Form SD - Specialized disclosure report
September 13 2024 - 5:05PM
Edgar (US Regulatory)
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.
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.
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MAG Silver Corp.
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By:
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/s/ George Paspalas
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Date: September 13, 2024
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Name: George Paspalas
Title: President & CEO
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Extractive Sector Transparency Measures Act - Annual Report
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Reporting Entity Name
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MAG SILVER CORP. |
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Reporting Year
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From
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1/1/2023
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To:
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12/31/2023
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Date submitted
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5/29/2204
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Reporting Entity ESTMA Identification Number
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E905729 |
 Original Submission
 Amended Report
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Other Subsidiaries Included
(optional field)
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Not Consolidated
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Not Substituted
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Attestation by Reporting Entity
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| 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. |
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Full Name of Director or Officer of Reporting Entity
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FAUSTO DI-TRAPANI |
Date
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5/29/2024
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Position Title
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CFO
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Extractive Sector Transparency Measures Act - Annual Report
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Reporting Year
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From:
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1/1/2023
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To:
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12/31/2023
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Reporting Entity Name
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MAG SILVER CORP.
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Currency of the Report
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USD
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Reporting Entity ESTMA Identification Number
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E905729
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Subsidiary Reporting Entities (if necessary)
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Payments by Payee
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Country
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Payee Name
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Departments, Agency, etc… within Payee that Received Payments
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Taxes
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Royalties
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Fees
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Production Entitlements
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Bonuses
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Dividends
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Infrastructure Improvement Payments
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Total Amount paid to Payee
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Notes
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United States of America
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Government of the United States of America
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United States Department of the Interior - Bureau of Land Management
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170,000
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170,000
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Annual maintenance fees for unpatented mining claims; real property taxes
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Canada-Ontario
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Apitipi Anicinapek First Nations
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55,000
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55,000
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Capacity funding converted to USD at annual CAD:USD average rate of 1.3497
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Canada-Ontario
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Matachewan First Nations
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55,000
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55,000
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Capacity funding converted to USD at annual CAD:USD average rate of 1.3497
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Mexico
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Tax Adminstration Service
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310,000
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310,000
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Mining Claims. Capacity funding converted to USD at annual USD:MXP on date of payment 16.8825
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Additional Notes:
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Extractive Sector Transparency Measures Act - Annual Report
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Reporting Year
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From:
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1/1/2023
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To:
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12/31/2023
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Reporting Entity Name
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MAG SILVER CORP.
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Currency of the Report
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USD
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Reporting Entity ESTMA Identification Number
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E905729
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Subsidiary Reporting Entities (if necessary)
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Payments by Project
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Country
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Project Name
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Taxes
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Royalties
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Fees
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Production Entitlements
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Bonuses
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Dividends
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Infrastructure Improvement Payments
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Total Amount paid by Project
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Notes
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United States of America
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Deer Trail
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170,000
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170,000
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Annual maintenance fees for unpatented mining claims
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Canada-Ontario
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Larder
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110,000
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110,000
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Capacity funding converted to USD at annual CAD:USD average rate of 1.3497
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Mexico
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Cinco de Mayo
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310,000
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310,000
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Mining Claims. Capacity funding converted to USD at annual USD:MXP on date of payment 16.8825
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Additional Notes3:
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v3.24.2.u1
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v3.24.2.u1
Payments, by Category - USD ($)
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Taxes |
Fees |
Total Payments |
| Total |
$ 480,000
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$ 110,000
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$ 590,000
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v3.24.2.u1
Payments, by Project - 12 months ended Dec. 31, 2023 - USD ($)
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Taxes |
Fees |
Total Payments |
| Total |
$ 480,000
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$ 110,000
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$ 590,000
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| Deer Trail [Member] |
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| Total |
170,000
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170,000
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| Larder [Member] |
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| Total |
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$ 110,000
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110,000
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| Cinco de Mayo [Member] |
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| Total |
$ 310,000
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$ 310,000
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| X |
- Details
| Name: |
rxp_ProjectAxis=cik1230992_DeerTrailMember |
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| Data Type: |
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| Balance Type: |
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- Details
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rxp_ProjectAxis=cik1230992_LarderMember |
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| Balance Type: |
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- Details
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rxp_ProjectAxis=cik1230992_CincodeMayoMember |
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v3.24.2.u1
Payments, by Government - 12 months ended Dec. 31, 2023 - USD ($)
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Taxes |
Fees |
Total Payments |
| Total |
$ 480,000
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$ 110,000
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$ 590,000
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| UNITED STATES |
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| Total |
170,000
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170,000
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| UNITED STATES | Government of the United States of America [Member] |
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| Total |
170,000
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170,000
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| CANADA |
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| Total |
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110,000
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110,000
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| CANADA | Apitipi Anicinapek First Nations [Member] |
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| Total |
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55,000
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55,000
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| CANADA | Matachewan First Nations [Member] |
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| Total |
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$ 55,000
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55,000
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| MEXICO |
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| Total |
310,000
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310,000
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| MEXICO | Tax Adminstration Service [Member] |
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| Total |
$ 310,000
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$ 310,000
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| X |
- Details
| Name: |
rxp_CountryAxis=country_US |
| Namespace Prefix: |
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| Data Type: |
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rxp_GovernmentAxis=cik1230992_GovernmentoftheUnitedStatesofAmericaMember |
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| Namespace Prefix: |
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| Data Type: |
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| Namespace Prefix: |
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| X |
- Details
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rxp_CountryAxis=country_MX |
| Namespace Prefix: |
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| Data Type: |
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| Name: |
rxp_GovernmentAxis=cik1230992_TaxAdminstrationServiceMember |
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v3.24.2.u1
Payments, Details - 12 months ended Dec. 31, 2023 - USD ($)
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Amount |
Type |
Country |
Govt. |
Project |
Resource |
Ext. Method |
| #: 1 |
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$ 170,000
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Taxes
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UNITED STATES
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Government of the United States of America
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Deer Trail
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Mag Silver Corp
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Open Pit
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| #: 2 |
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55,000
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Fees
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CANADA
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Apitipi Anicinapek First Nations
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Larder
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Mag Silver Corp
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Open Pit
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| #: 3 |
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55,000
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Fees
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CANADA
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Matachewan First Nations
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Larder
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Mag Silver Corp
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Open Pit
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| #: 4 |
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$ 310,000
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Taxes
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MEXICO
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Tax Adminstration Service
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Cinco de Mayo
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Mag Silver Corp
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Open Pit
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| X |
- Details
| Name: |
rxp_PmtAxis=1 |
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