 314 g/t silver, 7.6% lead and 14.0% zinc over 4.35 metres (CM12-411) and 2,367 g/t silver with 61.7% lead over 1.71 metres (CM12-405). In response MAG raised its 2012 Cinco drilling budget by $2 million to $5.5 million and went from one to four rigs, with a fifth expected. This continues the March 2012 results and expands the program; it is still exploration, with no resource estimate stated.
26 Mar 2012drilling result▲ Good
MAG reported more drill results at its wholly owned Cinco de Mayo property in Chihuahua. Eight of ten holes in the 'Bridge Zone' hit massive silver-lead-zinc sulphides (assays pending on two), with the best hole CM12-390 at 274 g/t silver, 5.5% lead and 17.2% zinc over 8.08 metres. MAG says this shows mineralization continuing over a 400 metre dip length and, if confirmed, linking up with the Jose Manto into a body at least 4,000 metres long. This builds on the November 2011 hole CM11-380 result; no resource estimate is given.
23 Feb 2012drilling result▲ Good
MAG reported first drill results at La Esperanza in Zacatecas, a project where it is earning a 60% interest from Canasil Resources. The best hole, ES12-03, hit 2.42 metres at 278 g/t silver, 2.8% lead and 5.8% zinc inside a 10.28 metre intercept averaging 97 g/t silver. Drilling continues, with about 4,000 metres planned, and to earn its interest MAG must spend CAD$5 million on exploration by September 1, 2014 (CAD$912,480 done to end of 2011) and pay Canasil CAD$350,000 by September 1, 2013.
3 Feb 2012resource reserve update▲ GoodMajor
MAG filed the RPA technical report supporting its December 19, 2011 resource update for Juanicipio (100% basis, data to August 5, 2011): Indicated 6.2 million tonnes at 728 g/t silver, and Inferred 7.1 million tonnes at 373 g/t silver. The report states there are no Mineral Reserves on the property, and recommends a US$8.65 million 2012 budget (about 36,000 m of drilling) on a 100% basis.
5 Dec 2011resource reserve update● NeutralMajor
MAG filed the independent technical report by Strathcona Mineral Services (dated November 11, 2011) estimating mineral resources for Minera Juanicipio, commissioned by the joint venture's Technical Committee. The report notes the earlier Fresnillo and MAG-side (RPA) year-end 2010 estimates differed in silver grade and were the subject of a technical debate, and the Strathcona estimate follows that. The visible text does not include the final resource figures, so what it means for MAG's 44% share cannot be stated from this excerpt.
