Business
Statement re Juanicipio project update
Statement re Juanicipio project update.
About this update from Fresnillo Plc
[{"type":"text","content":"\n \n \n RNS Number : 8681D\n Fresnillo PLC\n 24 February 2020\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n MAG Silver Corp. Fresnillo plc\n \n \n Suite 770 21 Upper Brook Street\n \n \n 800 W. Pender Street London W1K 7PY\n \n \n Vancouver, BC, V6C 2V6 United Kingdom\n \n \n www.magsilver.com\n \n \n www.fresnilloplc.com\n \n \n \n \n \n \n 24 February 2020\n \n \n \n \n \n Juanicipio Project Update\n \n \n Fr\n esnillo plc and MAG Silver Corp. (together, the \"JV Partners\") today provide 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. \n \n \n \n \n \n Juanicipio Project Status Update\n \n \n \n \n \n ·\n Underground mine will commence production ahead of schedule in mid-2020, realising commercial and operational de-risking opportunities for the joint venture. \n \n \n · \n Over 25 km of underground development has been completed to date on the project.\n \n \n ·\n Based on detailed engineering, actual equipment purchases and construction contracts, pre-operative capex, from 1st January 2018, has increased by 11.4% from US$395 million to US$440 million also reflecting expenditure incurred on underground development, supporting infrastructure, and bringing...