MAG Silver Announces the Appointment of Tim Baker as a Director
March 31 2021 - 4:10PM
MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”
or the
“Company”) is pleased to announce that Mr.
Tim Baker has joined the Company as a member of the Board of
Directors.
Mr. Baker has a B.Sc. in Geology from Edinburgh
University and has substantial experience in operating
international mines and projects. He was Executive Vice President
and Chief Operating Officer of Kinross Gold Corporation prior to
retiring in 2010. Prior to joining Kinross, he was with Placer
Dome, where he held several key roles including Executive General
Manager of Placer Dome Chile, Executive General Manager of Placer
Dome Tanzania and Senior Vice President of the copper producing
Compañia Minera Zaldivar. Mr. Baker is currently Chair of Golden
Star Resources, a director of Sherritt International Corporation
and serves on the Triple Flag Precious Metals Corp. Advisory Board.
Mr. Baker has previously been a director on the boards of Augusta
Resources Corp., Antofagasta PLC, Eldorado Gold Corp., Rye Patch
Gold (later Alio Gold) and Pacific Rim Mining Corp. Mr. Baker is a
member of the Institute of Corporate Directors.
"We are very pleased that Tim has joined our
Board," said Peter Barnes, Chairman of MAG. "He brings a wealth of
operational experience to MAG, which furthers our ability to
enhance shareholder value as Juanicipio becomes a major silver
producer."
Mr. Baker replaces Rick Clark, who has resigned
as a member of the Board so that he may focus his efforts on other
professional duties. On behalf of the Company and its shareholders,
Mr. Barnes extends a special thank you to Mr. Clark for his
contributions to the Company through his years of service as a
Director. The Board and management all wish him well in his future
endeavours.
About MAG Silver Corp.
(www.magsilver.com )
MAG Silver Corp. (MAG: TSX / NYSE A) is a
Canadian development and exploration company focused on becoming a
top-tier primary silver mining company by exploring and advancing
high-grade, district scale, silver-dominant projects in the
Americas. Its principal focus and asset is the Juanicipio Project
(44%), being developed in a Joint Venture partnership with
Fresnillo Plc (56%), the Operator. Juanicipio is located in the
Fresnillo Silver Trend in Mexico, the world's premier silver mining
camp, and the Joint Venture is currently developing an underground
mine and constructing a 4,000 tonnes per day processing plant which
is expected to commence commissioning in Q4-2021. Underground mine
production of development material commenced in Q3-2020. As well,
MAG has an expanded exploration program in place, targeting
multiple highly prospective targets both at the Juanicipio Joint
Venture and at the Deer Trail 100% earn-in project in Utah.
Neither the Toronto Stock Exchange nor the NYSE
American has reviewed or accepted responsibility for the accuracy
or adequacy of this press release, which has been prepared by
management.
This release includes certain statements that
may be deemed to be “forward-looking statements” within the meaning
of the US Private Securities Litigation Reform Act of 1995. All
statements in this release, other than statements of historical
facts are forward looking statements, including statements that
address future mineral production, reserve potential,
exploration drilling, exploitation activities and events or
developments. Forward-looking statements are often, but not always,
identified by the use of words such as "seek", "anticipate",
"plan", "continue", "estimate", "expect", "may", "will", "project",
"predict", "potential", "targeting", "intend", "could", "might",
"should", "believe" and similar expressions. These statements
involve known and unknown risks, uncertainties and other factors
that may cause actual results or events to differ materially from
those anticipated in such forward-looking statements.
Although MAG believes the expectations expressed in such
forward-looking statements are based on reasonable assumptions,
such statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
forward-looking statements. Factors that could cause actual results
to differ materially from those in forward-looking statements
include, but are not limited to, changes in
commodities prices, changes in mineral
production performance, exploitation and exploration
successes, continued availability of capital and financing, and
general economic, market or business conditions, political risk,
currency risk and capital cost inflation. In addition,
forward-looking statements are subject to various risks, including
that data is incomplete and considerable additional work will be
required to complete further evaluation, including but not limited
to drilling, engineering and socio-economic studies and
investment. The reader is referred to the Company’s filings
with the SEC and Canadian securities regulators for disclosure
regarding these and other risk factors. There is no certainty that
any forward looking statement will come to pass and investors
should not place undue reliance upon forward-looking
statements.
Please Note: Investors are urged to consider
closely the disclosures in MAG's annual and
quarterly reports and other public filings, accessible through
the Internet at www.sedar.com and www.sec.gov LEI:
254900LGL904N7F3EL14
For further information on behalf of MAG Silver Corp.
Contact Michael J. Curlook, VP Investor Relations and Communications
Phone: (604) 630-1399
Toll Free: (866) 630-1399
Website: www.magsilver.com
Email: info@magsilver.com
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