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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. website is at www.magsilver.com.
As of the financial filings for the quarter ending 2010-09-30, the company had C$46.51M in cash (and short term equivalents). The cash flow in the quarter was (C$-4.81M).
Information Links: Yahoo News and Quotes | Yahoo Message Board (MVG) | StockCharts
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 |
Valdecañas 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 2012-02-03.
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 2012-02-03 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$123.05 |
| Average Ore Value per Tonne | US$124.81 |
| Metal Value Leverage (MVL) | 14.31 |
| Market Capitalization as a Percentage of Metal Value | 7.0% |
| Recent Closing Stock Price | C$8.54 [note 1] |
| Fully Diluted Share Count | 59.13 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 62% |
| Percentage In Situ Inferred Resource | 38% |
| Metric | Value on 2012-02-03 |
|---|---|
| Silver Reserves + Resources | 101.31 M oz |
| Average Silver Ore Grade | 108.9 g/t |
| Market Capitalization per oz of Silver In Situ | US$5.02 ( C$4.98 ) |
| Silver Equivalent Ounces Estimate | 216.35 M oz |
| Market Capitalization per oz of Silver Equivalent | US$2.35 ( C$2.33 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share June, 2011 financial statement.
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) | 688.73 K oz | 101.31 M oz | 66.80 K t | 98.69 K t | 187.62 K t | ||
| Metal Prices in US$ (from 2012-02-03) | $1,725.90 / oz | $33.63 / oz | $14.00 / lb | $1.00640 / lb | $0.96490 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $20.10 | $57.62 | $34.87 | $3.70 | $6.75 | ||
| Percentage of Total Metal Value | 16.34% | 46.83% | 28.34% | 3.01% | 5.49% | ||
| Metal Value Percentage Proven + Probable | 0% | 0% | 0% | 0% | 0% | ||
| Metal Value Percentage Measured + Indicated | 58% | 63% | 64% | 53% | 57% | ||
| Metal Value Percentage Inferred | 42% | 37% | 36% | 47% | 43% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | Silver | Molybdenum | Lead | Zinc | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Juanicipio | Zacatecas, Mexico | $77.63 ( 63.1% ) | US$784.39 | 327.35 K oz | 101.31 M oz | 98.69 K t | 187.62 K t | 0 | 60% | 40% | |
| Pozo_Seco | Chihuahua, Mexico | $45.42 ( 36.9% ) | US$51.21 | 361.39 K oz | 66.80 K t | 0 | 64% | 36% |
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
MAG Silver owns 44% of Minera Juanicipio, S.A. de C.V., a Mexican incorporated joint venture company, which owns and operates the Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. Fresnillo holds the remaining 56% interest in the joint venture and is the project operator. The Juanicipio property hosts at this time two significantly identified high grade silver (gold/lead and zinc) veins: the Valdecañas Vein and the Juanicipio Vein.
Latest NI43-101 Report: TECHNICAL REPORT ON THE
MINERAL RESOURCE UPDATE FOR
THE JUANICIPIO JOINT VENTURE,
ZACATECAS STATE, MEXICO
2012-02-01 (102 pages).
Project Location: Zacatecas, Mexico. View the Juanicipio Silver project on a Google Map.
Average Ore Value (all estimate types): US$784.39
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $4.86 | 166.64 K oz | 1.900 g/t | 6.20 M t |
| Silver | $36.32 | 63.85 M oz | 728.000 g/t | 6.20 M t |
| Lead | $1.94 | 51.83 K t | 19,000.000 g/t | 6.20 M t |
| Zinc | $3.83 | 106.39 K t | 39,000.000 g/t | 6.20 M t |
Estimate notes: Table 1 Estimate of Mineral Resources for the Juanicipio Project as of June 2011 on p. 10 of 99 in the technical report dated November, 2011.
Resource quantities adjusted for ownership percentage of 44.0%.
100 g/t Ag cut-off
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $4.69 | 160.70 K oz | 1.600 g/t | 7.10 M t |
| Silver | $21.31 | 37.46 M oz | 373.000 g/t | 7.10 M t |
| Lead | $1.76 | 46.86 K t | 15,000.000 g/t | 7.10 M t |
| Zinc | $2.92 | 81.22 K t | 26,000.000 g/t | 7.10 M t |
The Cinco de Mayo Project is a 15,000 hectare district scale project owned 100% by MAG Silver. Cinco de Mayo is located approximately 190 kilometres north of the city of Chihuahua, in northern Chihuahua State, Mexico, and is the most advanced of MAG’s four Carbonate Replacement Deposit style targets. The project consists of two major parts: The Pozo Seco molybdenum-gold resource area and the surrounding Cinco de Mayo exploration area. [Source: March 31, 2011 MD&A]
Updates: MAG Silver Announces First Resource Estimate For Pozo Seco, August 4, 2010 News Release.
Project Location: Chihuahua, Mexico.
Average Ore Value (all estimate types): US$51.21
Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $6.82 | 233.62 K oz | 0.250 g/t | 29.07 M t |
| Molybdenum | $22.30 | 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 | $3.73 | 127.76 K oz | 0.170 g/t | 23.38 M t |
| Molybdenum | $12.57 | 24.08 K t | 1,030.000 g/t | 23.38 M t |
Estimate notes: See Indicated note.
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