Magellan Gold Corporation (PK) (MAGE) News

MAGE $$$$

MAGE.... HMMMM

MorganSilverDollar asks anything new here?

Bring on the mining! :)

Market Cap Market Cap
8,354,309
09/21/2020
Authorized Shares
1,000,000,000
09/02/2020
Outstanding Shares
6,683,447
09/02/2020
Restricted
5,411,453
09/02/2020
Unrestricted
1,271,994
09/02/2020
Held at DTC
846,890
09/02/2020
Float
838,047
05/05/2020

https://www.otcmarkets.com/stock/MAGE/news/Magellan-Gold-Doubles-the-Size-of-Its-Center-Star-Gold-Property-in-Idaho?id=267715

GOLD MINE

https://www.otcmarkets.com/stock/MAGE/news/Magellan-Completes-Work-to-Reopen-Portals-at-Center-Star-Gold-Mine-in-Idaho?id=274324

News Out: Golden Minerals Enters Into Option Agreement to Sell Its Santa Maria Project
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October 17, 2019 06:50 ET | Source: Golden Minerals Company
GOLDEN, Colo., Oct. 17, 2019 (GLOBE NEWSWIRE) -- 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 (OTCQB: MAGE) (“Magellan”).

The agreement provides for a period of up to 150 days during which Magellan will complete its due diligence review and secure adequate financing for the project. 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. Thereafter, Golden will retain a 3.0% NSR royalty for the balance of the mine’s life. If Magellan fails to achieve commercial production from the project within one year following closing, Golden Minerals will not be obligated to convey its interests in the project to Magellan and the Company will retain its interest in the project with no obligation to return any payments to Magellan.

Golden Minerals’ President and Chief Executive Officer, Warren Rehn, notes, “We feel this is a very positive transaction for Golden Minerals. It will let us monetize Santa Maria’s value while keeping our risk to a minimum. The ongoing cash stream that this transaction presents will be used to further some of Golden’s other exploration projects.”

About Magellan Gold Corporation

Magellan Gold Corporation is a US public enterprise focused on acquiring gold and silver properties that could be close to development state in Nayarit and Sinaloa States, Mexico. It is an aspiring metals producer and its principal business is the acquisition and development of mineral resources. Magellan controls several precious metals projects in Mexico and Arizona.

About Golden Minerals

Golden Minerals is a Delaware corporation based in Golden, Colorado. The Company is primarily focused on advancing its El Quevar silver property in Argentina and on acquiring and advancing mining properties in Mexico and Nevada.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities legislation, including statements regarding the proposed transaction with Magellan, including the anticipated timing for closing the transaction. These statements are subject to risks and uncertainties, including the results of Magellan’s due diligence investigation; the timing or outcome of third party or governmental consents (if any); increases in costs and declines in general economic conditions; changes in political conditions, in tax, royalty, environmental and other laws in the United States or Mexico and other market conditions; and fluctuations in silver and gold prices. Golden Minerals assumes no obligation to update this information. Additional risks relating to Golden Minerals may be found in the periodic and current reports filed with the SEC by Golden Minerals, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2018.

SOURCE: Golden Minerals Company

For additional information please visit http://www.goldenminerals.com/ or contact:

Golden Minerals Company
Karen Winkler
Director of Investor Relations
(303) 839-5060

MAGE: effective Jan. 7,2019 a one for 50 reverse split: (yesterdays closing PPS .0263)

http://otce.finra.org/DLSymbolNameChanges

Wish i had got more at 007 whew :)

13D/A filed.

MAGE whew that too entirely too long LOL peace-

Float
3,500,000
12/01/2017

MAGE 016 Outstanding Shares
97,581,382
03/19/2018

Float
3,500,000
12/01/2017

MAGE News Coming! Magellan Announces Restart of SDA MillPress Release | 03/05/2018
Magellan Announces Restart of SDA Mill
PR Newswire

RENO, Nevada, March 5, 2018

RENO, Nevada, March 5, 2018 /PRNewswire/ --

Magellan Gold Corporation (OTCQB: MAGE) ('Magellan' or 'the Company') announced that it has rehired employees and is restarting its 100% owned SDA Mill, Nayarit State, Mexico. Initially, operations will reprocess tailings located at the mill site. The tailings are waste products left from previous processing of ore but still contain low values of gold and silver. Recovery of a portion of these remaining precious metals is expected to defray holding costs of the mill while new ore sources are acquired. The mill last operated in November 2017 and processed third-party ore on a toll basis. The Company completed acquisition of the SDA Mill in November 2017.

"The reprocessing operation will offset holding costs and allow the mill to remain in a fully operational status," said Pierce Carson, CEO. "Meanwhile, we are continuing to focus on securing sources of high-grade gold and silver ore that can be trucked to the mill for processing. We are close to being able to announce the acquisition of an attractive property that will allow us to resume mining operations, build production and increase cash flow."

About Magellan Gold Corporation

MAGE 016 Outstanding Shares
97,581,382
03/19/2018

Float
3,500,000
12/01/2017

Transfer Agent
Corporate Stock Transfer, Inc.
OTCQB Member Since 05/2012
OTCQB
OTCQB Venture
Verified Profile 12/2017
Transfer Agent Verified http://www.magellangoldcorp.com/

Gold..Going UP...Why NOT Mines???

Gold is UP..Today..Not HELPING..MAGE

8k Today

Liked the $.082 in Sept.

Like to See MINES...Run!!!

$.0444....Looking Better

Closed LOD $.0132

ONLY 2K shares Traded...Today

$50K to open Mill...Let's hope there..Are..PROFITS!!!!

No trades ...So Far ...Today

I see ABX had a $22 target. Now $19. Looks like miners suffering more than actual Gold. As market goes higher, Gold goes down. Miners...Even MORE so.

A/S increase to 1B took place per NVSOS Filing
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=3kgX0%252bYPzraADFdAU4lzbw%253d%253d&CorpName=MAGELLAN+GOLD+CORPORATION

next step R/S?

Oh, and the old A/S was 125M not 100M as all of the Co Filings are showing... hmmmm

Previous Stock Value: Par Value Shares: 125,000,000 Value: $ 0.001 No Par Value

Yep!! Looks like October...The Mill will Happen!!!

YEP!! News This a.m. The Mill!!!!

Less than 50K traded.. LOD $.066

Really SURPRISED!! Thought ASK might Plummet. After a R/S, no value lost. Share price goes up. However, OFTEN falls after R/S. Plus, Harder to make Big BUCK$$$$ with fewer Shares

WOW!!! Now $.082

OPENED..$.0718 3000 Shares...If 1 for 50 R/S...That's 60Shares

Still seeing $.066 Bid. Thinking...R/S will Encourage many to try to Get OUT!!!

Yep. Going from 100Million..to 1Billion..Plus R/S..Maybe 1 for 50

A/s increase and r/s pos company $mage

Taking this off my watchlist

8-k New Website for MAGE Sept. 8th

News Yesterday MAGE

Month ago...was At $.185...Definitely Down!!

$900,000 Bridge loan.. Buy the Mill....Hopefully!

Funny!! Pre-Market Bid $.05...Lower than 52 Week Low of $.065

Dropped to $.0901 ON...WHACK of 250 SHARES

2000 Share Trade...At OPEN

Funny!! Splitting Hairs Ask $.10 Trades $.0999

Would be Nice...If they acquired the Mill

8-K ....OTC looking at MAGE...OTC not Happy!!

At LOD $.121 with 365K traded

MAGE at $.15 with 290K traded