MAG Silver Appoints John Armstrong to the Board of Administrators as A part of Deliberate Board Refreshment

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VANCOUVER, British Columbia, Feb. 03, 2025 (GLOBE NEWSWIRE) — MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or “MAG Silver”) declares 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 very happy to welcome John to our Board,” stated Peter Barnes, Chair of the Board. “With in depth management expertise and a powerful monitor file in capital markets, strategic planning and capital allocation, John brings important worth as we proceed to advance MAG’s strategic priorities. We imagine that his broad community inside the mining sector coupled along with his familiarity with MAG and Juanicipio, will present worthwhile 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 larger range, and whereas we centered on figuring out candidates from assorted backgrounds, we in the end chosen John as a result of his experience, management and imaginative and prescient aligned completely with the strategic course of the Firm.”
About John Armstrong
Mr. Armstrong is at present CEO of Versamet Royalties, a non-public metals royalty and streaming firm. Previous to Versamet, he spent a few years with BMO Monetary Group. Most not too long ago, he held the place of Deputy Head of Funding Banking, BMO Capital Markets the place he was answerable for shaping and executing the agency’s funding banking technique throughout its varied trade verticals, and delivering company finance (fairness underwriting, debt underwriting and company lending) and advisory options to shoppers.
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 centered on advancing high-grade, district scale treasured metals tasks within the Americas. MAG is a top-tier main silver mining firm by means of 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 also be executing multi-phase exploration applications on the 100% earn-in Deer Path Venture in Utah and the 100% owned Larder Venture, positioned within the traditionally prolific Abitibi area of Canada.
Neither the Toronto Inventory Alternate 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 consists of sure statements which may be deemed to be “forward-looking statements” inside the which means of the US Personal Securities Litigation Reform Act of 1995 or “forward-looking info” inside 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 adjustments to, the Firm’s Board of Administrators. All statements on this launch, apart from statements of historic info are forward-looking statements. Ahead-looking statements are sometimes, however not all the time, recognized by way of phrases comparable to “search”, “anticipate”, “plan”, “proceed”, “estimate”, “anticipate”, “could”, “will”, “mission”, “predict”, “potential”, “concentrating on”, “intend”, “may”, “may”, “ought to”, “imagine” and related expressions. These statements contain recognized and unknown dangers, uncertainties and different elements that will trigger precise outcomes or occasions to vary materially from these anticipated in such forward-looking statements. Components that would trigger precise outcomes to vary materially from these within the forward-looking statements recognized herein embrace, however usually are not restricted to, adjustments in relevant legal guidelines, continued availability of capital and financing, and common financial, market or enterprise situations, political threat, forex threat 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 Alternate 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 any certainty that any forward-looking assertion will come to go, and traders shouldn’t place undue reliance upon forward-looking statements.
Please Word: Traders are urged to contemplate carefully the disclosures in MAG’s annual and quarterly reviews and different public filings, accessible by means of the web at www.sedar.com and www.sec.gov.
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