Magna Gold Corp V.MGR.H

Metals & Mining Industrial Metals & Minerals

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 central portion of the state of Sonora, Mexico, approximately 150 kilometers (km) north of the state capital city of Hermosillo. The project covers approximately 47,395 hectares (ha). San Judas is an early-stage exploration property, located 240 km to the northwest of the state’s capital city of Hermosillo and runs along Federal Highway 16, covering a total aggregate area of 2,806 ha. The Mercedes Property consists of two contiguous claims covering an aggregate area of approximately 345 ha located approximately 250 km east-southeast along Federal Highway 16 from the state capital, Hermosillo.

TSXV:MGR.H - Post by User

Magna Gold Corp

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Comment by rockplayon Dec 21, 2012 4:09pm

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Post# 20762897

RE: RE: any comments for this company?

Obviously patience is required with MGR but patience is required with the whole market right now anyway. MGR with its various assets (particularly Wim and Hudvam) is worth a lot more than the 3-3.5 cents where it is trading now. With this in mind I have bought more shares at this level to average down in my position. There should be some kind of a rally after tax loss selling is over at least.

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