MAG Silver Corp. reported production results from Juanicipio Project for the second quarter ended June 30, 2022. The company reported second quarter production of underground development and stope material from the Juanicipio Project (56% /44% Fresnillo plc (“Fresnillo”) and MAG, respectively).

As reported to MAG by the project operator Fresnillo, on a 100% basis, 154,069 tonnes of mineralized material from both underground development and initial stopes were processed during the three months ended June 30, 2022 at an average head grade of 567 silver grams per tonne. Total Juanicipio production for the quarter, based on provisional estimates before offtake agreement adjustments, totaled 2,372,140 silver ounces and 5,609 gold ounces (MAG's attributable 44% interest: 1,043,742 silver ounces and 2,468 gold ounces).