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. Management's Report on Internal Control over Financial Reporting VANCOUVER OFFICE Suite 770 800 W. Pender Street Vancouver, BC V6C 2V6 604 630 1399 phone 866 630 1399 toll free 604 681 0894 fax TSX: MAG NYSE American : MAG info@magsilver.com Management's Responsibility for t ...