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April 23, 2022
2022.04.23 Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF), which is already producing gold […]
February 23, 2022
20.02.23 The recent geopolitical tensions in Ukraine tell us that during troubled times, […]
January 27, 2022
2022.01.27 Inflation is one of the best determinants of gold price movements, because […]
December 20, 2021
2021.12.20 While 2021 has, for the most part, been a lackluster year for […]
December 18, 2021
2021.12.18 Several months after the US Federal Reserve began describing the country’s inflation […]
November 27, 2021
2021.11.27 US and Canadian stock markets fell sharply on Friday in reaction to […]
November 11, 2021
2021-11-11 Quietly, the gold market has enjoyed a period of revival, having recently […]
October 6, 2021
2021.10.06 In terms of precious metals, few places in the world can offer […]
August 5, 2021
2021.08.05 For months, investors have been gradually moving away from haven assets like […]
July 2, 2021
2021.07.01 Magna Gold (TSXV:MGR, OTCQB:MGLQF) said it wanted to be Mexico’s next precious […]
June 21, 2021
One junior mining company looking to grow into Mexico’s next precious metals producer is Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF), which recently secured a C$10 million funding for its exploration activities across various projects this year.
May 9, 2021
On Friday Magna announced the second half of the arrangement, a US$5 million payment to vendor Argonaut Gold (TSX:AR), and promised to pay the remaining working capital balance of US$2.675 million in four monthly installments between July and October, 2021.
“We are very pleased to be fulfilling our obligations to Argonaut. With this payment behind us we are looking forward to reaching a steady rate of production at the San Francisco Mine and strengthening our balance sheet primarily through the cash flow generated by the operations,” said Magna’s President and CEO Arturo Bonillas, in the May 7 news release.
“We are very pleased to be fulfilling our obligations to Argonaut. With this payment behind us we are looking forward to reaching a steady rate of production at the San Francisco Mine and strengthening our balance sheet primarily through the cash flow generated by the operations,” said Magna’s President and CEO Arturo Bonillas, in the May 7 news release.
April 10, 2021
Among those actively exploring the mineral-rich regions of Mexico, one miner that is on a fast track to achieving intermediate status is Canada’s Magna Gold Corp. (TSXV: MGR, OTCQB: MGLQF), which has been actively acquiring and developing quality precious metals properties in Mexico.
The company’s flagship project is the past-producing San Francisco mine, located 150 km north of Hermosillo, Sonora’s state capital. The 47,395-hectare property consists of two previously mined open pits (San Francisco and Chicharra) — which Magna plans to reopen soon — and associated heap leaching facilities located close to the San Francisco pit.
The company’s flagship project is the past-producing San Francisco mine, located 150 km north of Hermosillo, Sonora’s state capital. The 47,395-hectare property consists of two previously mined open pits (San Francisco and Chicharra) — which Magna plans to reopen soon — and associated heap leaching facilities located close to the San Francisco pit.