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Magellan Gold Corp (OTCMKTS:MAGE)

Magellan Gold Corp (OTCMKTS:MAGE) Company Profile

Symbol(s): OTCMKTS:MAGE
Industry: Silver Mining
Website: www.magellangoldcorp.com
eMail: contact@magellangoldcorp.com

Magellan Gold Corp (OTCMKTS:MAGE) is a US-based Silver mining company. It’s a junior early stage explorer mainly focused on exploration and development of mineral properties in USA and Peru. The company has multiple properties including Silver District (Arizona, USA) and Ninobamba (Peru).

Magellan Gold Corp (OTCMKTS:MAGE) has about 16 million ounces of silver reserves & resources.

Magellan Gold Corp has no cash and no debt. The company has 5.6 million shares outstanding and as of September 01, 2020, had a market capitalization of US$7.84 million. The stocks of Magellan Gold Corp trade on the Over-the-Counter Exchange.

Magellan Gold Corp (OTCMKTS:MAGE) Share Price Chart

Magellan Gold Corp (OTCMKTS:MAGE) Technical Data
Last Updated: September 2, 2020

Share Price:
US$1.4 (9/1/2020 16:00:00)
Volume:
5043 (9/1/2020 16:00:00)
52 Week High:
US$2.3
52 Week Low:
US$0.2
Change from 52 Week Low:
599.97%
Change from 52 Week High:
-39.13%
Beta
3.57
Average Volume:
8304

Magellan Gold Corp (OTCMKTS:MAGE) Financial Data

Share Price:
US$1.4 (9/1/2020 16:00:00)
Shares Outstanding:
5.6 million
Market Capitalization:
US$7.84 million
Cash:
US$0 million
Total Debt:
US$0 million
Enterprise Value:
US$7.84 million
Earnings Per Share:
-1.83
Price to Earning (P/E) Ratio:
#N/A

Magellan Gold Corp (OTCMKTS:MAGE) Silver Resources

Total Reserves & Resources:
16 million ounce
Plausible Reserves & Resources:
5.6 million ounce
Future Cash Cost Per Ounce:
US$12
Future All-in Sustaining Cost Per Ounce:
US$18
Future Annual Production:
0.5 million ounce

Magellan Gold Corp (OTCMKTS:MAGE) Valuation by Resources

Gold Equivalent Resources:
0.232 million ounce **
Silver Equivalent Resources:
16 million ounce
Enterprise Value Per Gold Ounce:
US$33.825
Enterprise Value Per Silver Ounce:
US$0.49
Gold Equivalent Resources per FD share:
0.041 ounce
Silver Equivalent Resources per FD share:
2.857 ounce

** Silver to gold ratio of 0.014486455164421 was used in the calculation of gold equivalent resources

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