MAG Silver Appoints John Armstrong to Board: A Strategic Move for Growth

MAG Silver Corp. (TSX / NYSE American: MAG) has announced the appointment of John Armstrong to its Board of Directors, effective January 31, 2025, as part of the company's planned Board refreshment initiative. This strategic move is expected to bring valuable insights and expertise to MAG Silver, driving the company forward in its pursuit of growth and success in the precious metals sector.

Armstrong's extensive leadership experience and strong track record in capital markets, strategic planning, and capital allocation make him an ideal addition to MAG Silver's Board of Directors. His background, which includes serving as the Deputy Head of Investment Banking at BMO Capital Markets, brings a wealth of knowledge and expertise that will be invaluable in shaping MAG Silver's strategic priorities and driving its growth.

Peter Barnes, Chair of the Board, expressed his enthusiasm for Armstrong's appointment, highlighting his broad network within the mining sector and familiarity with MAG and Juanicipio. Barnes believes that Armstrong's insights will provide significant value as MAG Silver continues to advance its strategic priorities and drive the company forward.

The comprehensive, externally facilitated search process focused on a diverse pool of candidates ensures that MAG Silver's Board of Directors remains committed to fostering greater diversity and aligning with the company's strategic direction. By actively seeking candidates from varied backgrounds, MAG Silver demonstrates its dedication to promoting inclusivity and leveraging the benefits of diverse perspectives in its decision-making processes.

MAG Silver's cornerstone asset is the 4,000 tonnes per day Juanicipio Mine, located in the world's premier silver mining camp, the Fresnillo Silver Trend in Mexico. In addition to mining and processing operations, an expanded exploration program is in place targeting multiple highly prospective targets. MAG Silver is also executing multi-phase exploration programs at the 100% earn-in Deer Trail Project in Utah and the 100% owned Larder Project, located in the historically prolific Abitibi region of Canada.

Armstrong's appointment comes at a critical juncture for MAG Silver, as the company continues to advance its high-grade, district scale precious metals projects in the Americas. His expertise in capital markets, strategic planning, and capital allocation will be invaluable in securing financing for MAG Silver's exploration programs and expansion plans. Additionally, Armstrong's network within the mining sector and familiarity with MAG and Juanicipio can help the company build strategic partnerships and alliances, further enhancing its growth prospects.

In conclusion, MAG Silver's appointment of John Armstrong to its Board of Directors is a strategic move that aligns with the company's growth objectives. Armstrong's extensive leadership experience, strong track record in capital markets, and familiarity with MAG and Juanicipio make him an ideal addition to the Board. Through a comprehensive, externally facilitated search process focused on a diverse pool of candidates, MAG Silver has demonstrated its commitment to fostering greater diversity and aligning with the company's strategic direction. As MAG Silver continues to advance its high-grade, district scale precious metals projects, Armstrong's insights and expertise will be invaluable in driving the company forward and achieving its long-term goals.