Sep 19, 2022 / 05:00PM GMT
Peter Megaw - MAG Silver Corp - Chief Exploration Officer
Okay. Well, good morning, and thank you for being here to -- and it's a real pleasure again at the Denver Gold Group to talk about MAG Silver and talk about our progress over the last year, as we emerge as a tier-one silver producer.
So as always, I will be making forward-looking statements. At MAG, we are very proud of our record of turning forward-looking statements into history. But past performance is no guarantee of future performance, so please do your due diligence, as you always would.
So as an emerging tier-one producer, there's a number of things going on. We are processing mineralization from development workings and initial stoping at excess capacity with our friends and partners at Fresnillo Plc, next door. This gave us a gross profit in Q2 of 2022 of $37 million. And in July, we produced 1 million ounces of silver, operating at the equivalent of 2,000 tonnes a day, which is half of the capacity of our mill.
We expect that mill to ramp up in the latter part of this quarter into the next year, depending on
MAG Silver Corp at Denver Gold Americas Explorer & Developer Forum (Virtual) Transcript
Sep 19, 2022
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