MAG Silver reports Q2 production from Juanicipio

The Juanicipio plant processed 343 thousand tonnes of ore in Q2, a slight increase over the prior quarter and consistent with nameplate capacity of 4,000 tonnes per day. Silver head grade averaged 417 grams per tonne during the quarter maintaining the top end of 2025 grade guidance with year-to-date silver head grade of 423g/t. Gold grades held steady, while lead and zinc grades improved materially, demonstrating the strength of Juanicipio’s polymetallic mineralization. Preliminary Q2 production included 4.3 million ounces of silver and 10,465 ounces of gold. Lead and zinc production rose 9% and 21% quarter-over-quarter, respectively. First half 2025 production of 8.8 million ounces of silver and 20,663 ounces of gold positions Juanicipio well to meet full year production guidance. Comprehensive financial and operational results are expected to be released on August 11, 2025. “Juanicipio continues to fire on all cylinders and continues to demonstrate its versatility as a high-quality, silver-dominant polymetallic operation,” said George Paspalas, MAG Silver’s (MAG) President and CEO. “We delivered another strong quarter of consistent throughput, solid metal contributions, and silver grades right at the top end of our 2025 guidance range. However, the tragic fatality that occurred in July has deeply impacted all of us. While we are proud of the operational performance, our thoughts are foremost with the family, friends, and colleagues of our lost teammate. This painful loss reinforces the absolute importance of safety in everything we do. As we carry forward the positive momentum into the second half of the year, we do so with a renewed commitment to ensuring that every person goes home safely, every single day.”