Project Overview
The Juanicipio Mine (“Juanicipio”) is a high-grade silver-gold-zinc-lead epithermal vein system on the Fresnillo Silver Trend in Mexico, the world’s premier silver mining belt.
MAG’s 4,000 tonnes per day Juanicipio Mine (44%) is operated by Fresnillo Plc (56%) and located approximately 6 km west of the mining city of Fresnillo.
In addition to mining and processing operations, an expanded exploration program is in place targeting multiple highly prospective targets.
Zacatecas and Fresnillo Silver Trend
46%
Of Mexico’s Silver
10%
Of Global Silver Production
4
Silver Districts Produced Over 1 Billion oz.
Fresnillo Silver District
#1
Area For Silver In The World
3+
Billion oz. Of Silver Produced
Ag
Home Of The Juanicipio Mine
Juanicipio
95%
Open For Exploration
4000
Tonnes Per Day
$9.19
Per oz. Silver AISC
Juanicipio Snapshot
7,679
Hectares covered by project
85
Precious metals
75
Silver
4,000
100% nameplate production
2024 Highlights
1.328m
Tonnes milled at head grade of 468g/t silver
18.6m
silver oz produced
39k oz gold production
93%
silver recovery, exceeding design
Production and Operating Profile
The Juanicipio Mine is running at 4,000 tpd. Additionally, with only 5% of the project explored to date, MAG has significant exploration upside at Juanicipio.
- Silver recoveries continue to improve and are consistently at or above 88%, with ongoing initiatives to optimize recoveries
- MAG continues to focus on cost control and optimization, with operating margins and AISC improving quarter over quarter
- MAG fully transitioned to Juanicipio as a stand-alone operation in August, 2023
MAG Success to Date
2003
- Juanicipio Vein
2006
- Valdecañas Vein
(Bonanza Zone)
2015
- Valdecañas Deep Zone West
2016
- Valdecañas Deep Zone East
- Anticipada Vein
2019
- Pre-Anticipada Vein
- Venadas I and Venadas II Veins
2022
- Mill Commissioned
2023
- Achieved nameplate production
