MGLQF - Magna Gold: A Growing Precious Metals Producer

2024-03-27 17:08:02 ET

Discovery to production, within budget and on time

Magna Gold is a Canadian mining company that acquires, explores, develops, and operates mining properties in Mexico with a focus on precious metals. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima, and Mercedes.

San Fransisco Gold Mine

The San Francisco mine commenced operations in 2010 and has produced over 820,000 ounces of gold. The 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.

They intend to execute a mine operational improvement plan to include a full review and update to the mine design and production plan, metallurgy and processing, workforce management, and local and regional exploration. Based on Magna’s review to date, the Company believes it can re-commence mining operations in the near term with the goal of establishing profitable mining operations.

San Judas

San Judas is an early-stage exploration property consisting of two contiguous claims within the municipality of Trincheras, Sonora, Mexico. It is located 240 kilometers 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 hectares.

Mercedes

The Mercedes project is an exploration property within the Sierra Madre Occidental province. It is a historically productive, regionally extensive tertiary volcanic field that stretches from the United States/Mexico border to Central Mexico.

For more information on Magna Gold Corp. (TSX.V: MGR, OTCQB: MGLQF) please click the investor request info button.