MAG Appoints Peter Barnes as Board Chair

VANCOUVER, British Columbia, June 22, 2020 (GLOBE NEWSWIRE) -- MAG Silver Corp. (TSX / NYSE American: MAG) (“MAG” or the “Company”) is pleased to announce that Peter Barnes has been appointed as the Chair of the Board of MAG.  Mr. Barnes first joined the board in late 2012 and has since chaired various Board Committees for MAG, including the Audit Committee and the Governance and Nomination Committee. He has extensive experience in the metals and mining industry, and in 2004, was co-founder of Wheaton Precious Metals (formerly, Silver Wheaton Corp) and CEO from 2006 to 2011, and prior to that was CFO of Goldcorp Inc. from 2005 to 2006. He is a Fellow of the Chartered Professional Accountants of British Columbia and a Member of the Institute of Corporate Directors. He has also served as a member of the Board of the Silver Institute.

Mr. Barnes replaces Jonathan Rubenstein who did not run for re-election at the Company’s Annual General and Special Meeting held June 18, 2020 (see Press Release June 19, 2020).  On behalf of the Company and its shareholders, Mr. Barnes extends a special thank you to Mr. Rubenstein for his unwavering dedication and many contributions to the Company through his years of service as Chair of MAG.

“Under Jonathan’s leadership, the foundation was laid for the Company to make the transition into production,” said Peter Barnes. “I look forward to serving as MAG’s new Board Chair, as the Company becomes a significant silver producer.” 

About MAG Silver Corp.

MAG Silver Corp. is a Canadian advanced stage development and exploration company focused on becoming a top-tier primary silver mining company, by exploring and advancing high-grade, district scale, silver-dominant projects in the Americas. Its principal focus and asset is the Juanicipio Project (44%), being developed in a joint venture with Fresnillo (56%). The Juanicipio Project is located in the Fresnillo Silver Trend in Mexico, the world's premier silver mining camp.  The Juanicipio Joint Venture is currently constructing and developing the surface and underground infrastructure on the property to support a 4,000 tonnes per day mining operation, with the operational expertise of Fresnillo, the project operator. As well, an expanded exploration program is in place at Juanicipio with multiple highly prospective targets across the property.