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 02, 2021 12:58pm

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Post# 34190824

Q3 Results

Magna posted Q3 on Sedar but no PR! Gross revs 33million minus costs of 25.1 equals gross margin of US$7.7million. Deduct SGA, finance costs, exploration and taxes and you end up with net income of US3.6 million or .04 eps.

Q3 should be a normal qtr for Magna going forward. That's a forward annualized eps of .16 vs a US$ share price of .68!

Add back depreciation of $5million and deferred taxes and cashflow is over $10million!

Fwd annualized cashflow of $40million or .40 vs .68 share price.

CHEAP~ !

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