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 > Almost 100 000 ounces of goldproduction 2022 !

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Post by austrochrison Jan 11, 2022 6:00am

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Post# 34302568

Almost 100 000 ounces of goldproduction 2022 !

Magna Gold is valued like an explorer !
Almost 60 Million US Dollar free cash flow ( 1800 Dollar Gold price ) , the second mine will be a very economic silver mine , called Margaritha . and at Mercedes a gold silver and base metals mine is not unrealistic !
What a cheap stock ! Investors are sleeping ! ( The Owner before just did made many mistakes to get a profitable production . )

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