08:12 AM EDT, 07/11/2024 (MT Newswires) -- MAG Silver ( MAG ) was at last look up 1.8% in US premarket trade even as it suspended Thursday exploration operations at the Deer Trail project in Utah due to a wildfire.

The company said all personnel are safe and the Deer Trail site is secure.

MAG said it does not expect this temporary pause in operations to have a material impact on the business.

The company added that will continue to carefully monitor the situation and comply with all local directives.

MAG's share price rose 1.8% at last look to US$13.50 in NYSE pre-market trading, having jumped more than 7% in US regular trade yesterday. It climbed 7.05% yesterday to $18.07 on the TSX.