Juanicipio

Ownership: JV: 56% Fresnillo plc, 44% MAG Silver
Location: Zacatecas, 8km SW of Fresnillo
First Production: MID-20
Avg. Annual Anticipated Production (Total): 10 moz silver, 30 koz gold
Indicated and inferred resources (attributable): 248 moz silver, 1.4 moz gold
Estimated Pre-operative Capex: US$305m

8km from the Fresnillo mine; Juanicipio’s mineral zones are located in silver-gold rich sulphide shoots of the veins. This project will be developed on a stand-alone basis.

Overview and Key Exploration:

  • Feasibility study has been concluded by AMC (draft being reviewed by the technical committee)

  • Discussions with suppliers of long term delivery equipment and construction contractors initiated

  • Exploration and development works continue as planned