Magna Mining (MGMNF) Projected to Release Quarterly Earnings on Wednesday

Magna Mining (OTCMKTS:MGMNF – Get Free Report) is projected to announce its resultson Wednesday, August 12th. Analysts expect Magna Mining to post earnings of $0.0070 per share and revenue of $23.2320 million for the quarter.

Magna Mining Stock Performance

MGMNF opened at $1.91 on Monday. The stock’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.82. Magna Mining has a 12 month low of $1.21 and a 12 month high of $3.10.

About Magna Mining

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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.

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