Magna Gold: Mexico’s Newest Precious Metals Producer
A growing gold producer in Mexico
Magna Gold is a Canadian precious metals company engaged in operations, development, exploration, and acquisition in Mexico. Its primary asset is the San Francisco Gold Mine in Sonora, Mexico. The company also has exploration stage projects that include San Judas and Mercedes gold projects as well as La Pima and Margarita silver projects. Furthermore, Magna Gold is on the fast track to achieving intermediate status.
The San Francisco Mine
The San Francisco mine commenced operations in 2010 and has produced over 850,000 ounces of gold. Moreover, the mine sits in the north central portion of the state of Sonora, Mexico. This is approximately 150 kilometers (km) north of the state capital city of Hermosillo. The project comprises of two previously mined open pits (San Francisco and La Chicharra), together with heap leach processing facilities, and associated infrastructure located close to the San Francisco pit. Currently, the leach pads are on a residual leach cycle with no mining being conducted.
An Experienced Team
Magna’s primary strength is in its team of highly experienced mining professionals. In addition, they have a proven track record of developing properties in Mexico from discovery to production on budget and on time.
The company’s growth strategy is to acquire early or advanced stage mineral deposits through our extensive network of contacts and consolidate these properties enhancing shareholder value.
Magna is well integrated into its nearby communities, employs local residents and uses local services when possible.
For more information on Magna Gold Corp. (TSX.V: MGR, OTCQB: MGLQF) please fill out the form below.