Moriarty: “San Francisco Mine of Magna Gold Into Serious Production”

Bob Moriarty
Archives
Oct 26, 2021

I have been pounding the table for the best part of three weeks about us having hit at least a tradeable low in gold and silver at the end of September. Relative to the S&P or the commodities index the price of gold or gold shares is at the lowest it has been in many years. You are at the point where risk is the least. So while this article is about one specific company, there are hundreds of companies selling for a fraction of what they should be selling for. Across the board there are exceptional bargains.

I wrote about Magna Gold (MGR-V) over a year ago. The president of the company, Arturo Bonillas, was predicting production of somewhere about 70,000 ounces of gold the first year. Arturo intends to expand production to 200,000 ounces of gold a year by 2023 via an increase in gold being mined and adding additional deposits.

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