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Last $6.74 USD
Change Today +0.07 / 1.05%
Volume 27.2K
MVG On Other Exchanges
As of 12:33 PM 07/28/15 All times are local (Market data is delayed by at least 15 minutes).

mag silver corp (MVG) Snapshot

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08/13/14 - $9.65
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04/13/15 - $5.57
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mag silver corp (MVG) Details

MAG Silver Corp., a mineral exploration and predevelopment company, engages in the acquisition, exploration, and development of district scale projects located within the Mexican silver belt, Mexico. It explores for copper, gold, silver, lead, and zinc. The company owns 100% interests in the Cinco de Mayo property covering an area of 25,000 hectares in Chihuahua State, Mexico; the Guigui project covering an area of 4,500 hectares in the Santa Eulalia Mining District of Chihuahua State, Mexico; and the Don Fippi mining concessions located in the Batopilas, Chihuahua district of Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.

8 Employees
Last Reported Date: 03/30/15

mag silver corp (MVG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$500.0K
Chief Financial Officer and Member of Disclos...
Total Annual Compensation: C$230.0K
Chief Exploration Officer and Member of Discl...
Total Annual Compensation: C$294.9K
Corporate Secretary
Total Annual Compensation: C$105.0K
Vice President of Investor Relations & Commun...
Total Annual Compensation: C$155.0K
Compensation as of Fiscal Year 2014.

mag silver corp (MVG) Key Developments

MAG Silver Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

MAG Silver Corp. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company’s net loss amounted to $2,536,174 or $0.04 per share compared to $1,093,162 or $0.02 share a year ago. The net loss increased in the current quarter compared to prior period, primarily as a result of a foreign exchange loss of $1,093,759 which resulted from holding Canadian dollar net monetary assets while the US dollar strengthened against the Canadian dollar. extending beyond the next 12 months. The primary use of cash during the three months ended March 31, 2015 was on the Juanicipio property, where the company expended on its own account and through advances to Minera Juanicipio, S.A. de C.V. $2,191,673 compared to $1,755,906 a year ago. The company also incurred expenditures on its other properties totaling $437,030 compared to a year ago $357,726 and $108,625 compared to $1,374,424 a year ago on the Salamandra earn-in option.

MAG Silver Corp., Annual General Meeting, Jun 22, 2015

MAG Silver Corp., Annual General Meeting, Jun 22, 2015., at 10:30 Pacific Standard Time. Location: Vancouver Club. Agenda: To receive the report of the directors of the company; to receive the audited financial statements of the company for the financial year ended December 31, 2014 and accompanying report of the auditor; to set the number of directors of the company at eight; to elect the eight nominees of the company standing for election as directors of the company to hold office for the ensuing year; to appoint Deloitte LLP, Chartered Accountants, as the auditor of the company for the ensuing year and to authorize the directors to fix their remuneration; to approval certain amendments to the company's deferred share unit plan; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.

MAG Silver Corp. Reports New Exploration Results from the Valdeca

MAG Silver Corp. reported new exploration results from the Valdeca as Vein on the Minera Juanicipio S.A. de C.V. (Minera Juanicipio") Joint Venture property (owned 44% by MAG and 56% by Fresnillo plc). Four new exploration step-out holes were targeted approximately 100 metres below the existing Deep Zone" Indicated and Inferred Resources. The four holes were drilled on 150 metre centres over a strike length of approximately 500 metres below the en echelon overlap zone between the East and West Valdeca as Veins and include the three widest and deepest intercepts to date on the property. This new zone appears to be the extension of the southwest dipping Valdeca as Vein system and it remains open to depth along the entire strike length within the Joint Venture boundary. These intercepts widen progressively up to 32.09 metres (true widths) towards the east in the central portion of the property, significantly extending the widening Deep Zone to depth. The intercepts also show significant amounts of calc-silicate (skarn) alteration in and around the veins and the first significant copper values for the entire area; both indications of higher temperature mineralization conditions. The high silver and gold in Holes P2 and P3 coincide with zones of overprinted quartz veins that cut across earlier base-metal rich calc-silicate vein stages, indicating superimposition of an additional precious-metals rich vein stage.


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