The output isn't also exact but the following works for me with the latest version:
using (MagickImage image = new MagickImage("2rnubmq.jpg")) { using (MagickImage mask = new MagickImage(MagickColors.Black, image.Width, image.Height)) { mask.Settings.FillColor = MagickColors.White; mask.Draw(new DrawableCircle(image.Width / 2, image.Height / 2, image.Width, image.Height / 2)); image.Composite(mask, CompositeOperator.CopyAlpha); image.Write("test.png"); } }