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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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Maza Drilling is a Mexican company established in 2007 in Mazatlán, Sinaloa. Our Canadian founder, Mr. Guy de Launiere, has over 20 years of international experience managing diverse drilling operations. Maza Drilling strives to compete at the highest levels in terms of recovery, effectiveness, efficiency, and affordability at every project while keeping at the forefront of technology to meet our customer’s needs in this demanding market.