Vancouver, BC, Canada - June 21, 2013, Vancouver, BC, Canada - MAG Silver Corp., a silver mining company, announced that George Paspalas will succeed Dan MacInnis as MAG Silver's president and chief executive officer, effective October 15, 2013.
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Mr. Paspalas brings a wealth of technical, operating and capital market experience to MAG. Most recently he served as CEO of Aurizon. Mr. Paspalas' career includes fourteen years in senior management positions. He served as the Chief Operating Officer at Silver Standard Resources Inc. Before joining Silver Standard, Mr. Paspalas held senior management positions with Placer Dome Inc., including Executive Vice-President and Senior Vice President Projects - Technical Development and as President and Chief Executive Officer of Placer Dome Africa.
During his career, Mr. Paspalas has been responsible for constructing and operating complex open pit and underground mines in South Africa, Tanzania, Australia, South America and Canada; evaluating and negotiating project acquisitions; communicating operational performance and development plans and progress to the investment community; mitigating mining project risk and improving safety and site environmental performance; developing strategic community partnerships; managing government affairs relating to permitting or operating activities; negotiating commercial concentrate contracts; and improving operational performance.
Mr. Paspalas earned a Bachelor of Engineering (Chemical) degree with Honours from the University of New South Wales in 1984.
Mr. MacInnis has more than thirty years experience in worldwide mineral exploration - including Mexico. He has managed and directed exploration programs for Noranda Exploration, Battle Mountain Gold/Hemlo Gold, and Sargold Resources. Mr. MacInnis has extensive global experience in property acquisitions and joint venture negotiations and operation. A significant number of mineral discoveries have been made under the guidance of Mr. MacInnis. Discoveries include gold and base metal deposits in the US, Canada and Mexico. ■