MAG Silver Reports Fourth Quarter Production From Juanicipio

VANCOUVER, British Columbia, Jan. 26, 2022 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) is pleased to report fourth quarter production of underground development and stope material from the Juanicipio Project (56% / 44% Fresnillo plc (“Fresnillo”) and MAG Silver, respectively). As reported to MAG by the project operator Fresnillo, 113,950 tonnes of mineralized material from both underground development and from initial stopes were processed during the three months ended December 31, 2021. The mineralized material processed in the quarter represents approximately 45% of all the tonnes processed for the year ended December 31, 2021. Total Juanicipio production for the quarter based on provisional estimates before offtake agreement adjustments totaled 1,632,000 silver ounces and 3,985 gold ounces (MAG’s attributable 44% interest: 718,080 silver ounces and 1,754 gold ounces). For the year ended December 31, 2021 a total of 251,907 tonnes of mineralized material were processed primarily from underground development, resulting in 3,200,000 silver ounces and 6,577 gold ounces (MAG’s attributable 44% interest: 1,408,000 silver ounces and 2,894 gold ounces). The associated lead and zinc production will be reported with MAG’s year end filings.  

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