Global silver mine production is expected to increase by 2.4% to around 842 million ounces in 2023 and a silver deficit of 142 million ounces of silver is seen which should further support the price. MAG Silver's Juanicipio mine has reached commercial production, and MAG was also added to the NYSE Arca Gold Miners Index effective June 20, 2023. And MAG Silver's Deer Trail exploration project drilled three new silver, gold and copper zones.
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