Issue link: http://resourceworld.uberflip.com/i/1174544
10 www.resourceworld.com O C T O B E R / N O V E M B E R 2 0 1 9 weakens from here. Located in Zacatecas, Mexico, Juanicipio is a joint venture proj- ect owned 44% by MAG Silver and 56% by Fresnillo Plc. Back in April 2019, the partners said construction was to begin immediately on a 4,000 tonnes per day operation with a completion date set for 2020. At full capacity, Juanicipio is expected to produce an average of 11.7 million ounces of silver and 43,500 ounces of gold annually. Pre-operating capex is estimated at US $395 million. "We want the silver price to be higher, don't get me wrong, the higher the better," Paspalas said. "Higher price enhances the value of an extremely robust project," he said. What follows are summaries of other companies that are involved in the explo- ration and development of silver projects and mines. Alexco Resources Corp.'s [AXU-TSX, NYSE American] key asset is the 100%- owned United Keno Hill Mine in the Yukon, Canada's second largest historical producer of silver after Cobalt, Ontario. During an illustrious history, it produced 217 million ounces of the precious metal. On March 28, 2019, Alexco released the results of an independent Pre-Feasibility Study, which puts the Keno Hill Project on a clear path to production. The study was centred on the Flame & Moth and Bermingham deposits, with contributions of 60% and 30% respectively. Supplemental mine pro- duction is expected to be sourced from the Bellekeno deposit early in the production period and from the Lucky Queen deposit later in the mine life. Average annualized contained silver in concentrate is forecast at 4.0 million ounces annually, based on full production years. Recent drilling intersected 8.1 metres at a composite grade of 1,414 g/t silver at the Bermingham Deep target. Avino Silver & Gold Mines Ltd. [ASM- TSX, NYSE American] has exploration and development projects in Mexico and British Columbia. The company operates two producing mines on its Avino prop- erty near Durango, Mexico. The Mexican mines are the Avino and San Gonzalo. The San Gonzalo Mine is located approxi- mately 2 km from the original Avino Mine and beneath the shallow workings of an old mine from the Colonial period. The Avino property yielded 599,593 ounces of silver equivalent in the second quarter of 2019, a decrease of 19% from the year ago quarter. In the same period, gold production also declined by 7% to 1,609 ounces, while copper production was down 21% to 1.13 million pounds. Bear Creek Mining Corp. [BCM-TSXV, Lima] is a Peru-focused silver explora- tion and development company with significant leverage to silver prices. The company's flagship Corani property is an advanced stage project that hosts one of the largest undeveloped silver deposits in the world, with a projected 18-year mine life. Bear Creek said it is continuing to advance and de-risk the Corani Project and will consider a production decision when market conditions are right. Corani contains over 250 million ounces of silver, 2.7 billion pounds of lead, and 1.8 billion pounds of zinc. It is expected to produce over 8 million ounces of silver and 150 million of combined lead and zinc over an 18-year mine life. Brixton Metals Corp. [BBB-TSXV; BXTMF-OTC] has begun its Phase II exploration program at its Thorn silver- gold-base metals project in northwest British Columbia comprising 7,000 to 10,000 metres with two drills on two dis- tinct porphyry targets within the Camp Creek copper corridor and the Chivas Zone. The company wholly-owns four exploration projects, including Thorne and the Atlin Goldfields projects in northwestern BC, the Langis-Hudson Bay silver-cobalt project in northeast Ontario and the Hog Heaven silver-gold-copper project in Montana. Hog Heaven is an epithermal vein-breccia deposit with his- torical high-grade silver production. SILVER Production Startup H2-2020 $US 114* Cash + NO DEBT Significant Exploration Upside High Margin / AISC $5.02/oz Ag TF: 1 866-630-1399 info@magsilver.com *as at June 30, 2019