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Corporate Presentations

Investor Relations

2021 Sustainability Report

MAG Silver Corp is developing one of the highest grade and largest primary silver assets in the world.

MAG Silver is exploring the potential of a large-scale integrated CRD / skarn / porphyry system.

Development

Juanicipio

Our principal focus and asset is the Juanicipio Property (44%), being developed with Fresnillo Plc (56%). Juanicipio is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp where the operator is currently developing and underground mine and constructing a 4,000 tonnes per day mining processing plant. Underground mine production of mineralized development material commenced in Q3 2020. The mine was brought into commercial production in Jan 2022 and the plant is awaiting final electrical tie-in in the coming weeks.

High Grade Silver
in the Fresnillo Silver Trend
Over 53+ km of
Underground Development
95% Recovery
4000 tonnes per day
19 Year Mine Life
AISC $5.02/oz Ag
82% Recovery
93% Recovery
90% Recovery
Significant Exploration Upside

Discovery

Exploration in The Americas

The Juanicipio property is located in Fresnillo Silver District and Trend, in the Zacatecas, Mexico, the preeminent area for silver in the world today. The Juanicipio project is a sizable property at 16 km long and 7km wide but only 5% of the property has been explored to date. MAG Silver has an ongoing exploration program in place targeting multiple highly prospective targets across the property.

At Deer Trail, Utah MAG Silver is exploring a large-scale integrated CRD-skarn-porphyry system where it is currently working on its second drill program.

MAG has also initiated a drilling campaign on the newly acquired Larder Project, located in the prolific Abitibi Greenstone belt.

Juanicipio Deer Trail

Discovery Success:

2019
Pre-Anticipada
2019
Vendanas I

Vendanas II
2016
Anticipada
2016
Valdencañas Vein Deep Zone East Deep Zone West
2006
Valdencañas Vein Bonanza Zone
2003
Juanicipio Vein

Mexico:
- #1 World Silver Production:
  5,400 tonnes
- #8 World Gold Production:
  122 tonnes
- 25%
  
  of all the world’s historic
  silver was produced in Mexico
- #5 in Zinc Production: 680,000 MT
  
  #6 in Lead Production: 230,000 MT
Glossary
Zacatecas & Fresnillo Silver Trend:
- Zacatecas produces 17% of
  current world output of Silver
- Zacatecas produces 46.5% of
  Mexico’s Silver
- 10%
  
  Fresnillo Silver Trend produced
  10% of the worlds historic silver
- 4
  
  Silver Districts Over One Billion oz
Glossary
Fresnilllo Silver District
- Preeminent Area For Silver In The World
- 3.3
  
  Billion oz of Silver:
  Historically mined + reserves + resources
- Home to Fresnillo and MAG Silver
Glossary
Juanicipio
- Worlds Highest Grade Silver Asset of size
- SIGNIFICANT EXPLORATION POTENTIAL
- $5.02 AISC per oz of Silver
- 4000
  19
  
  Tonnes per day
  
  Year initial mine life
Glossary

Responsibility

Health & Safety, Environment, Social, Governance,

We are committed to delivering lasting and sustainable value to our people, stakeholders and host communities. Our approach to responsible development integrates health, safety, environment and social responsibility into our business strategy.