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MAG is focused on district scale projects located within the Mexican Silver Belt. MAG's vision is to become one of the premier companies in the silver mining industry. MAG is conducting ongoing exploration of its portfolio of 100% owned properties in Mexico including a silver, lead and zinc discovery and a moly-gold discovery at its 100% owned Cinco de Mayo property in Chihuahua State. MAG and Fresnillo plc are jointly delineating a significant new silver vein discovery on the Juanicipio Joint Venture in Zacatecas State. The MAG Silver Corp. web site is at www.magsilver.com.
As of the financial filings for the quarter ending 2010-03-31, the company had C$24.25M in cash (and short term equivalents). The cash flow in the quarter was (C$-2.17M).
Information Links: Yahoo News and Quotes | Yahoo Message Board (MVG) | StockCharts | Stockhouse
More Information Links: Fresnillo on the LSE | Fresnillo PLC site | Knobias | Canadian Insider Trading | Candlestick Analysis MAG.TO | Candlestick Analysis MVG |
What is a Scoping Study |
Valdecaņas Scoping Study Results Reviewed, Conference Call Transcript
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2010-08-04.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2010-09-02 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$89.01 |
| Average Ore Value per Tonne | US$82.65 |
| Metal Value Leverage (MVL) | 11.62 |
| Market Capitalization as a Percentage of Metal Value | 8.6% |
| Recent Closing Stock Price | C$8.07 [note 1] |
| Fully Diluted Share Count | 58.13 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 53% |
| Percentage In Situ Inferred Resource | 47% |
| Metric | Value on 2010-09-02 |
|---|---|
| Silver Reserves + Resources | 83.40 M oz |
| Average Silver Ore Grade | 94.2 g/t |
| Market Capitalization per oz of Silver In Situ | US$5.34 ( C$5.63 ) |
| Silver Equivalent Ounces Estimate | 262.77 M oz |
| Market Capitalization per oz of Silver Equivalent | US$1.69 ( C$1.79 ) |
Note 1: Conversion rate used: 1 Cnd$ = 0.949244 US$
Note 2: Fully diluted share count taken from MAG Silver Corp. web page for share structure, viewed August 2010.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | Silver | Molybdenum | Lead | Zinc | ||
|---|---|---|---|---|---|---|---|
| Total Counts (reserves + resources) | 611.10 K oz | 83.40 M oz | 66.80 K t | 90.98 K t | 153.48 K t | ||
| Metal Prices in US$ (from 2010-09-02) | $1,251.30 per oz | $19.69 per oz | $15.30 per lb | $0.96240 per lb | $0.94810 per lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $13.15 | $28.25 | $38.76 | $3.32 | $5.52 | ||
| Percentage of Total Metal Value | 14.78% | 31.74% | 43.55% | 3.73% | 6.20% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | 0% | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 53% | 44% | 64% | 34% | 35% | ||
| Metal Value Percentage Inferred | 47% | 56% | 36% | 66% | 65% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Gold | Silver | Molybdenum | Lead | Zinc | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|---|
| Pozo_Seco | Chihuahua, Mexico | $46.54 ( 52.3% ) | 361.39 K oz | 66.80 K t | 0 | 64% | 36% | |||
| Juanicipio | Zacatecas, Mexico | $42.46 ( 47.7% ) | 249.72 K oz | 83.40 M oz | 90.98 K t | 153.48 K t | 0 | 41% | 59% |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
Latest NI43-101 Report: TECHNICAL REPORT ON THE MINERAL RESOURCE UPDATE FOR THE JUANICIPIO JOINT VENTURE, ZACATECAS STATE, MEXICO
2009-04-08 (98 pages).
Updates: MAG Silver Reports Restated Valdecaņas Mineral Resource to Correct Estimation Error, March 04, 2009 .
Project Location: Zacatecas, Mexico. View the Juanicipio Silver project on a Google Map.
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.99 | 92.64 K oz | 2.220 g/t | 2.95 M t |
| Silver | $12.42 | 36.68 M oz | 879.000 g/t | 2.95 M t |
| Lead | $1.13 | 31.02 K t | 23,900.000 g/t | 2.95 M t |
| Zinc | $1.94 | 53.87 K t | 41,500.000 g/t | 2.95 M t |
Estimate notes: See 17 MINERAL RESOURCE AND MINERAL RESERVE ESTIMATES on p. 63 of 98 of the
(NI) 43-101 report dated April 8, 2009.
Resource quantities adjusted for ownership percentage of 44.0%.
Mineral resource blocks are within wireframes constructed with a minimum true thickness of 1.5 metres and a
minimum NSR value of US$50 per tonne, which is the effective cut-off. All blocks within the wireframes are reported as mineral resource.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $3.38 | 157.07 K oz | 1.540 g/t | 7.21 M t |
| Silver | $15.82 | 46.71 M oz | 458.000 g/t | 7.21 M t |
| Lead | $2.19 | 59.96 K t | 18,900.000 g/t | 7.21 M t |
| Zinc | $3.58 | 99.61 K t | 31,400.000 g/t | 7.21 M t |
Estimate notes: See notes for Indicated above.
Resource quantities adjusted for ownership percentage of 44.0%.
Pozo Seco is a significant high grade molybdenum and gold deposit on the 100% owned Cinco de Mayo property in northern Chihuahua State. [Source: 2010-Aug-04 PR]
Latest NI43-101 Report:
(0 pages).
Updates: MAG Silver Announces First Resource Estimate For Pozo Seco, August 4, 2010 News Release.
Project Location: Chihuahua, Mexico.
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $5.03 | 233.62 K oz | 0.250 g/t | 29.07 M t |
| Molybdenum | $24.79 | 42.73 K t | 1,470.000 g/t | 29.07 M t |
Estimate notes: See Table 1 - Mineral Resource Estimate for the Pozo Seco Deposit in the August 4, 2010 news release.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $2.75 | 127.76 K oz | 0.170 g/t | 23.38 M t |
| Molybdenum | $13.97 | 24.08 K t | 1,030.000 g/t | 23.38 M t |
Estimate notes: See Indicated note.
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