MGR:TSX.V; MGLQF:OTCQB

Magna Gold Corp.

Magna is a Canadian gold company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima and Mercedes. The company has recently acquired and restarted production at the San Francisco mine. Magna continues to strengthen the balance sheet, pursue growth opportunities and advance the company’s exploration pipeline. The goal for the company is to grow into a 200,000 ounce per annum gold producer with a 5M oz gold resource over the next three years.
MGR:TSX.V MGLQF:OTCQB

Expert Comments:

headshot of Rick Mills

Rick Mills, Ahead of the Herd

(10/6/21)
"The latest update on Magna Gold Corp.'s San Francisco showed a gold output of 5,398 oz for the month of June, a record to date. This brought its Q2/21 production to 11,713 oz, which was 20% higher than the previous quarter. . .things are now falling in place for San Francisco to become a major gold producer in Mexico as the mine continues to ramp up."

Rick Mills, Ahead of the Herd

(8/5/21)
"One gold company potentially poised for big gains in the current market is the Mexico-focused Magna Gold Corp., which recently announced the start of full-scale and steady-state commercial production at its flagship San Francisco mine. . .for the three-month period ended June 21, 2021, gold production at the San Francisco mine reached 11,713 oz, a 20% improvement over the 9,785 oz from Q1/21."

Maurice Jackson
Maurice Jackson of Proven and Probable discussed the latest news out of Magna Gold with the company's CEO, Arturo Bonillas.
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Rick Mills, Ahead of the Herd

(7/2/21)
"Magna Gold Corp. said it wanted to be Mexico's next precious metals producer. This week the company put its money where its mouth is by announcing commercial production at its flagship San Francisco mine."

Magna Gold Corp. reported that it made a US$5 million payment and issued a US$2.675 million promissory note payable over four months to finalize the purchase of the San Francisco Mine.
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Rick Mills
Rick Mills of Ahead of the Herd profiles Magna Gold and explains why he believes it is on the verge of leading the next line of mid-tier precious metals producers in Mexico.
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More Expert Comments

Experts Following This Company

headshot of Ralph Aldis
Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
headshot of Frank Holmes
Frank Holmes, Chairman – U.S. Global Investors
headshot of Maurice Jackson
Maurice Jackson, Founder – Proven and Probable
headshot of Rick Mills
Rick Mills Ahead of the Herd

Company News

10/14/2021 – Magna Gold Reports Q3 2021 Production Results - Quarterly Production of 19,102 oz Gold

8/20/2021 – Magna Gold Announces Closing of Previously Announced Non-Brokered Private Placement of C$10,000,000 Convertible Debentures with Delbrook Capital Advisors Inc.

8/9/2021 – 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.

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
 
Valuation, relative to peers, Magna is trading at a discount based on NPV, cash, gold sales, etc…
 
Management’s track record of success and ability to generate value to shareholder. The team has access to projects, capital and the teams that can execute.
 
The company is in production, generating free cash flow and has an extensive exploration pipeline
catalyst Calendar
Q3
2020
PFS – Mid August
Q3
2020
Exploration drilling – Early September
Q4
2020
Production ramp up – ongoing (path to 70-80 oz/yr)