09:53 AM EST - MAG Silver Corp. : And Fresnillo plc provided a Juanicipio project update now that construction is well underway, detailed engineering is nearing completion and all major process equipment has been purchased and received on site. Underground mine will commence production ahead of schedule in mid-2020, realizing commercial and operational de-risking opportunities for the joint venture. Over 25 km of underground development has been completed to date on the project. Based on detailed engineering, actual equipment purchases and construction contracts, pre-operative capex, from January 1, 2018, has increased by 11.4% from $395 million U.S. to $440 million U.S. also reflecting expenditure incurred on underground development, supporting infrastructure, and bringing forward some sustaining capital to facilitate the early underground start. MAG Silver Corp.
shares T.MAG are trading up $0.24 at $15.33.
