Magna Gold Corp.

Magna is a Canadian gold company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico, and exploration stage projects include San Judas, La Pima and Mercedes. The company has recently acquired and restarted production at the San Francisco mine. Magna continues to strengthen the balance sheet, pursue growth opportunities and advance the company’s exploration pipeline. The goal for the company is to grow into a 200,000 ounce per annum gold producer with a 5M oz gold resource over the next three years.

Expert Comments:

Magna Gold Corp. reported that it made a US$5 million payment and issued a US$2.675 million promissory note payable over four months to finalize the purchase of the San Francisco Mine.
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Rick Mills
Rick Mills of Ahead of the Herd profiles Magna Gold and explains why he believes it is on the verge of leading the next line of mid-tier precious metals producers in Mexico.
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Magna Gold begins exploration activities at its newly acquired Margarita project.
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Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.
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Ralph Aldis
Ralph Aldis, portfolio manager at U.S. Global Investors, in this interview with Streetwise Reports, discusses resource companies that have been top performers in 2020 and, looking ahead to 2021, names companies that he expects to outperform.
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Nick Hodge, Early Advantage

"Magna Gold Corp. is a Buy here. . .dollar up this morning has given us the direction we were searching for last week. . .gold looks good. If fell hard this morning to $1,910 but is showing resilience right there at the low end of its recent range."

headshot of Bob Moriarty

Bob Moriarty, 321 Gold

"Magna Gold Corp. plans on restarting the San Francisco mine and getting to stable low cost production; first year production should be about 70 Koz moving to 100 Koz in a year. Management has plans for expansion and picking up new projects with an objective of annual production of 200 Koz gold with a 5 Moz resource by 2023."

Experts Following This Company

headshot of Ralph Aldis
Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
headshot of Adrian Day
Adrian Day, Founder – Adrian Day Asset Management
headshot of Gerardo Del Real
Gerardo Del Real – Outsider Club
headshot of Frank Holmes
Frank Holmes, Chairman – U.S. Global Investors
headshot of Rick Mills
Rick Mills Ahead of the Herd
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold

Company News

5/26/2021 – Magna Gold Reaches 3 Million Manhours Without a Lost-Time Incident

5/13/2021 – Magna Gold Secures $10 M in Funding with Founding and Strategic Shareholder to Accelerate Exploration Across 6 Assets

5/7/2021 – Magna Gold Reports on Final Payments for the San Francisco Mine Acquisition

4/13/2021 – Magna Gold Reports Q1 2021 Operating Results; San Francisco Ramp-Up Nearing Completion and on Track to Return to Full Scale Commercial Production by June 2021

4/9/2021 – Magna Gold Reports Year End 2020 Results

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Valuation, relative to peers, Magna is trading at a discount based on NPV, cash, gold sales, etc…
Management’s track record of success and ability to generate value to shareholder. The team has access to projects, capital and the teams that can execute.
The company is in production, generating free cash flow and has an extensive exploration pipeline
catalyst Calendar
PFS – Mid August
Exploration drilling – Early September
Production ramp up – ongoing (path to 70-80 oz/yr)