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News

The San Francisco mine commenced operations in 2010 and has produced over 820,000 ounces of gold. The 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 is comprised 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.

Magna’s plan to restart mining and processing operations is targeted for Q3 2020

San Francisco mine location

STATS

LOCATION: Santa Ana, Sonora, Mexico

OWNERSHIP: 100% owned

LAND POSITION: 47,395 Ha

STATUS: On residual leaching gold production. Magna plans to update Technical Report in Q3, 2020.

METALS: Gold and Silver

MINERAL RESOURCES: M&I: 84,221,196 t grading 0.55 g/t Au, 1,484,197 oz Au (historical resources as of July 1, 2018).

MINING & PROCESSING CONCEPT: Open pit mining and heap leach processing

HIGHLIGHTS:

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