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Interview with President & CEO George Paspalas at the PDAC 2024 in Toronto. MAG Silver operates the Juanicipio silver mine in Mexico in a joint venture with Fresnillo and holds 44% of the project. The mine is in full production and generates good cash flows for MAG Silver. These are partly invested in exploration at Deer Trail and Larder and also included in the cash reserves. With the current outbreak in the precious metals market, MAG Silver is a good lever on the silver price, as margins increase significantly with higher silver prices.
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Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry. Established in 1980, Major Drilling has over 1,000 years of combined experience and expertise within its management team alone.