Frequently Asked Questions
- Where is MAG Silver listed?
MAG Silver Corp. is listed on the Toronto Stock Exchange (TSX) and the NYSE American (NYSE - A)
- What is the ticker symbol?
MAG Silver has the same ticker symbol: MAG -- on both the TSX and NYSE-A
- What is the CUSIP number?
MAG Silver's CUSIP number is 55903Q104.
The acronym CUSIP typically refers to both the "Committee on Uniform Security Identification Procedures" and the 9-character alphanumeric security identifiers that they distribute for all North American securities for the purposes of facilitating clearing and settlement of trades.
- What is an ISIN number?
MAG Silver's ISIN number is CA55903Q1046.
ISIN is an International Securities Identification Number (ISIN) that uniquely identifies a security.
- When is your fiscal year end?
MAG Silver's fiscal year end is December 31.
- What dates are MAG Silver's quarterly filings?
Annual- March 31, 2020 / Q1- May 15, 2020 / Q2- August 14, 2020 / Q3- November 16, 2020 / Annual- March 31, 2021
- Who is MAG Silver's independent auditor?
2800 - 1055 Dunsmuir Street, Bentall 4
Vancouver, BC, V7X 1P4
- Who is MAG Silver's transfer agent?
Computershare Investor Services Inc.
510 Burrard Street, 2nd Floor
Vancouver BC V6C 3B9
- How do I access MAG Silver's regulatory filings?
- How can I obtain an Annual Report?
- Where can I find more comprehensive information about MAG Silver, its business and financials?
- When was MAG Silver incorporated?
MAG Silver was incorporated on April 21, 1999 under the Company Act of the Province of British Columbia.
Its shares were listed on the TSXV, TSX Venture Exchange on April 21, 2000, and MAG moved to a TSX listing on October 5, 2007.
Its shares were formerly listed on the AMEX on July 9th, 2007 which is now called the NYSE A.
MAG Silver trades under the symbol MAG on both the TSX and NYSE-A exchanges.
- What is your ownership of the Juanicipio project?
MAG Silver is 44% owner of the Juanicipio Project and Fresnillo plc is 56% owner and project operator.
- How much silver does the company have in the ground on the Juanicipio Property?
MAG Silver reports its gold and silver resources by way of independent calculations prepared by qualified persons. These calculations are in the form of a National Instrument 43-101 report that meets Canadian reporting standards.
The Mineral Resource Estimate below is reproduced from the 'MAG Silver Juanicipio NI 43-101 Technical Report' with an effective date of 21 October 2017 (the "2017 PEA") and is reported on a 100% project basis (MAG's share is 44%). The 2017 PEA is available on SEDAR and on our website.
Notes: CIM Definition Standards 2014 were used for reporting the Mineral Resources.
Dr A. Ross, Ph.D., P.Geo. of AMC Mining Consultants (Canada) Ltd. is the Qualified Person under NI 43-101 and takes responsibility for the Mineral Resource estimate.
Mineral Resources are estimated at a resource NSR cut-off value of $55 per tonne.
Resource NSR values are calculated in US$ using factors of $0.61 per g/t Ag, $34.27 per g/t Au, $19.48 per % Pb, and $19.84 per % Zn. These factors are based on metal prices of $20/oz Ag, $1,300/oz Au, $0.95/lb Pb, and $1.00/lb Zn and estimated recoveries of 82% Au, 95% Ag, 93% Pb, 90% Zn. The Mineral Resource NSR does not include offsite costs.
Drilling results up to 31 December 2016.
Mineral resources that are not mineral reserves do not have demonstrated economic viability. In addition, the 2017 PEA is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that the 2017 PEA will be realized.
The numbers may not compute exactly due to rounding.
Source: AMC Mining Consultants (Canada) Ltd.
- Where are your operations located?
MAG Silvers projects are located primarily in Mexico. The 44% owned Juanicipio Property is located in the state of Zacatecas, Mexico just outside the town of Fresnillo. The 100% owned Cinco de Mayo Property is located in the State of Chihuahua, Mexico. The company is headquartered in Vancouver, BC, Canada.
- Can I buy shares directly from the company?
MAG Silver does not sell stock directly. Investors can purchase shares of MAG common stock on either Exchange, TSX or the NYSE A through a registered broker and/or discount broker.
- PFIC- Is MAG Silver a Passive Foreign Investment Company for US taxpayers?
The Company is a Passive Foreign Investment Company for US tax purposes.
- Who owns the company?
MAG Silver is a publicly traded Company, with 100% of its shares listed for trading on the Toronto Stock Exchange (TSX) and the NYSE American (NYSE - A). The holders of those shares are approximately 80% institutional investors and 20% retail investors.
- Statement Regarding Qualified Person
Dr. Peter Megaw, Ph.D., C.P.G., MAG's Chief Exploration Officer and a Qualified Person as defined under National Instrument 43-101, has reviewed, verified and approved the written scientific or technical information contained in this Frequently Asked Questions form.
- Cautionary Note to Investors Concerning Forward Looking Statements
This Frequently Asked Questions form contains "forward-looking information" and "forward looking statements" within the meaning of applicable Canadian and United States securities legislation. Statements contained herein that are not based on historical or current fact constitute "forward-looking statements." Forward-looking information may include, but is not limited to, information regarding preliminary economic estimates relating to the Juanicipio Project. Many factors could cause actual results, performance or achievements to be materially different from any future results that may be expressed or implied by such forward-looking statements and information, including, among others, changes in general economic conditions or financial markets, changes in metal prices, general cost increases, and those risks identified in MAG's filings on SEDAR at www.sedar.com and on EDGAR at www.sec.gov/edgar. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law.
- What is AISC?
"AISC" means All-in sustaining costs. The projected AISC was calculated by the authors of the 2017 PEA at a cost of $5.02/Ag by summing life of mine offsite and operating costs, taxes, duties and royalties and sustaining capital, all net of by-product revenues, and dividing the resulting total by the total payable ounces of silver projected to be produced over the life of mine. AISC is not a recognized measure under IFRS and this projected financial measure may not be comparable to AISC metrics presented by other silver producers as they may differ deoending on the criteria used.