Magna Gold Corp. announces that its board of directors has approved the adoption of a new 10% rolling stock option plan to replace the Company's existing fixed stock option plan. The Plan is subject to approval of the shareholders of the Company at the annual and special meeting of shareholders to be held on September 15, 2020 in accordance with [...]
Magna Gold Corp. is pleased to announce that it has entered into an option agreement with a private party to acquire a 100% undivided interest in the Los Muertos silver-gold project located in the municipality of La Colorada, Sonora, Mexico. The Los Muertos silver-gold project is comprised of two claims, covering 1,756 hectares, which are located [...]
Magna Gold Corp. is pleased to provide an update with respect to its ongoing operations at the San Francisco mine located in Sonora, Mexico . During the first two months of operations, the San Francisco Mine reported sales of US$8.53 million and operating costs of US$3.77 million with an operating margin of US$4.76 million. The Company produced [...]
Magna Gold Corp. is pleased to announce that, further to its news release dated April 24, 2020, its subsidiary, Molimentales del Noroeste, S.A. de C.V. , has entered into a definitive agreement with Peal de Mexico, S.A. de C.V. to settle the existing arbitration proceedings between Peal and Molimentales in relation to the Company's San Francisco [...]
Magna Gold Corp. announces that it has granted a total of 2,250,000 incentive stock options to purchase common shares of the Company to certain officers, directors and consultants of the Company pursuant to the Company's stock option incentive plan. Such options are exercisable at a price of $0.98 for a period of five years. The Common Shares [...]
Magna Gold Corp. is pleased to announce that, further to its news release dated May 6, 2020 and in satisfaction of the requirements of the TSX Venture Exchange, it has filed an independent technical report entitled "NI 43-101F1 Technical Report for the San Francisco Gold Project, Sonora, Mexico" and dated June 1, 2020. The Technical Report was [...]
Magna Gold Corp. is pleased to provide a corporate update with respect to its ongoing operational programs at the recently acquired San Francisco mine located in Sonora, Mexico , in addition to planned activities across the Company's pipeline of prospective exploration projects. Highlights Gold production of 2,349 ounces in May at an operating [...]
Magna Gold Corp. is pleased to announce that it has closed its previously announced non-brokered private placement of 17,075,000 common shares in the capital of the Company at a price of $0.41 per Offered Share for aggregate gross proceeds of $7,000,750 . The Private Placement was fully subscribed and included lead investments by Eric Sprott and [...]
Magna Gold Corp. is pleased to announce a non-brokered private placement of up to 17,075,000 common shares in the capital of the Company at a price of $0.41 per Offered Share for aggregate gross proceeds of up to $7,000,750 . The Private Placement includes lead investments by Eric Sprott and two mining industry participants. The net proceeds from [...]
Magna Gold Corp. is pleased to announce a non-brokered private placement of up to 17,075,000 common shares in the capital of the Company at a price of $0.41 per Offered Share for aggregate gross proceeds of up to $7,000,750 . The net proceeds from the Private Placement will be used for working capital purposes in connection with the Company's [...]
Medalist Capital Ltd. announces that it has ceased to be an insider of Magna Gold Corp. . On May 6, 2020, Magna announced the closing of the acquisition of the San Francisco Mine located in Sonora, Mexico through the acquisition of Molimentales del Noroeste, S.A. de C.V. for consideration including, among other things, the issuance of 9,740,000 [...]
Magna Gold Corp. is pleased to announce that it has closed the acquisition of the San Francisco Mine located in Sonora, Mexico pursuant to a definitive share purchase agreement dated March 5, 2020, as amended April 24, 2020 , between Timmins GoldCorp Mexico S.A. de C.V. , a wholly-owned subsidiary of Alio Gold Inc. , and the Company,. Magna is also [...]