Magna Mining (MGMNF) to Release Quarterly Earnings on Thursday

Magna Mining (OTCMKTS:MGMNF) is anticipated to issue its resultson Thursday, April 23rd. Analysts expect the company to announce earnings of ($0.0146) per share and revenue of $21.8460 million for the quarter.

Magna Mining Trading Down 0.6%

Shares of OTCMKTS MGMNF opened at $1.87 on Thursday. The firm has a 50-day simple moving average of $1.91 and a 200-day simple moving average of $2.04. Magna Mining has a 52 week low of $0.99 and a 52 week high of $3.10.

About Magna Mining

Magna Mining Inc is a Canada-based mineral exploration and development company focused on advancing base metal projects in Mexico. The company’s flagship asset is the Cordero silver-lead-zinc deposit, located in the state of Chihuahua. Through systematic exploration, resource definition drilling and metallurgical testing, Magna Mining aims to delineate and expand mineral resources in order to progress Cordero toward preliminary economic assessment and prefeasibility stages.

The Cordero project benefits from existing infrastructure, including paved highways and nearby power transmission, which supports ongoing drill programs and potential future development.