TORONTO, Nov. 2, 2020 /PRNewswire/ – Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF ) (" Magna " or the " Company ") is pleased to provide results of its operating activities at the San Francisco Mine located in Sonora, Mexico (" San Francisco ") for the period between May 7 and September 30, 2020, in addition to an update on its ongoing mine development and optimization efforts.
Magna remains focused on its stated strategy of establishing San Francisco as a stable and profitable operation, while also protecting the Company’s balance sheet as it advances the mine towards production targets outlined in the Pre-Feasibility Study (" PFS ") recently completed and dated August 28, 2020. Since acquiring the mine in May 2020, Magna has been pre-stripping both the San Francisco and La Chicharra open pits. In parallel, the Company has also been processing lower grade stockpile material and, more recently, fresh […]
November 2, 2020 (updated November 2, 2020) Published by StockMan