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Magna Gold Reaches 3 Million Manhours Without a Lost-Time Incident


Magna or the
Company ) is pleased to announce the achievement of a significant milestone. The San Francisco Mine has exceeded three million man-hours of work without lost-time incidents within all its operations, including contractors and suppliers. The last lost-time incident was in September 2018. In addition, the San Francisco Mine has never had an occupational hazard fatality in its entire [11 year] history. These accomplishments reflect the Company s commitment to personnel safety and consistency in risk and safety preventative practices.
Arturo Bonillas, President and CEO stated This is a very important achievement and a good reflection of the planning and training we undertake resulting in high safety standards at our operations. We are proud of our team s dedication, and especially during the ramp-up of operations in the past year, to maintaining a safe and hazard free workplace environment . ....

Arturo Bonillas , Regulation Services Provider , Venture Exchange , Magna Gold Corp , Magna Gold , San Francisco Mine , ஆர்ட்டுரோ போனிலாஸ் , ஒழுங்குமுறை சேவைகள் வழங்குநர் , துணிகர பரிமாற்றம் , மாக்னா தங்கம் கார்ப் , மாக்னா தங்கம் , சான் பிரான்சிஸ்கோ என்னுடையது ,

Magna Gold Reports on Final Payments for the San Francisco Mine Acquisition


Magna Gold Reports on Final Payments for the San Francisco Mine Acquisition
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TORONTO, May 7, 2021 /PRNewswire/ - Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) ( Magna or the Company ) is pleased to announce the payment of US$5,000,000 to Argonaut Gold Inc. ( Argonaut ) in relation to the acquisition of the San Francisco Mine.   
Pursuant to a definitive share purchase agreement dated March 5, 2020, as amended April 24, 2020, between Mexican subsidiaries of Argonaut and Magna for the acquisition of the San Francisco Mine, Magna was required to pay US$5,000,000 plus a working capital differential by May 6, 2021. Magna has completed the US$5,000,000 payment from working capital and provided a promissory note for the remaining balance of US$2,675,000 to be paid in four monthly installments commencing July 6, 2021 and ending October 6, 2021. The promissory note bears uncompounded interest at a rate of 5% per an ....

United States , Arturo Bonillas , Argonaut Gold Inc , Regulation Services Provider , Venture Exchange , Magna Gold Corp , Argonaut Gold , San Francisco , San Francisco Mine , ஒன்றுபட்டது மாநிலங்களில் , ஆர்ட்டுரோ போனிலாஸ் , ஆர்கோனாட் தங்கம் இன்க் , ஒழுங்குமுறை சேவைகள் வழங்குநர் , துணிகர பரிமாற்றம் , மாக்னா தங்கம் கார்ப் , ஆர்கோனாட் தங்கம் , சான் பிரான்சிஸ்கோ , சான் பிரான்சிஸ்கோ என்னுடையது ,