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:

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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headshot of Rick Mills

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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Magna Gold begins exploration activities at its newly acquired Margarita project.
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Nick Hodge, Early Advantage

(9/21/20)
"Magna Gold Corp. is a Buy here. . .dollar up this morning has given us the direction we were searching for last week. . .gold looks good. If fell hard this morning to $1,910 but is showing resilience right there at the low end of its recent range."

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 Adrian Day
Adrian Day, Founder – Adrian Day Asset Management
headshot of Gerardo Del Real
Gerardo Del Real – Outsider Club
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
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold

Company News

7/14/2021 – Magna Gold Reports Q2 2021 Production Results - Exits Q2 with Record to Date Monthly Production of 5,398 Oz Gold

6/29/2021 – Magna Gold Achieves Full-Scale Commercial Production at San Francisco on Schedule

5/26/2021 – Magna Gold Reaches 3 Million Manhours Without a Lost-Time Incident

5/13/2021 – Magna Gold Secures $10 M in Funding with Founding and Strategic Shareholder to Accelerate Exploration Across 6 Assets

5/7/2021 – Magna Gold Reports on Final Payments for the San Francisco Mine Acquisition

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)