Magellan Gold Corporation (MAGE)
Chart Events
Performance Outlook
| Previous Close | 0.9500 |
| Open | 0.9500 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.9085 - 0.9800 |
| 52 Week Range | 0.6500 - 1.6550 |
| Volume | 3,157 |
| Avg. Volume | 2,193 |
| Market Cap | 7.474M |
| Beta (5Y Monthly) | 3.75 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.7380 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Magellan Advances Development Work at Center Star Gold Mine in Idaho
Drift clean out is next milestone in development plan WALLACE, Idaho, Dec. 16, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire \-- Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a US focused precious metals exploration and development company, today announced that the Company is now beginning work to clean out and stabilize the main drift after successfully reopening the main portal and emergency access portal at the Center Star Gold Mine (“Center Star”) near Elk City, Idaho. The company has installed a large metal culvert to secure and stabilize the primary portal allowing for access to begin drift work.It has been 35 years since exploration or development work was last conducted in the Center Star Mine. The drift clean-out and stabilization program will allow for safe access to the historical working areas of the mine for our workers and staff. As part of the initial development work the company also upgraded the main access road to the mine.“Completing the portal openings now gives us the ability to gain access to the underground workings of Center Star,” said Mike Lavigne, President of Magellan. “Upon completion of the drift work, Magellan will begin a sampling program to verify historical reports that have identified several ore blocks and mineralized zones. Verifying information contained in various historical geological reports will help us to better define our next phase of exploration and possibly provide us with the opportunity of near-term production. We are very pleased with our progress to date and we are looking forward to the next steps in moving the project forward,” Lavigne added.Located near the Elk City mining district of Idaho, Center Star hosts high-grade gold mineralization that was discovered in the early 1900s, with periodic historic production and development work done under different ownership through the 1980s. Since acquiring the Center Star project in July 2020, Magellan acquired additional unpatented mining claims adding 320 acres of land to increase its holding to 620 acres of claims along the Center Star gold trend. About Magellan Gold CorporationMagellan Gold Corporation (OTCQB: MAGE) is focused on the exploration and development of precious metals in North America. Magellan’s flagship project is the Center Star Gold Mine in Idaho. We are additionally working to build a collection of interests in operating mines in the Western United States. Our goal going forward will be to achieve production and expand our resource base to achieve greater market recognition for the benefit of our shareholders. To learn more about Magellan Gold Corporation, visit www.magellangoldcorp.com.Cautionary StatementThe United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves. Currently we have not delineated “reserves” on any of our properties. We cannot be certain that any deposits at our properties will ever be confirmed or converted into SEC Industry Guide 7 compliant “reserves.” Investors are cautioned not to assume that all or any part of any “resource” estimates will ever be confirmed or converted into reserves or that they can be economically or legally extracted.Forward Looking StatementsThis release contains “forward-looking statements.” Such statements are based on good faith assumptions that Magellan Gold Corporation believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Factors that could cause actual results to differ from those anticipated are discussed in Magellan Gold Corporation’s periodic filings with the Securities and Exchange Commission.Contact: Magellan Gold Corporation Mike Lavigne, President & Director contact@magellangoldcorp.com
- GlobeNewswire
Magellan Gold Announces Hiring of Capital Markets Focused President
Wallace, Idaho, Nov. 10, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire \-- Magellan Gold Corporation ( OTCQB: MAGE ) ("Magellan" or "the Company"), is pleased to announce the appointment of William Luckman as President. Luckman has more than 30 years of experience in banking and finance. For the past 15 years he has focused on assisting growth opportunities with accessing capital through the US equity markets. The addition of Mr. Luckman provides Magellan the leadership it needs to achieve success in the capital markets. The Company’s goals, including adequate funding to achieve gold production, and a listing on a “national securities exchange” in 2021, will be the primary focus of his attention over the next 12 months.“Mr. Luckman is an accretive addition to our existing principal executive, Mr. Michael Lavigne, who will continue as CEO of Magellan Gold Corporation. Mr. Lavigne will be focused on our planned mining operations, and Mr. Luckman’s focus will be the capital markets,” said Mr. John Power, Director & CFO of Magellan.About Magellan Gold CorporationMagellan Gold Corporation (OTCQB: MAGE) is focused on the exploration and development of precious metals in North America. Magellan’s flagship project is the Center Star Gold Mine in Idaho. We are additionally working to build a collection of interests in operating mines in the Western United States. Our goal going forward will be to achieve production and expand our resource base to achieve greater market recognition for the benefit of our shareholders. To learn more about Magellan Gold Corporation, visit www.magellangoldcorp.com.Contact : contact@magellangoldcorp.com ; 707-291-6198Cautionary StatementThe United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves. Currently we have not delineated “reserves” on any of our properties. We cannot be certain that any deposits at our properties will ever be confirmed or converted into SEC Industry Guide 7 compliant “reserves.” Investors are cautioned not to assume that all or any part of any “resource” estimates will ever be confirmed or converted into reserves or that they can be economically or legally extracted.Forward Looking StatementsThis release contains “forward-looking statements.” Such statements are based on good faith assumptions that Magellan Gold Corporation believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Factors that could cause actual results to differ from those anticipated are discussed in Magellan Gold Corporation’s periodic filings with the Securities and Exchange Commission.
- GlobeNewswire
Magellan Completes Work to Reopen Portals at Center Star Gold Mine in Idaho
MAGE Center Star Main PortalAccess to underground workings of the mine key to developing exploration plan WALLACE, Idaho, Sept. 17, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a precious metals exploration and development company, today announced that the Company has successfully reopened the main portal and emergency access portal at the Center Star Gold Mine (“Center Star”) in Idaho.In August 2020, Magellan received its permit from the U.S. Forest Service allowing the Company to reopen Center Star’s portals and posted the required bond. Work on the project began immediately afterwards, including the rehabilitation of roads leading to the mine.“We are excited to make significant progress in advancing the development work on Center Star Gold Mine,” said Mike Lavigne, President of Magellan. “As planned, we have quickly reopened the mine’s portals, giving us access to the underground workings of Center Star. It has been 35 years since exploration or development work was last conducted in this mine. One of our immediate priorities is to evaluate and identify areas that require additional mine stabilization so that our workers and staff can move safely underground. When safety is confirmed, we can proceed with defining an exploration plan for drilling and sampling. We are confident in the potential for this project given Center Star’s historical production.”Located near the Elk City mining district of Idaho, Center Star hosts high-grade gold mineralization that was discovered in the early 1900s, with periodic historic production and development work done under different ownership through the 1980s. Since acquiring the Center Star project in July 2020, Magellan acquired additional unpatented mining claims adding 320 acres of land to increase its holding to 620 acres of claims along the Center Star gold trend. About Magellan Gold CorporationMagellan Gold Corporation (OTCQB: MAGE) is focused on the exploration and development of precious metals in North America. Magellan’s flagship project is the Center Star Gold Mine in Idaho. We are additionally working to build a collection of interests in operating mines in the Western United States. Our goal going forward will be to achieve production and expand our resource base to achieve greater market recognition for the benefit of our shareholders. To learn more about Magellan Gold Corporation, visit www.magellangoldcorp.com.Cautionary StatementThe United States Securities and Exchange Commission permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can legally extract or produce. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves. Currently we have not delineated “reserves” on any of our properties. We cannot be certain that any deposits at our properties will ever be confirmed or converted into SEC Industry Guide 7 compliant “reserves.” Investors are cautioned not to assume that all or any part of any “resource” estimates will ever be confirmed or converted into reserves or that they can be economically or legally extracted.Forward Looking StatementsThis release contains “forward-looking statements.” Such statements are based on good faith assumptions that Magellan Gold Corporation believes are reasonable but which are subject to a wide range of uncertainties and business risks that could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Factors that could cause actual results to differ from those anticipated are discussed in Magellan Gold Corporation’s periodic filings with the Securities and Exchange Commission.Contact: Magellan Gold Corporation Mike Lavigne, President & Director contact@magellangoldcorp.comAttachment * MAGE
