MAG Silver Announces the Appointment of Dale Peniuk as a Director
03 August 2021 - 11:00PM
MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG”
or the
“Company”) is pleased to announce that Mr.
Dale Peniuk has joined the Company as a member of its Board of
Directors.
Mr. Peniuk is a Chartered Professional
Accountant (CPA, CA) and corporate director. Mr. Peniuk currently
serves on the board and as audit committee chair of Lundin Mining
Corporation, Capstone Mining Corp. and Argonaut Gold Inc., and has
been on the board and chair of the audit committee of numerous
other Canadian public mining companies since 2006. Mr. Peniuk
obtained his Bachelor of Commerce degree from the University of
British Columbia in 1982 and his Chartered Accountant designation
from the Institute of Chartered Accountants of British Columbia
(now the Chartered Professional Accountants of British Columbia) in
1986, and spent more than 20 years with KPMG LLP Chartered
Accountants and predecessor firms, the last 10 of which as an
assurance partner with a focus on mining companies, including
leading KPMG’s Vancouver office mining industry group.
Concurrent with his appointment as a director of
the Company, Mr. Peniuk has also been appointed as Chair of the
Company's Audit Committee.
“I am delighted to welcome Dale to our Board,”
said MAG’s Chairman, Peter Barnes. “Dale is a highly respected,
experienced mining director whose skill set complements those of
our existing Board members. We believe that his extensive financial
and accounting experience will be invaluable to MAG as we enter
into production at Juanicipio.”
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, and an
expanded exploration program is in place targeting multiple highly
prospective targets both at Juanicipio by the Joint Venture and by
MAG 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
Website: www.magsilver.com
Toll Free:(866) 630-1399
Email: info@magsilver.com
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