Mag Silver Corp. reported unaudited consolidated earnings results for first quarter ended March 31, 2013. For the period, the company reported net loss of $1,658,073 compared to $754,371 in the same period last year. The prior period's loss included a deferred tax recovery of $840,052 which did not apply this quarter. Interest income was $39,463 against $71,180 a year ago. Basic and diluted loss per share was $0.03 against $0.01 a year ago. Net cash used in operating activities was $1,217,347 against $1,637,781 a year ago. Exploration and evaluation expenditures was $1,559,977 against $2,145,769 a year ago.

Mag Silver Corp. Presents at European Gold Forum 2013, Apr-16-2013 04:00 PM. Venue: Park Hyatt, Beethoven-Strasse 21, Zurich 8002, Switzerland.

Mag Silver Corp. reported audited consolidated earnings results for the year ended December 31, 2012. For the year, the company reported net loss amounted to $12,109,761 or $0.22 per share compared to $8,250,743 or $0.15 per share in 2011. The increased net loss in 2012 is due to increased exploration and evaluation cost write-downs (Esperanza - $2,468,379 and a claim under the Lagartos properties $896,099, compared to $531,515 in 2011 for the San Ramone property) and costs incurred in 2012 dealing and negotiating with a dissident group of MAG shareholders. The 2011 comparable loss was also reduced by the receipt of a $1.86 million arbitration award recognized as income in the prior year. The company announced that effective March 15, 2013, Mr. Gordon Neal, VP of Corporate Development, resigned from the company for personal reasons. Mr. Neal joined MAG in 2005, and has been an integral part of the company's growth and success. Mr. Neal has agreed to be available to the company on a consulting basis through a transitional period. Effective March 4, 2013, the company appointed Mr. Michael Curlook as Vice President, Investor Relations and Communications. Mr. Curlook recently held the position of Head of Investor Relations and Communications for Great Basin Gold Ltd. and was previously Manager of Investor Relations for Farallon Mining/Hunter Dickinson Inc. The company also announces, that Mr. Michael Petrina, VP of Operations has tendered his resignation effective mid-April, to accept a new position based in Ontario. Mr. Petrina has been instrumental in overseeing the AMC Study for Minera Juanicipio, and has agreed to be available to the company as a consultant during a transitional period.