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MAG Silver fully financed without debt

MAG Silver expects to be fully-funded to complete its share of the build costs of the Juanicipio silver project in Zacatecas, Mexico, after completion of a US$50 million at-the-market financing, president and CEO George Paspalas has said on a webcast.

Paul Harris
Surface plant site at Juanicipio in Zacatecas, Mexico

Surface plant site at Juanicipio in Zacatecas, Mexico

MAG is the junior partner in Juanicipio with Fresnillo the operator. The company currently has $132 million in cash and no debt. Paspalas said the joint venture company has started sending ore to the...

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