Magna Gold Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Francisco Arturo Bonillas Zepeda
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 666 Burrard Street Vancouver BC Canada V6C 3P6
- IPO Date
- Jan 8, 2021
- Website
- magnagoldcorp.com
- Similar Companies
- Business
- Magna Gold Corp. (TSXV: MGR; OTCQB: MGLQF) is a Canada-based mining company focused on the acquisition, exploration, development and operation of precious metals properties in Mexico. Incorporated in 2018 and headquartered at 390 Bay Street, Suite 806, Toronto, Ontario, the company targets gold and silver deposits, with its primary asset comprising the producing San Francisco gold mine in Sonora state; exploration-stage projects including San Judas, La Pima and Mercedes; and the Margarita silver project in Chihuahua featuring indicated resources of 12.22 million ounces of silver. Operations center on open-pit mining and heap leach processing at San Francisco, supported by community-integrated activities employing local residents and services in Sonora and Chihuahua. Recent financial results through Q2 2022 reflected gold production of 10,795 ounces and revenues of $21.0 million, amid operational optimization efforts including mine plan enhancements, block model improvements and discussions for accelerated stripping and development financing to address ore sourcing challenges. In March 2023, Magna Gold initiated restructuring proceedings under Canada's Companies' Creditors Arrangement Act to stabilize operations and pursue strategic cost reductions at the San Francisco mine. No significant new acquisitions, partnerships or production restarts have been announced since 2023, with the San Francisco leach pads currently on residual cycles pending reactivation.
Magna Gold produces 56 koz of gold in Mexico in 2021, achieves annual guidance
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Magna Gold Provides an Update to its Previously Announced Non-Brokered Private Placement of C$10,000,000 Convertible Debentures with Delbrook Capital Advisors Inc.
Magna Gold reports record monthly production in Mexico
Magna Gold Reports Q2 2021 Production Results - Exits Q2 with Record to Date Monthly Production of 5,398 Oz Gold
Magna Gold: Too Cheap To Ignore
Magna Gold Reaches 3 Million Manhours Without a Lost-Time Incident
Magna Gold Reports on Final Payments for the San Francisco Mine Acquisition
BTV Investor Alert Video: Magna Gold Corp.- 2020 Revenues of 37 Million USD
Magna Gold Reports Q1 2021 Operating Results; San Francisco Ramp-Up Nearing Completion and on Track to Return to Full Scale Commercial Production by June 2021
Magna Gold Reports Year End 2020 Results
Magna Crews Mobilized Across Silver Portfolio
Mr. Colin Sutherland Appointed Chief Financial Officer
Magna Gold Corp. Clarifies Certain Technical Disclosure