TSXV: MGR
Last: 0.99
Change: -0.07
Vol: 151,575
OTCQB: MGLQF
Last: 0.75
Change: -0.06
Vol: 73,968

San Francisco

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 restarted mining and processing operations during Q3 2020.

San Francisco mine location

STATUS

LOCATION: Santa Ana, Sonora, Mexico

OWNERSHIP: 100% owned

LAND POSITION: 47,395 Ha

STATUS: Production ramp up, recommenced production in June 2020 from Open Pit and in September 2020 from Underground Mine.

METALS: Gold and Silver

MINERAL RESOURCES: M&I: 99,700,000 t grading 0.446 g/t Au, 1,430,000 oz Au (refer to the NI 43-101 F1 Technical Report, PFS for the San Francisco Gold Project, Sonora, Mexico, dated August 28, 2020 with an effective date as of August 8, 2020.

MINING & PROCESSING CONCEPT:

HIGHLIGHTS:

Subscribe to our Newsletter