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.

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Magna Gold Corp

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Post by Bobwinson Dec 08, 2020 1:33pm

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302 gm/tonne AG eqiv over 1.3 meters

Pretty good silver drill results and the stock sells off. Maybe some profit taking before year end? Magna has had a nice runup this year but I expect more increases as the mine comes back into full production in 2021. Company is going after both gold and silver and it might take awhile to attract silver investors to the stock.

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