MAG Silver's Q3 Gold, Silver Output From Juanicipio Plant Increases

MT Newswires Live

Oct 23, 2024

MAG Silver (MAG) on Wednesday reported Q3 gold production from the Juanicipio plant in Mexico of 10,801 ounces, up from 9,434 ounces a year ago.

Silver production increased to 4.9 million ounces from 4.8 million ounces in Q3 2023, the company said.

The company also reported an increase in lead and zinc production to 10.7 million pounds and 16.8 million pounds, respectively, from 8.5 million pounds and 12.7 million pounds a year earlier.

Juanicipio processed 332,290 tonnes of ore in Q3, up from 322,249 tonnes a year earlier, the company added.

MAG Silver owns a 44% stake in the Juanicipio plant, with the remaining stake owned by Fresnillo.

Shares of MAG Silver were down 3.2% in recent trading.

Price: 17.26, Change: -0.57, Percent Change: -3.20

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