MAG Silver (MAG) Newsfilter·2025-04-23 10:50Core Viewpoint - MAG Silver Corp. reports exceptional operational performance and record-breaking silver recovery at the Juanicipio mine for Q1 2025, solidifying its position as a leading silver operation [1][2]. Production Highlights - The Juanicipio plant processed 337 thousand tonnes of ore in Q1 2025, a slight increase of 0.9% from Q4 2024 and a 3.4% increase from Q1 2024 [2][7]. - The average silver head grade was 430 grams per tonne, reflecting a 3.1% increase from Q4 2024 but a 9.7% decrease from Q1 2024 [2][7]. - Silver production reached 4.469 million ounces, a 5.0% increase from Q4 2024 and a 0.5% increase from Q1 2024 [2][7]. - Gold production was 10,198 ounces, marking a 12.8% increase from Q4 2024 and a 2.7% increase from Q1 2024 [2][7]. - Lead and zinc production also saw increases, with lead at 10,576 klb (up 7.0% from Q4 2024) and zinc at 16,894 klb (up 8.1% from Q4 2024) [2][7]. 2025 Guidance - Silver production is forecasted to be between 14.7 million and 16.7 million ounces, with payable silver production expected between 13.1 million and 14.9 million ounces [4][6]. - The throughput rate is projected at 4,000 tonnes per operating day, with silver head grades ranging from 380 g/t to 430 g/t and gold head grades from 1.2 g/t to 1.4 g/t [4][6]. - Cash operating costs are expected to range from (1.00 per silver ounce sold, while all-in sustaining costs are forecasted between 8.00 per silver ounce sold [5][6]. Capital Investments - Sustaining capital expenditures for 2025 are estimated between 80 million, focusing on tailings dam expansion and underground infrastructure development [5][6]. - Expansion capital expenditures are projected between 28 million, aimed at installing an underground conveyor system to enhance mining efficiency [5][6]. Operational Enhancements - The Juanicipio mine achieved a record silver recovery rate of 96% in Q1 2025, attributed to metallurgical enhancements implemented in 2024 [7]. - The company is focused on optimizing production and advancing key capital investments to sustain and enhance output [2][8].