Magna Gold Corp. announces that it was granted an initial order pursuant to the Companies' Creditors Arrangement Act by the Ontario Superior Court of Justice on application by Magna Gold seeking court protection from its creditors to allow it to restructure its business and property as a going concern. The Initial Order, among other things [...]
Magna Gold Corp. , today announces that Magna Gold has filed a Notice of Intention to Make a Proposal under the Bankruptcy and Insolvency Act which will provide creditor protection while the Company seeks to restructure its affairs. KSV Restructuring Inc. was appointed as proposal trustee under the NOI to monitor Magna Gold's operations and [...]
Magna Gold Corp. , announces that its subsidiary, Molimentales del Noroeste S.A. de C.V. has received the following Notices of Claims from three of its creditors in Mexico: Claim by Cominvi Servicios, S.A. de C.V. filed in the 12th District Court seated at Hermosillo, Sonora, Mexico, claiming the amount of $US 5,085,972.35. Claim by Covoro Mining [...]
Magna Gold Corp. , today announced operating and financial results for the three and nine months ended September 30, 2022 and 2021 . All figures are in US Dollars, unless otherwise expressed. Q3 2022 Operating and Financial Highlights Total tonnes mined during Q3 2022 were 3.2 million compared to 6.2 million during Q3 2021. Q3 2022 strip-ratio was [...]
Magna Gold Corp. , today announced operating and financial results for the three and six months ended June 30, 2022 and 2021 . All figures are in US Dollars, unless otherwise expressed. Q2 2022 Operating and Financial Highlights Total tonnes mined during Q2 2022 were 5.9 million compared to 6.1 million during Q2 2021. Q2 2022 strip-ratio was 3.5:1 [...]
Magna Gold Corp. is pleased to announce the results from its annual meeting of shareholders held on June 23, 2022. Detailed results of the meeting are set out below: Total shares voted: 38,262,960 Total shares issued and outstanding: 91,760,960 Total percentage of share voted: 41.7 % The nominees listed in the management proxy circular dated May [...]
Magna Gold Corp. is pleased to announce that, further to its news release dated April 21, 2022, it has filed an independent technical report entitled "NI 43-101 Technical Report Initial Mineral Resource Estimate for the Margarita Silver Project Chihuahua, Mexico" and dated May 24, 2022, with an effective date of April 8, 2022 . The Technical Report [...]
Magna Gold Corp. , today announced operating and financial results for the three months ended March 31, 2022 and 2021 . All figures are in US Dollars, unless otherwise expressed. Q1 2022 Operating and Financial Highlights Total tonnes mined during Q1 2022 were 7.3 million compared to 5.8 million during Q1 2021. This is an increase of 26%. Q1 2022 [...]
Magna Gold Corp. , is pleased to report the maiden mineral resource estimate for the Margarita silver deposit at its 100% owned Margarita Project in Chihuahua, Mexico. Highlights Indicated mineral resources are estimated to be 1.854 million tonnes at 204.9 g/t Ag and Inferred mineral resources of 0.454 Mt at 153.4 g/t Ag above a 75 g/t Ag cut-off [...]
Magna Gold Corp. announces that, further to its news release dated March 18, 2022, the Company has issued an aggregate of 1,660,132 common shares in the capital of the Company at a deemed price of $0.76 per Common Share to PEAL de Mexico S.A. de C.V. in settlement of outstanding debt in the aggregate amount of US$1,000,000 . The Debt Settlement was [...]
Magna Gold Corp. announces that, further to its news release dated June 30, 2020, its subsidiary Molimentales del Noroeste has entered into an amending agreement with PEAL de Mexico. In conjunction with the acquisition of the San Francisco mine on May 6, 2020, the Company successfully negotiated a settlement agreement with PEAL which settled [...]
Magna Gold Corp. is pleased to report results from its fully-funded resource definition drill campaign currently underway at its 100% owned Margarita silver project located in the state of Chihuahua. The goal of the program is to define the extent of the vein hosted high-grade system at Margarita leading to the maiden resource expected to be [...]
