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Magna Gold Corp V.MGR.H

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

Comment by MacRellenon May 24, 2022 2:49pm
135 Views
Post# 34704440

RE:RE:RE:Magna Gold Drastically Undervalued

RE:RE:RE:Magna Gold Drastically UndervaluedI'm not an expert, but I think AISC should include all costs that are required to maintain production going forward, so maintenance and capex (related to the San Fransico mine) should be included.

I don't know if there is a standard as to exactly what should be included in AISC, but I don't think so. I think it is partly up to the company, as Magna reported an AISC of $1662 whereas the poster at ceo.ca seemed to think that G&A costs and share-based compensation should also be included in AISC.

One should be able to see a company's profit easily if AISC is fairly reported, as:
Price of Gold minus AISC = profit per ounce.

I would not be surprised if we se 85 cents before year end, but I guess I'm also an optimist :-)
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