MAG Silver is a Canadian mining company with a clear focus on silver in Mexico. The company recently brought its Juanicipio project into production together with mega-partner Fresnillo. Investors can expect the big breakthrough in 2022, when the company will enter commercial silver production with the help of its own processing plant. Steady new discoveries only hint at the extent of further silver potential. The second silver project, Deer Trail, also recently produced extremely good results. Since a few months, commodity legend and star investor Eric Sprott is also on board.
The Juanicipio project is 44% owned by MAG Silver and 56% by Fresnillo, one of the world's largest silver producers, which operates several other mega-projects right next to Juanicipio. Incidentally, within the Fresnillo Silver Trend, Juanicipio is virtually surrounded by high-caliber mining projects that to date have produced more than four billion ounces of silver and thus more than 10% of total global silver production.