- Business
- MAG Silver Corp. is a Canadian mining company focused on advancing high-grade, district-scale precious metals projects in the Americas. The company holds a 44% joint venture interest in the Juanicipio mine, a 4,000 tonnes per day underground silver mine operated by Fresnillo plc in the Fresnillo Silver Trend of Zacatecas, Mexico; a 100% interest in the Larder exploration project in the Abitibi region of Ontario, Canada; and a 100% earn-in option on the Deer Trail exploration project in Utah, USA. Juanicipio produces silver, gold, lead, zinc, and pyrite concentrates from high-grade ore, with recent enhancements including improved metal recovery rates, commercial pyrite production, and strong output of approximately 16.8 million silver ounces and 37,000 gold ounces in 2024. Exploration activities target multiple prospects at Juanicipio, Larder, and Deer Trail to expand resources. Founded in 2003 and headquartered in Vancouver, British Columbia, MAG Silver operates primarily in Mexico, Canada, and the United States. In September 2025, Pan American Silver Corp. completed its acquisition of all issued and outstanding common shares of MAG Silver for approximately $2.1 billion in cash and shares, integrating MAG's assets into Pan American's portfolio; MAG shares were delisted from the Toronto Stock Exchange on September 8, 2025, and from NYSE American on September 4, 2025, with MAG now operating as a subsidiary.