Canada’s Magna Gold Corp has reached full-scale commercial production at its San Francisco gold mine in Sonora, Mexico, the firm said in a statement.
“Furthermore, the Company is on track to achieve and reiterates its earlier stated 2021 guidance of 55,000 – 65,000 oz of gold … pro-duction,” according to the statement.
At the San Francisco mine, Magna Gold expects a production run rate of about 6,000 oz of gold per month in the third quarter of this year, and plans to exit the year at a run rate of some 7,500 oz of gold monthly, the business said.
Arturo Bonillas, the president and CEO of Magna, said that achieving “full-scale commercial production in such a short period of time is a testament to the hard work and quality of our Mexico-based opera-tions team and as a company, we have demonstrated our ability to execute on all our target deliverables.”