(Oct 7th)The world’s largest primary silver producer, Fresnillo plc reports it acquired a further 2,512,600 common shares of MAG Silver Corp at a price of CDN$5.00 per share. These shares, together with shares already owned by Fresnillo plc total 9,314,877 or approximately 18.95% of MAG Silver’s common shares outstanding, based on MAG Silver’s public disclosure. For full [...]
MAG Silver Corp. reports assay results from an ongoing drill program on Cinco de Mayo property, Chihuahua State, Mexico. Holes 08-40, 44, 46, 48 and 52 all intercepted strong silver, lead, zinc and gold (see Hole 08-48 below) mineralization characteristic of the Jose Manto. Holes 08-48 and 08-52 show significant gold values, with 08-48 reporting 1.50 metres [...]
MAG Silver Corp. reports the Company’s unaudited financial results for the six month period ending June 30, 2008. The Company’s cash position at June 30, 2008 was approximately $64.8 million. All amounts herein are reported in Canadian dollars unless otherwise specified. The Company’s cash is all invested with the Royal Bank of Canada in guaranteed investment [...]
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