MAG Silver (MAG) has notable insider selling

MAG Silver (T:MAG)

Daniel Thomas MacInnis, a Director, disposed 26,500 Common Shares on a direct ownership basis at prices ranging from $21.050 and $21.160 through the public market between November 24th, 2022 and November 25th, 2022. This represents a $560,575 divestment of the company's shares and an account share holdings change of -16.3%.

MAG Silver Corp. is a Canada-based development and exploration company. The Company is focused on acquiring, exploring and developing district-scale projects located primarily in the Americas. Its principal project is Juanicipio Project, which is located in the Fresnillo Silver Trend in Mexico and developing an underground mine and constructing an approximately 4,000 tons per day processing plant. The Company also includes Cinco de Mayo Property. The Cinco de Mayo Property is located approximately 190 kilometers northwest of the city of Chihuahua, in northern Chihuahua State, Mexico, and covers approximately 25,113 hectares. Its property consists of mineralized zones, including the Upper Manto silver-lead-zinc inferred resource, the Pegaso deep discovery, the Pozo Seco high-grade molybdenum-gold resource and the surrounding Cinco de Mayo exploration area. The Company is also executing a multi-phase exploration program at the Deer Trail Project in Utah.