|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||1.0500 - 1.0500|
|52 Week Range||0.8000 - 3.8000|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
RENO, NV / ACCESSWIRE / October 17, 2019 / Magellan Gold Corp (MAGE) (the "Company") has entered into a binding agreement, dated October 16, 2019, with Golden Minerals Company (AUMN")("Golden") for the assignment of the option (the "Transaction") to earn a 100% interest in the Santa Maria Project in Chihuahua State, Mexico. Golden currently owns a 100% interest in the Santa Maria Mine, subject to US$200,000 in property payments. Complete a cash payment of US$1,000,000 to Golden Minerals at closing.
Golden Minerals Company (NYSE American and TSX: AUMN) (“Golden Minerals”, “Golden” or “the Company”) announced today that it has entered into an option agreement (the “Transaction”) to sell its right to acquire a 100% interest in the Santa Maria silver and gold project located in southern Chihuahua State, Mexico to Magellan Gold Corporation (MAGE) (“Magellan”). Prior to the end of such period, Magellan will have the right to exercise its option to acquire the Company’s interests in the project. If Magellan exercises its option, Magellan will pay $1.0 million cash to Golden Minerals at closing. Golden Minerals will retain a 6.5% NSR royalty from all production at Santa Maria until a total of $3.0 million has been paid to the Company under the royalty agreement.
RENO, NV / ACCESSWIRE / October 4, 2019 / Magellan Gold Corporation (MAGE) ("Magellan" or the "Company") today announced agreements effective September 30, 2019 (the "Agreements") with its primary secured creditors and largest shareholder to convert an aggregate of $2.45 million of outstanding debt obligations (including a secured line of credit, outstanding promissory notes and advances) into a newly-created series of Preferred Shares of the Company ("Preferred Shares"). The Preferred Shares will carry a $2.45 million liquidation preference, subject to adjustments, be convertible into common stock at $1.00 per share and bear a 10% annual dividend payable in kind at the option of the Company. The Agreements release and reduce liens on certain assets of the Company and convert portions of both its secured and unsecured debt holdings to Preferred Shares in order enhance the balance sheet and facilitate new financing arrangements.
RENO, NV / ACCESSWIRE / July 23, 2019 / Magellan Gold Corporation (MAGE) (“Magellan” or “the Company”), is pleased to announce the immediate appointment of Frank A. Pastorino as Chief Operating Officer, further strengthening Magellan’s senior management team. The Company announced David Drips as President & CEO on June 19, 2019. Pastorino has more than 15 years of experience in the mining and metals industry including ten years outside of North America.
RENO, NV / ACCESSWIRE / June 25, 2019 / Magellan Gold Corporation (MAGE) ("Magellan" or "the Company), is pleased to announce the immediate appointment of David E. Drips as Chief Executive Officer, President, and Director of the Company. Mr. Drips replaces Dr. Pierce Carson who retired on June 1, 2019. David Drips has Over 45 years of experience in the mining and contracting industry as a miner, supervisor, engineer, project manager, general manager, president, and owner.
RENO, Nevada, April 3, 2019 /PRNewswire/ -- Magellan Gold Corporation (OTCQB: MAGE) ("Magellan" or "the Company), today provided an update on its El Dorado Gold-Silver Mine and its SDA Mill located in Nayarit State, Mexico. In March, the Company gained the support of the local permitting officials. It anticipates the new federal administration will favor the permitting of El Dorado, including both environmental and explosives permits, allowing the mine's economic impact to enhance the local community.
RENO, Nevada, March 4, 2019 /PRNewswire/ -- Magellan Gold Corporation (OTCQB: MAGE) ("Magellan" or "the Company") is pleased to announce that it has engaged the sevices of senior mining consultant David E.Drips to provide guidance in the evaluation, design and development of the Company's El Dorado Gold-Silver mining project, Nayarit State, Mexico. Magellan has continued to advance El Dorado, which lies 50 kilometers south of the Company's SDA Mill. The Company plans to process the ore at the SDA Mill once the new mine is developed.
Magellan Gold Corporation (MAGE) ("Magellan" or "the Company"), a U.S. based mining and exploration enterprise focused on silver and gold, announced today the effectiveness of a 1-for-50 reverse split of its common stock. Shares of Magellan common stock will begin trading on a split-adjusted basis on the OTCQB Marketplace at the market open on January 7, 2019. "The completion of this reverse split marks an important step in the recapitalization we have accomplished over the course of the last year," said W. Pierce Carson, President and CEO of Magellan.
Magellan Gold Corporation (MAGE) ("Magellan" or "the Company"), a U.S. based mining and exploration enterprise focused on silver and gold, today announced it has reached preliminary agreement to toll treat mineralized material utilizing the Company's SDA Mill at Acaponeta, Nayarit State, Mexico. A private third-party supplier will be responsible for sourcing the mineralized material and delivering it to the mill. Test processing of an initial bulk sample of approximately 1,000 tons is expected to commence during December 2018. If the initial test is successful in yielding a marketable concentrate, the parties intend to proceed with processing at a rate of up to 3,000 tons per month.