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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
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Expert Comments:

Ben Pirie, M Partners

(1/26/22)
"In Q4/21 Magna Gold Corp. produced 15.5 Koz Au, significantly beating our estimate of 10.2 Koz Au; additionally, the company reported FY21 production of 56.1 Koz Au, beating our estimate of 40.8 Koz Au. Magna has aggressively turned around this operation, and we expect this outperformance to continue in 2022 as it is increasing its FY22 guidance to between 65 and 75 Koz Au, well above our estimate of 60 Koz Au."

Ben Pirie, M Partners

(1/5/22)
"Magna Gold Corp. represents a unique opportunity as it quickly ramps production to 100 Koz/year with plans to grow to 200 Koz/year by 2024. The goal of 200 Koz/year will be achieved through increasing production at the San Francisco mine, initiating production from the Margarita silver project and mergers and acquisitions."

Coverage Initiated on Canadian Gold & Silver Company Primed for Rapid Production Growth
(11/11/21)

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headshot of Rick Mills

Rick Mills, Ahead of the Herd

(11/11/21)
"The next area of exploration focus for Magna Gold Corp. is Chihuahua, where its newly acquired Margarita silver project is situated; the project is a low-intermediate sulphidation epithermal Ag-Pb-Zn system, which can be traced to many of Mexico's producing silver mines. Drilling programs are also planned at the San Judas and Veta Tierra gold projects and the La Pima silver project."

Ben Pirie, M Partners

(11/10/21)
"Magna Gold Corp. represents a unique opportunity as it quickly ramps production to 100 Koz/year with plans to grow to 200 Koz/year by 2024. The company is trading at a significant discount and should rerate quickly. . .we are initiating coverage on Magna Gold with a Buy rating."
headshot of Bob Moriarty

Bob Moriarty, 321 Gold

(10/26/21)
"Magna Gold Corp.'s latest monthly production was about 7 Koz in August 2021. On October 14, 2021 the company announced quarterly production of 19,102 oz, up an amazing 63% in a year. So production of 100 Koz/year, which is the magic number for juniors to gain credibility, seems quite possible for 2022."
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."

More Expert Comments

Experts Following This Company

Steve Isenberg, Analyst – M Partners
headshot of Maurice Jackson
 		Maurice Jackson, Founder – Proven and Probable
headshot of Rick Mills
 		Rick Mills – Ahead of the Herd
headshot of Bob Moriarty
 		Bob Moriarty, Author – 321 Gold

Company News 

1/26/2022 – Magna Gold Produces 34,601 oz of Gold in its First Two Full Quarters of Commercial Production

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)
Magna Gold Corp. Content
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Corporate Presentation May 2020

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Magna Gold ramps up mining at San Francisco in Mexico Canadian Mining Journal Staff April 13, 2021