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Extractive Sector Transparency Measures Act - Annual Report



Reporting Entity Name

MAG SILVER CORP.

Reporting Year

From

1/1/2024

To:

12/31/2024

Date submitted

5/22/2025

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

5/22/2025

Position Title

CFO

‌Extractive Sector Transparency Measures Act - Annual Report‌

Reporting Year

From:

1/1/2024

To:

12/31/2024

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 Name1

Departments, Agency, etc… within Payee that Received

Payments2

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure Improvement Payments

Total Amount paid to Payee

Notes34

Canada -Ontario

Matachewan First Nation

120,000

120,000

Capacity funding converted to USD at annual CAD:USD average rate of

0.73003

Canada -Ontario

Province of Ontario

Township of McGarry

20,000

20,000

Capacity funding converted to USD at annual CAD:USD average rate of

0.73003

Canada -Ontario

Apitipi Anicinapek First Nation

120,000

120,000

Capacity funding converted to USD at annual CAD:USD average rate of

0.73003

United States of America

Government of the United

States of America

Bureau of Land Management

210,000

210,000

Annual maintenance fees for

unpatented mining claims

United States of America

Government of the United

States of America

Piute County

20,000

20,000

Real property taxes

United States of America

Government of the United

States of America

Sevier County Treasurer

10,000

10,000

Real property taxes

Mexico

Government of Mexico

Tax Administration Services (SAT)

1,380,000

1,380,000

Capacity funding converted to USD at annual MXP:USD average rate of

0.05490

Additional Notes:

‌Extractive Sector Transparency Measures Act - Annual Report

Reporting Year

From:

1/1/2024

To:

12/31/2024

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 Name1

Taxes

Royalties

Fees

Production Entitlements

Bonuses

Dividends

Infrastructure

Improvement Payments

Total Amount paid by

Project

Notes23

Canada -Ontario

Larder

20,000

240,000

260,000

Capacity funding converted to USD at annual CAD:USD

average rate of 0.73003

United States of America

Deer Trail

30,000

210,000

240,000

Annual maintenance fees for

unpatented mining claims; real property taxes

Mexico

Cinco de Mayo

600,000

600,000

Capacity funding converted to USD at annual MXP:USD average rate of 0.054898

Mexico

Juanicipio

780,000

780,000

Capacity funding converted to USD at annual MXP:USD average rate of 0.054898

Additional Notes3:

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Disclaimer

MAG Silver Corp. published this content on June 18, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 18, 2025 at 19:42 UTC.