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Bullboard - Stock Discussion Forum Magna Gold Corp V.MGR.H

Magna Gold Corp. is a Canada-based gold and silver production company. It is engaged in acquiring, exploring, developing and operating precious metal properties in Mexico. It is advancing its 100% owned flagship San Francisco Mine, its Margarita Silver Project and other highly prospective mineral properties located in Sonora and in Chihuahua. The San Francisco mine is situated in the north... see more

TSXV:MGR.H - Post Discussion

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Post by Gointothevoid on Jan 30, 2022 2:38pm

Q4

Numbers for Q4 look good. Cash costs stayed down despite strip ratio rising significantly to 4.46. Life of mine strip ratio guidance still 2.5. Production of 15499 ounces. Guidance has cash costs of $1250-$1350 for next year with production of 65 000-75 000 ounces. Looks like they had $9 million in pre-stripping costs that will not reoccur. Guidance for costs seems to very conservative in light of this.
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