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VANCOUVER, British Columbia, Feb. 03, 2025 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) proclaims the appointment of John Armstrong to the Board of Administrators, efficient January 31, 2025, as a part of MAG’s deliberate Board refreshment.
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“We’re more than happy to welcome John to our Board,” mentioned Peter Barnes, Chair of the Board. “With intensive management expertise and a powerful observe document in capital markets, strategic planning and capital allocation, John brings vital worth as we proceed to advance MAG’s strategic priorities. We consider that his broad community throughout the mining sector coupled together with his familiarity with MAG and Juanicipio, will present helpful insights as we proceed to drive the Firm ahead.”
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Mr. Barnes added: “John’s appointment comes following a complete, externally facilitated search course of focussed on a various pool of candidates. Our Board is dedicated to fostering better variety, and whereas we targeted on figuring out candidates from different backgrounds, we in the end chosen John as a result of his experience, management and imaginative and prescient aligned completely with the strategic path of the Firm.”
About John Armstrong
Mr. Armstrong is at the moment CEO of Versamet Royalties, a personal metals royalty and streaming firm. Previous to Versamet, he spent a few years with BMO Monetary Group. Most lately, he held the place of Deputy Head of Funding Banking, BMO Capital Markets the place he was accountable for shaping and executing the agency’s funding banking technique throughout its numerous business verticals, and delivering company finance (fairness underwriting, debt underwriting and company lending) and advisory options to purchasers.
John holds a Bachelor of Commerce from the Sauder College of Enterprise on the College of British Columbia and an MBA with Honours from the Rotman College of Administration on the College of Toronto.
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About MAG Silver Corp. (www.magsilver.com)
MAG Silver Corp. is a growth-oriented Canadian mining and exploration firm targeted on advancing high-grade, district scale treasured metals tasks within the Americas. MAG is a top-tier main silver mining firm via its (44%) three way partnership curiosity within the 4,000 tonnes per day Juanicipio Mine, operated by Fresnillo plc (56%). The mine is positioned within the Fresnillo Silver Development in Mexico, the world’s premier silver mining camp, the place along with mining and processing operations, an expanded exploration program is in place concentrating on a number of extremely potential targets. MAG can be executing multi-phase exploration applications on the 100% earn-in Deer Path Mission in Utah and the 100% owned Larder Mission, positioned within the traditionally prolific Abitibi area of Canada.
Neither the Toronto Inventory Change nor the NYSE American has reviewed or accepted accountability for the accuracy or adequacy of this press launch, which has been ready by administration.
This launch contains sure statements which may be deemed to be “forward-looking statements” throughout the which means of the US Non-public Securities Litigation Reform Act of 1995 or “forward-looking data” throughout the which means of relevant Canadian securities laws (collectively, “forward-looking statements”), together with statements that deal with our expectations with respect to the timing of, and modifications to, the Firm’s Board of Administrators. All statements on this launch, apart from statements of historic details are forward-looking statements. Ahead-looking statements are sometimes, however not at all times, recognized by means of phrases reminiscent of “search”, “anticipate”, “plan”, “proceed”, “estimate”, “anticipate”, “might”, “will”, “venture”, “predict”, “potential”, “concentrating on”, “intend”, “might”, “may”, “ought to”, “consider” and related expressions. These statements contain identified and unknown dangers, uncertainties and different components which will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. Elements that would trigger precise outcomes to vary materially from these within the forward-looking statements recognized herein embrace, however aren’t restricted to, modifications in relevant legal guidelines, continued availability of capital and financing, and common financial, market or enterprise situations, political danger, foreign money danger and capital price inflation. As well as, forward-looking statements are topic to numerous dangers, together with these dangers disclosed in MAG Silver’s filings with the Securities Change Fee (the “SEC”) and Canadian securities regulators. All forward-looking statements contained herein are made as on the date hereof and MAG Silver undertakes no obligation to replace the forward-looking statements contained herein. There isn’t a certainty that any forward-looking assertion will come to cross, and traders mustn’t place undue reliance upon forward-looking statements.
Please Be aware: Traders are urged to think about intently the disclosures in MAG’s annual and quarterly reviews and different public filings, accessible via the web at www.sedar.com and www.sec.gov.
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