Last C$9.90 CAD
Change Today +0.43 / 4.54%
Volume 258.1K
MAG On Other Exchanges
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As of 4:00 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

mag silver corp (MAG) Snapshot

Open
C$9.53
Previous Close
C$9.47
Day High
C$9.91
Day Low
C$9.52
52 Week High
06/24/14 - C$11.42
52 Week Low
12/20/13 - C$5.15
Market Cap
673.2M
Average Volume 10 Days
363.7K
EPS TTM
C$-0.49
Shares Outstanding
68.0M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MAG SILVER CORP (MAG)

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mag silver corp (MAG) Details

MAG Silver Corp. focuses on advancing two significant projects located within the Mexican Silver Belt. It explores for silver, lead, zinc, copper, and gold. The company is engaged in pre-development on the high grade Valdecañas Silver vein and delineating the Desprendido and Juanicipio discoveries in Zacatecas State, all within the joint venture between MAG Silver and Fresnillo PLC. It is also involved in delineating its district scale 100% owned Cinco de Mayo property in Chihuahua State. MAG Silver Corp. is headquartered in Vancouver, Canada.

8 Employees
Last Reported Date: 03/31/14

mag silver corp (MAG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$106.1K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$230.0K
Corporate Secretary
Total Annual Compensation: C$100.5K
Vice President of Investor Relations & Commun...
Total Annual Compensation: C$107.3K
Compensation as of Fiscal Year 2013.

mag silver corp (MAG) Key Developments

MAG Silver Corp. Reports Additional Silver-Copper and Pervasive Zinc Mineralization at Salamandra

MAG Silver Corp. announced assay results from its twelve hole, 6,500 metre Phase 2 drill program on the Salamandra Property in Durango, Mexico optioned from Canasil Resources Inc. Phase 2 drilling began in late February of 2014 and concluded in May. The Phase 1 assays were released in a press release dated March 17, 2014, and combined with Phase 2, MAG has now drilled 10,112 metres in 17 holes on the Salamandra property, complementing an initial 12 holes previously drilled by Canasil. MAG's Phase 2 exploration program consisted of five follow-up holes (SA 14-19, 20, 22, 24, 29) designed to determine the geometry of the best holes drilled in Phase 1 (SA13-13, and SA14-15) plus seven exploration holes testing geological, geochemical and geophysical anomalies around the previously undrilled half of the circumference of the district's central intrusive complex. To date, 15 of MAG's 17 total holes have cut appreciable widths of strongly anomalous zinc mineralization, leaving the entire system prospective for further drilling. The drill results will now be used to refine earlier interpretation of extensive Canasil airborne and ground geophysical data prior to Phase 3 drilling. The best follow-up hole is SA-20, which cut 0.63 metres grading 258 grams per tonne (7.5 ounces per ton) silver with 0.27% copper lying immediately above 9.9 metres grading 2.4% zinc. These values and relative position are very similar to that seen 380 metres deeper in SA14-15 and appear to reflect the same mineralized zone. Hole SA-22, also drilled to off-set Hole 15, cut several zinc-rich zones but appears to have been drilled above and parallel to the mineralized zone cut in Holes 15 and 20. Similarly, the first two of the three follow-up holes (SA14-19, 24 and 29) drilled to offset the broad zinc-zone cut in Hole SA13-13 each cut significant widths of zinc mineralization but the intercept geometries prevent correlation. The seven exploration holes tested the remaining previously undrilled half of the circumference of the intrusive center. Hole SA14-28 was the best of these exploration holes, cutting 173.46 metres of 1.0% zinc mineralization starting 20 metres below the surface. Holes SA14-19, 20, 21, 22, 24 and 25 also hit notable widths of zinc mineralization. The latter hole and hole SA14-18, were drilled away from the intrusive centre to test under the Recent basalt flows that flank the entire project area; both cut major faults interpreted to be the reactivated western margin of the Central Mexico Basin, the principal regional structural control on several major CRD-skarn systems.

MAG Silver Corp. Announces Board Changes

MAG Silver Corp. announced that Dr. Peter Megaw and Messrs. Eric Carlson and Frank Hallam, all of whom did not stand for re-election as directors for the ensuing year, at the annual general and special meeting of the company held on June 24, 2014. The company said that it will maintain its close relationship with Dr. Megaw, who will continue to lead exploration efforts, and Frank Hallam will remain accessible to the MAG Silver Finance Committee.

MAG Silver Corp. Announces Updated Independent Mineral Resource Estimate for the Juanicipio Property

MAG Silver Corp. announced an updated independent Mineral Resource estimate for the Juanicipio Property completed by Roscoe Postle Associates Inc. on behalf of MAG. The updated estimate reflects the results of 40 infill holes drilled in 2012 and 2013, and is based on drill results available as of December 31, 2013. The new estimate demonstrates a conversion of previously classified Inferred Resources into the Indicated category and reports a deep lower grade resource separately. The Juanicipio property, located in the Fresnillo District, Zacatecas State, Mexico. The Mineral Resources on the Juanicipio Property are contained within the Valdecañas Vein System and the Juanicipio Vein. The updated RPA estimate uses a cut-off of $70/tonne Net Smelter Return, which includes contained values for silver, gold and base metals. The Valdecañas and Juanicipio Veins display the vertical grade transition from upper silver rich zones to deep gold and base metal dominant areas that is typical of Fresnillo District veins, and epithermal silver veins in general. The Resource Estimate has been manually divided into the Bonanza Grade Silver Zone and the Deep Zone to reflect this vertical compositional zonation and highlight the definition of the Deep Zone. The BGS Zone resource veins have a similar footprint as previous resource estimates, with the higher drill density converting a significant proportion of the previous Inferred Resource into the Indicated category. The increased drill density also provides a better understanding of the vein geometry and indicates that the Valdecañas Vein actually comprises two overlapping “en-echelon” veins rather than a single vein offset by a fault. This reveals an area of overlap, with incrementally increased tonnage. A number of new holes, targeted below the limits of the previous resource estimate, intersected significant widths (10.5 to 25.8 metres true thickness) of lower grade mineralization, which combined with previous deep intercepts led to the definition of the new Deep Zone resource.

 

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