Partnership in Mexico Passes Major Hurdle Toward Becoming World's Most Productive Silver Mine

Investment professionals around the world are cheering the go-ahead decision for the Juanicipio silver and gold mine in the Fresnillo Silver Trend district in central Mexico.

In April, Fresnillo Plc (FRES:LSE) and MAG Silver Corp. (MAG:TSX; MAG:NYSE.MKT) jointly announced that both boards approved the Juanicipio project and construction work is expected to be completed in late 2020. A dozen investment firms that specialize in analyzing precious metal mining companies rated MAG Silver Corp as a Buy.

Fresnillo and MAG Silver are partnered in a joint venture called Minera Juanicipio. The average annual production at their Juanicipio project is calculated at 11.7 million ounces (Moz) silver and 43.5 Koz gold, with an initial life of mine of 12 years. The productive period could be extended since the metal veins are rich, prospecting reports reveal.

Macquarie Research advised, "With Juanicipio now officially being constructed, we would be adding to or establishing a position in MAG Silver for exposure to a best-of-breed asset