Magna Gold Corp V.MGR.H

Metals & Mining Gold

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.

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Magna Gold Corp

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Post by Bobwinson Nov 10, 2020 4:51pm

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Post# 31874478

gold/silver up, miners down

Silver and gold bounced up today but most miners were down. Magna up a few pennies on decent volume. I think the investment show appearances are starting to educate people on the hidden value in Magna. Last update said they hadn't restarted mining yet. They have been making sure that they can get gold recoveries back to normal before restarting. Hopefully should be back in production by Q1.

The new silver acquisition looks good. Good drill holes by previous operator show high grade silver. Land package is fairly big so project could have decent potential.

Looking forward to Q1 production report. That should show the market that Magna is a real 70-100K producer.

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