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:

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Rick Mills, Ahead of the Herd

"The next area of exploration focus for Magna Gold Corp. is Chihuahua, where its newly acquired Margarita silver project is situated; the project is a low-intermediate sulphidation epithermal Ag-Pb-Zn system, which can be traced to many of Mexico's producing silver mines. Drilling programs are also planned at the San Judas and Veta Tierra gold projects and the La Pima silver project."

Ben Pirie, M Partners

"Magna Gold Corp. represents a unique opportunity as it quickly ramps production to 100 Koz/year with plans to grow to 200 Koz/year by 2024. The company is trading at a significant discount and should rerate quickly. . .we are initiating coverage on Magna Gold with a Buy rating."

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Bob Moriarty, 321 Gold

"Magna Gold Corp.'s latest monthly production was about 7 Koz in August 2021. On October 14, 2021 the company announced quarterly production of 19,102 oz, up an amazing 63% in a year. So production of 100 Koz/year, which is the magic number for juniors to gain credibility, seems quite possible for 2022."

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Rick Mills, Ahead of the Herd

"The latest update on Magna Gold Corp.'s San Francisco showed a gold output of 5,398 oz for the month of June, a record to date. This brought its Q2/21 production to 11,713 oz, which was 20% higher than the previous quarter. . .things are now falling in place for San Francisco to become a major gold producer in Mexico as the mine continues to ramp up."

Rick Mills, Ahead of the Herd

"One gold company potentially poised for big gains in the current market is the Mexico-focused Magna Gold Corp., which recently announced the start of full-scale and steady-state commercial production at its flagship San Francisco mine. . .for the three-month period ended June 21, 2021, gold production at the San Francisco mine reached 11,713 oz, a 20% improvement over the 9,785 oz from Q1/21."

Maurice Jackson
Maurice Jackson of Proven and Probable discussed the latest news out of Magna Gold with the company's CEO, Arturo Bonillas.
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Rick Mills, Ahead of the Herd

"Magna Gold Corp. said it wanted to be Mexico's next precious metals producer. This week the company put its money where its mouth is by announcing commercial production at its flagship San Francisco mine."

More Expert Comments

Experts Following This Company

headshot of Ralph Aldis
Ralph Aldis, Portfolio Manager, Gold and Natural Resources – U.S. Global Investors
Steve Isenberg, Analyst – M Partners
headshot of Maurice Jackson
Maurice Jackson, Founder – Proven and Probable
headshot of Rick Mills
Rick Mills Ahead of the Herd
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Energy, 321 Gold

Company News 

10/14/2021 – Magna Gold Reports Q3 2021 Production Results - Quarterly Production of 19,102 oz Gold

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)