MAG Silver - Advancing Juanicipio With A Full Treasury
- MAG Silver is advancing the very high-grade Juanicipio silver project in a joint venture with Fresnillo.
- The company took advantage of a high share price to raise $79M which was an opportunistic move as the share price is now 10% lower than the placement price.
- The upside potential could come from the Cinco de Mayo project, but MAG Silver needs to secure the surface rights for that project.
- This might very well have been the last dilution for MAG Silver shareholders, as the remainder of the capex could and should be financed with debt.