Magna Gold Corp. (V:MGR)
Business Focus: Gold (NEC)
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 82 Richmond Street East Toronto ON M5C 1P1 |
| Tel: | N/A |
| Website: | https://www.magnagoldcorp.com |
| IR: | See website |
| Key People | ||
| Francisco Arturo Bonillas Zepeda President, Chief Executive Officer, Director | Colin Paul Sutherland Chief Financial Officer, Director | Miguel Bonilla Chief Operating Officer, Director |
| Gregory Barbier Vice President - Finance | Amandip Singh Vice President - Corporate Development | Miguel Angel Soto Bedolla Vice President - Exploration |
| Leslie L. Kapusianyk General Counsel, Corporate Secretary | Raul Edmundo Elizalde Avalos Production Manager | |
| Business Overview |
| Magna Gold Corp. is a Canada-based gold and silver production company. It is engaged in acquiring, exploring, developing and operating precious metal properties in Mexico. It is advancing its 100% owned flagship San Francisco Mine, its Margarita Silver Project and other highly prospective mineral properties located in Sonora and in Chihuahua. The San Francisco mine is situated in the north central portion of the state of Sonora, Mexico, approximately 150 kilometers (km) north of the state capital city of Hermosillo. The project covers approximately 47,395 hectares (ha). San Judas is an early-stage exploration property, located 240 km to the northwest of the state's capital city of Hermosillo and runs along Federal Highway 16, covering a total aggregate area of 2,806 ha. The Mercedes Property consists of two contiguous claims covering an aggregate area of approximately 345 ha located approximately 250 km east-southeast along Federal Highway 16 from the state capital, Hermosillo. |
| Financial Overview |
| For the nine months ended 30 September 2022, Magna Gold Corp revenues decreased 13% to $60.2M. Net loss totaled $25.4M vs. income of $2.8M. Revenues reflect Silver segment decrease of 27% to $303K. Net loss reflects Other income, net decrease of 98% to $94K (income), Interest on debentures increase from $78K to $495K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from $0.03 to -$0.28. |
| Employees: | 270 as of Dec 31, 2021 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $8.76M as of Sep 30, 2022 |
| Annual revenue (TTM): | $122.91M as of Sep 30, 2022 |
| EBITDA (TTM): | -$6.40M as of Sep 30, 2022 |
| Net annual income (TTM): | -$31.55M as of Sep 30, 2022 |
| Free cash flow (TTM): | -$10.18M as of Sep 30, 2022 |
| Net Debt Last Fiscal Year: | $9.83M as of Sep 30, 2022 |
| Shares outstanding: | 91,760,580 as of Sep 30, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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