Fresnillo and MAG Silver approve $395m Mexico project
The boards of joint venture (JV) partners Fresnillo and MAG Silver have approved the development of the Juanicipio silver and gold project, in Mexico, with construction set to begin immediately.
The project, which will require $395-million in capital expenditure, is expected to produce 11.7-million ounces a year of silver and 43 500 oz/y of gold, over 12 years.