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 underground mine production and processing of high-grade mineralized material, an exploration program is in place at Juanicipio 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
2023 Highlights
1.3m
Tonnes milled at head grade of 472g/t silver
16.8m
silver oz produced
37k oz gold production
87%
silver recovery
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
