Form SD - Specialized disclosure report

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form SD

 

Specialized Disclosure Report

 

MAG Silver Corp.

 

British Columbia, Canada
(State or other jurisdiction of incorporation)

 

001-33574
(Commission File Number)

 

#770 – 800 West Pender St., Vancouver, BC, V6C 2V6, CANADA
(Address of principal executive office)

 

George Paspalas

604-630-1399
(Name and telephone number, including area code, of the person to contact in connection with this report)

 

 

Check the appropriate box to indicate the rule pursuant to which this form is being filed, and provide the period to which the information in this form applies: 

 

☐ Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1 to December 31, ________________.

 

☒ Rule 13q-1 under the Securities Exchange Act (17 CFR 240.13q-1) for the fiscal year ended December 31, 2023.

 

 

 

 

 

---

 

 

SECTION 1 – CONFLICT MINERALS DISCLOSURE

 

Item 1.01 - Conflict Minerals Disclosure and Report

 

Not applicable

 

Item 1.02 - Exhibit

 

Not applicable

 

SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE

 

Item 2.01 Resource Extraction Issuer Disclosure and Report

 

MAG Silver Corp. (the “Company”) is subject to Canada’s Extractive Sector Transparency Measures Act (“ESTMA”). The Company is relying on the alternative reporting provision of Item 2.01 and providing its ESTMA report for the year ended December 31, 2023 to satisfy the requirements of Item 2.01. The Company’s ESTMA report is available on the Company’s website at https://magsilver.com/investors/#financials-and-filings or on the Government of Canada’s website at https://natural-resources.canada.ca/estma-data. The payment disclosure required by Form SD is included as Exhibit 2.01 to this Form SD.

 

SECTION 3 – EXHIBITS

 

Item 3.01. Exhibits

 

The following exhibit is filed as part of this report.

 

Exhibit Number		Description
2.01		Extractive Sector Transparency Measures Act – Annual Report for the year ended December 31, 2023.

 

 

 

 

---

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the duly authorized undersigned.

 

					MAG Silver Corp.
		By:			/s/ George Paspalas
Date: September 13, 2024					Name: George Paspalas Title: President & CEO

 

 

 

 

 

 

 

 

Extractive Sector Transparency Measures Act - Annual Report
Reporting Entity Name	MAG SILVER CORP.
Reporting Year	From	1/1/2023	To:	12/31/2023	Date submitted	5/29/2204
Reporting Entity ESTMA Identification Number	E905729		Original Submission Amended Report
Other Subsidiaries Included (optional field)
Not Consolidated
Not Substituted
Attestation by Reporting Entity
In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.
Full Name of Director or Officer of Reporting Entity	FAUSTO DI-TRAPANI				Date	5/29/2024
Position Title	CFO

 

 

 

---

 

 

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	1/1/2023	To:	12/31/2023
Reporting Entity Name	MAG SILVER CORP.					Currency of the Report	USD
Reporting Entity ESTMA Identification Number	E905729
Subsidiary Reporting Entities (if necessary)
Payments by Payee
Country	Payee Name	Departments, Agency, etc… within Payee that Received Payments	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid to Payee	Notes
United States of America	Government of the United States of America	United States Department of the Interior - Bureau of Land Management	170,000							170,000	Annual maintenance fees for unpatented mining claims; real property taxes
Canada-Ontario	Apitipi Anicinapek First Nations				55,000					55,000	Capacity funding converted to USD at annual CAD:USD average rate of 1.3497
Canada-Ontario	Matachewan First Nations				55,000					55,000	Capacity funding converted to USD at annual CAD:USD average rate of 1.3497
Mexico	Tax Adminstration Service		310,000							310,000	Mining Claims. Capacity funding converted to USD at annual USD:MXP on date of payment 16.8825
Additional Notes:

 

 

---

 

 

Extractive Sector Transparency Measures Act - Annual Report
Reporting Year	From:	1/1/2023	To:	12/31/2023
Reporting Entity Name	MAG SILVER CORP.					Currency of the Report	USD
Reporting Entity ESTMA Identification Number	E905729
Subsidiary Reporting Entities (if necessary)
Payments by Project
Country	Project Name	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure Improvement Payments	Total Amount paid by Project	Notes
United States of America	Deer Trail	170,000							170,000	Annual maintenance fees for unpatented mining claims
Canada-Ontario	Larder			110,000					110,000	Capacity funding converted to USD at annual CAD:USD average rate of 1.3497
Mexico	Cinco de Mayo	310,000							310,000	Mining Claims. Capacity funding converted to USD at annual USD:MXP on date of payment 16.8825
Additional Notes3:

 

 

 

 

Document Information	12 Months Ended
	Dec. 31, 2023
Document Information:
Document Type	2.01 SD
Amendment	false
CIK	0001230992
Registrant Name	MAG Silver Corp.
Period End Date	Dec. 31, 2023
Reporting Currency	USD

Payments, by Category - USD ($)	Taxes	Fees	Total Payments
Total	$ 480,000	$ 110,000	$ 590,000

Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)	Taxes	Fees	Total Payments
Total	$ 480,000	$ 110,000	$ 590,000
Deer Trail [Member]
Total	170,000		170,000
Larder [Member]
Total		$ 110,000	110,000
Cinco de Mayo [Member]
Total	$ 310,000		$ 310,000

Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)	Taxes	Fees	Total Payments
Total	$ 480,000	$ 110,000	$ 590,000
UNITED STATES
Total	170,000		170,000
UNITED STATES | Government of the United States of America [Member]
Total	170,000		170,000
CANADA
Total		110,000	110,000
CANADA | Apitipi Anicinapek First Nations [Member]
Total		55,000	55,000
CANADA | Matachewan First Nations [Member]
Total		$ 55,000	55,000
MEXICO
Total	310,000		310,000
MEXICO | Tax Adminstration Service [Member]
Total	$ 310,000		$ 310,000

Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)	Amount	Type	Country	Govt.	Project	Resource	Ext. Method
#: 1
	$ 170,000	Taxes	UNITED STATES	Government of the United States of America	Deer Trail	Mag Silver Corp	Open Pit
#: 2
	55,000	Fees	CANADA	Apitipi Anicinapek First Nations	Larder	Mag Silver Corp	Open Pit
#: 3
	55,000	Fees	CANADA	Matachewan First Nations	Larder	Mag Silver Corp	Open Pit
#: 4
	$ 310,000	Taxes	MEXICO	Tax Adminstration Service	Cinco de Mayo	Mag Silver Corp	Open Pit

---