Às vezes.

O Magic em sua totalidade não ignora o Armor, mas existem alguns feitiços com Penetrating Damage que o farão.

Guia do Jogador Página 40 / Livro de Regras Principal Página 76: Detalhes da Armadura e do Escudo

When you take damage in combat, you subtract the armor rating before losing Health. This applies each time you are hit, so over time, even poor armor can prevent you from taking a lot of damage.

Certain attacks, however, can bypass the effects of armor. They inflict what is called penetrating damage, which ignores armor altogether. Armor offers no protection against penetrating damage.

Guia do Jogador Pg 50 / Livro de Regras Principal Pg 111: Formato de Feitiço

Description: This entry explains what the spell does in detail. Armor protects against any damage inflicted as normal unless it is noted as penetrating damage (in which case, it ignores armor altogether).