Exhibit 99.1 MAG SILVER CORP. Consolidated Financial Statements (expressed in thousands of US dollars) For the year ended December 31, 2023 Dated: March 18, 2024 A copy of this report will be provided to any shareholder who requests it. VANCOUVER OFFICE TSX: MAG Suite 770 604 630 1399 phone NYSE American : MAG 800 W. Pender Street 866 630 1399 toll free info@magsilver.com Vancouver, BC V6C 2V6 604 681 0894 fax Management’s Responsibility for the Financial Statements The preparation and presentation of the a ...