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Bullboard - Stock Discussion Forum Magna Gold Corp V.MGR

Alternate Symbol(s):  MGLQF

Magna Gold Corp 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, Mercedes, and others. The majority of its revenue comes from sales of Gold.

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New Press Release - Magna Gold Files Independent Technical Report for the Margarita Silver Project

TORONTO, June 1, 2022 /PRNewswire/ - Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) ("Magna" or the "Company") is pleased to announce that, further to its news release dated April 21, 2022, it has filed an independent technical report entitled "NI 43-101 Technical Report Initial Mineral Resource...read article.

RE:RE:1st quarter earning report.

I just became a bear on Magna.  I don't see how they avoid raising capital.  That equals dilution for the existing shareholders.  Unless the grade of gold ore improves really...read more

Gold Co. Completes Rock Sampling and Geophysical Surveys at South Gordon Lake Gold Project

"Golden Pursuit has for the first time in history consolidated the ownership of all known historical producers and advanced projects in the South Gordon Lake district under one corporate owner and has completed the first serious exploration effort since the early 1990's. Our field geologists have identified multiple sets of quartz veins and breccia zones at key prospects containing gold grades hosted by turbidite formations ...read more

RE:RE:1st quarter earning report.

amen. really lousy quarter. hope they don't run out of cash. more later, fj  rate and reply

Magna Gold Sees Production Costs Rise In Q1

Magna Gold on Friday evening released its first quarter financial results. The company has seen a significant rise in the cost to produce gold, while production volumes have begun to drop rather...read more

RE:1st quarter earning report.

Seems we were both too optimistic, at least as far as q1 is concerned. The recent drop in price suggests that someone smarter than us anticipated this, and sold in advance of the results, so hopefully...read more

RE:1st quarter earning report.

Hopeful the AISC keeps coming down. I wasn't expecting a 4 cent loss per share.  rate and reply

New Press Release - Q1 2022 Operating and Financial Results

TORONTO, May 27, 2022 /PRNewswire/ - Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) ("Magna" or the "Company"), today announced operating and financial results for the three months ended March 31, 2022 and 2021 ("Q1 2022" and "Q1 2021", respectively). All figures are in US Dollars, unless otherwise...read article.

RE:1st quarter earning report.

Full disclosure I am long Magna Gold Corp.  rate and reply

1st quarter earning report.

I have revised my estimates for Magna Gold's quarterly earnings to a range of .03 to .034 per share.  If I use the midpoint at .032 I come up with an annualized run rate of .128. or almost 13...read more

RE:RE:RE:RE:Magna Gold Drastically Undervalued

Again great input thanks for the info. fj  rate and reply

RE:RE:RE:Magna Gold Drastically Undervalued

Adam Hamilton on cash costs vs. AISC: Cash costs are the classic measure of gold-mining costs, including all cash expenses necessary to mine each ounce of gold.  But they are misleading as a...read more

RE:RE:RE:Magna Gold Drastically Undervalued

I'm not an expert, but I think AISC should include all costs that are required to maintain production going forward, so maintenance and capex (related to the San Fransico mine) should be included....read more

RE:RE:Magna Gold Drastically Undervalued

Thanks MacRellen great input on the cost side.  I understand cash costs but AISC which I believe means All In  Sustaining Costs should include maintainence and capex? Yes?  I like to...read more

RE:Magna Gold Drastically Undervalued

It definitely seems very undervalued, especially with the recent drop in price. If they manage to cut their costs, I think we'll see a revaluation. From numbers posted by Darcyslaw over at ceo.ca...read more

next quarterly earnings report

does anyone know the next earning report date.  Please share  Thanks!  rate and reply

Magna Gold Drastically Undervalued

I built a spreadsheet for Magna Gold recently using 2022 gold production of 70,000 ounces, Profit per ounce of $500.00 and sga expense of 7.5 million I did not add any interest expense but it should...read more

Magna Gold Announces Maiden Resource Estimate

TORONTO, April 21, 2022 /CNW/ - Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) ("Magna" or the "Company"), is pleased to report the maiden mineral resource estimate...read more

RE:Margarita Silver drill results are excellent!

Any mill close to margarita? Or build our own.  rate and reply

Margarita Silver drill results are excellent!

I was thinking that we hadn't heard anything about Margarita drill program.  Today Magna published the first drill results from Margarita Silver project.,  Shallow, high grade results...read more

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...read more