Also reported was the mine’s first mineral reserve estimate, totalling 15.4 million tonnes proven and probable at grades of 248 g/t silver, 1.58 g/t gold, 2.64% lead and 4.80% zinc.
Juanicipio transitioned into commercial production in June 2023. For the calendar year, the mine yielded 16.8 million oz. of silver plus 36,700 oz. of gold, calculated on a 100% owned basis.
In addition to mining, an exploration program is in place at Juanicipio, targeting multiple highly prospective targets.
“In addition to near-mine exploration potential, the overall 7,679-hectare Juanicipio property remains largely unexplored with high potential for the discovery of new mineralization,” the company said in a press release.
Nestled in the heart of the Fresnillo silver trend of Mexico, the underground mine is jointly owned by MAG, holding a 44% stake, and Fresnillo plc, the world’s largest primary silver producer and its operator, who controls…
