Mason Hill Advisors Lowers stake in MAG Silver Corp (USA) (MVG)

MAG Silver Corp (USA) (MVG) : Mason Hill Advisors reduced its stake in MAG Silver Corp (USA) by 13.74% during the most recent quarter end. The investment management company now holds a total of 4,567,851 shares of MAG Silver Corp (USA) which is valued at $62.2 Million after selling 727,499 shares in MAG Silver Corp (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.MAG Silver Corp (USA) makes up approximately 33.58% of Mason Hill Advisors’s portfolio.

Other Hedge Funds, Including , Connor Clark Lunn Investment Management Ltd. boosted its stake in MVG in the latest quarter, The investment management firm added 640,525 additional shares and now holds a total of 766,200 shares of MAG Silver Corp (USA) which is valued at $10.4 Million. MAG Silver Corp (USA) makes up approx 0.08% of Connor Clark Lunn Investment Management Ltd.’s portfolio.Oppenheimerfunds boosted its stake in MVG in the latest quarter, The investment management firm added 200,000 additional shares and now holds a total of 1,210,100 shares of MAG Silver Corp (USA) which is valued at $16.5 Million. MAG Silver Corp (USA) makes up approx 0.02% of Oppenheimerfunds’s portfolio. Group One Trading sold out all of its stake in MVG during the most recent quarter. The investment firm sold 3,434 shares of MVG which is valued $46,737.Td Asset Management Inc boosted its stake in MVG in the latest quarter, The investment management firm added 104,000 additional shares and now holds a total of 223,800 shares of MAG Silver Corp (USA) which is valued at $3 Million. MAG Silver Corp (USA) makes up approx 0.01% of Td Asset Management Inc’s portfolio.

MAG Silver Corp (USA) opened for trading at $12.34 and hit $12.83 on the upside on Wednesday, eventually ending the session at $12.74, with a gain of 2.33% or 0.29 points. The heightened volatility saw the trading volume jump to 2,11,925 shares. Company has a market cap of $1,019 M.

MAG Silver Corp. is a Canada-based mineral exploration and predevelopment company. The Company is focused on the acquisition exploration and development of projects located within the Mexican silver belt. Its projects include Juanicipio Property which includes three silver (gold lead and zinc) veins: the East and West Valdecanas Veins and the Juanicipio Vein; Salamandra Property which covers 14719 hectares and is located in the city of Durango in the El Guadiana valley in Durango State; Cinco de Mayo Property which is a 25000-hectare project owned 100% by the Company. Cinco de Mayo is located approximately 190 kilometers north of the city of Chihuahua in northern Chihuahua State Mexico; Salamandra Property which is located in Durango State Mexico; and Guigui Property which is a 4500-hectare property located in the Santa Eulalia Mining District of Chihuahua Mexico and Don Fippi (Batopilas) Property which is located in the Batopilas Chihuahua district of Mexico.

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