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Magellan Gold

OverviewSuggest Edit

Magellan Gold Corporation is an enterprise engaged in the exploration and development of gold and silver mines. The Company’s goal is to produce significant cash flow from precious metals holdings while creating a portfolio of quality exploration and development projects that will ensure future revenue growth.

TypePublic
Founded2001
HQAlbuquerque, NM, USMap
Websitemagellangoldcorp.com

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)36
Revenue (FY, 2019)$32.5 K(-73%)
Share Price (Jan 2021)$1
Cybersecurity ratingAMore

Key People/Management at Magellan Gold

Michael Lavigne

Michael Lavigne

President and Director
Deepak Malhotra

Deepak Malhotra

Director
John Power

John Power

Director
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Magellan Gold Office Locations

Magellan Gold has an office in Albuquerque
Albuquerque, NM, US (HQ)
500 Marquette, 500 Marquette Ave NW #1200
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Magellan Gold Financials and Metrics

Magellan Gold Revenue

Magellan Gold's revenue was reported to be $32.50 k in FY, 2019
USD

Net income (Q2, 2020)

(2.2m)

EBIT (Q2, 2020)

(124.1k)

Market capitalization (22-Jan-2021)

6.9m

Closing stock price (22-Jan-2021)

1.0

Cash (30-Jun-2020)

53.5k

EV

7.2m
Magellan Gold's current market capitalization is $6.9 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

124.0k32.5k

Cost of goods sold

437.7k286.1k

Gross profit

(313.8k)(253.6k)

Gross profit Margin, %

(253%)(780%)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

122.8k2.4k32.5k

Cost of goods sold

315.2k121.0k94.8k73.8k95.5k

Gross profit

(192.4k)(118.6k)(62.3k)(73.8k)(95.5k)

Gross profit Margin, %

(157%)(4905%)(192%)
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

107.04.4k2.1k94.0867.0485.0421.04.9k5.3k

Prepaid Expenses

4.0k559.0121.3k44.7k55.9k

Current Assets

4.1k4.4k2.1k94.022.3k26.2k258.4k120.2k61.2k

PP&E

1.2m1.1m973.9k
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

779.05.0179.047.0990.0334.0825.079.024.083.07.6k2.2k2.1k91.6k4.0k10.2k7.5k1.4k98.7k2.0k2.1k428.01.8k7.5k537.053.5k

Prepaid Expenses

1.0k1.3k150.9k72.7k59.1k33.7k34.7k40.7k5.4k4.8k

Current Assets

779.01.0k179.047.0990.0334.0825.01.3k21.5k83.013.2k51.8k37.4k17.5k107.4k49.2k115.4k195.0k185.2k381.3k158.4k146.4k106.2k109.9k48.2k6.0k58.4k

PP&E

1.2m1.1m1.1m1.0m1.0m960.7k
show all
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(136.5k)(440.7k)(213.4k)(295.6k)(284.8k)(560.2k)(2.1m)(2.3m)(5.1m)

Depreciation and Amortization

12.1k118.8k122.3k

Accounts Payable

36.5k12.2k(20.5k)5.6k17.6k(89.2k)229.3k396.1k480.8k

Cash From Operating Activities

(98.4k)(166.3k)(240.9k)(199.9k)(154.3k)(278.0k)(465.9k)(642.4k)(381.3k)
Quarterly
USDQ3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

(96.0k)(46.5k)(194.1k)(393.1k)(64.9k)(112.2k)(176.4k)(45.6k)(158.5k)(225.9k)(57.6k)(112.0k)(209.1k)(66.5k)(337.1k)(388.4k)(121.8k)(1.0m)(1.2m)(343.0k)(891.7k)(1.4m)(336.9k)(852.1k)(4.6m)(244.7k)(2.5m)

Depreciation and Amortization

31.0k61.0k91.7k30.6k61.4k91.7k

Accounts Payable

20.2k15.1k19.2k5.9k27.4k(5.0k)(9.1k)7.5k13.4k12.0k16.4k11.3k18.7k21.5k8.1k236.9k366.2k86.4k147.4k174.4k70.9k91.6k

Cash From Operating Activities

(72.7k)(20.2k)(76.2k)(136.0k)(41.6k)(117.7k)(191.7k)(32.0k)(129.1k)(166.9k)(29.6k)(70.0k)(127.2k)(40.7k)(136.6k)(199.4k)(106.9k)(184.7k)(301.0k)(130.0k)(306.3k)(418.2k)(74.2k)(143.6k)(353.8k)(57.2k)(112.0k)
show all
USDQ3, 2011

Financial Leverage

-3.7 x
Show all financial metrics

Magellan Gold Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

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Magellan Gold Online and Social Media Presence

Magellan Gold's Trends

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Magellan Gold News and Updates

November 10, 2020

Magellan Gold Announces Hiring of Capital Markets Focused President

Wallace, Idaho, Nov. 10, 2020 (GLOBE NEWSWIRE) -- via NewMediaWire -- Magellan Gold Corporation ( OTCQB: MAGE ) ("Magellan" or "the Company"), is pleased to announce the appointment of William Luckman as President.
September 01, 2020

Magellan Gold Appoints Mining Industry Veteran Dr. Deepak Malhotra as Director

Wallace, ID - (NewMediaWire) - September 01, 2020 - Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a precious metals exploration and development company, today announced the appointment of Deepak Malhotra, Ph.D., as Director of the Company.Dr. Malhotra, a world-renowned …
August 25, 2020

Magellan Gold Announces Expansion Into Precious Metals Royalty Opportunities with Creation of M Gold Royalty Subsidiary

Planning to raise capital through a private offering for M Gold Royalty Wallace, ID - (NewMediaWire) - August 25, 2020 - Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a precious metals exploration and development company, announced today that the Company has created a new…
August 11, 2020

Magellan Gold Receives U.S. Forest Service Permit to Reopen Portals at Center Star Gold Mine in Idaho

Wallace, ID - (NewMediaWire) - August 11, 2020 - Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a precious metals exploration and development company, today announced that the Company has received a permit from the U.S. Forest Service to reopen the portals to the Center …
July 15, 2020

Magellan Gold Doubles the Size of Its Center Star Gold Property in Idaho

New claims increase holdings to a total of 620 acres of land at historic gold mine near Elk City, IdahoReno, NV - (NewMediaWire) - July 15, 2020 - Magellan Gold Corporation ( OTCQB: MAGE ) (“Magellan” or the “Company”), a precious metals exploration and development company, is pleased to annou…
January 04, 2019

Magellan Gold Corporation Announces Completion of Reverse Split of Its Common Stock

RENO, Nevada, January 4, 2019 /PRNewswire/ -- Magellan Gold Corporation (OTCQB: MAGE) ("Magellan" or "the Company"), a U.S. based mining and exploration enterprise focused on silver and gold, announced today the effectiveness of a 1-for-50 reverse split of its common stock. Shares of...

Magellan Gold Blogs

August 25, 2020

Magellan Gold Announces Expansion into Precious Metals Royalty Opportunities with Creation of M Gold Royalty Subsidiary

Planning to raise capital through a private offering for M Gold Royalty WALLACE, Idaho – Aug. 25, 2020 – Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a precious metals exploration and development company, announced today that the Company has created a new wholly owned subsi…
August 18, 2020

Magellan Gold Posts Bond and Commences Work to Reopen the Portals at Center Star Gold Mine in Idaho

WALLACE, Idaho, Aug. 18, 2020 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a precious metals exploration and development company, today announced that the Company has posted the bond required under its permit from the U.S. Forest Servic…
August 04, 2020

Magellan Gold Appoints Mining Industry Veteran Michael Lavigne as President and Director

Gregory Schifrin joins the Company’s Board of Directors on the heels of recent acquisition of Clearwater Gold Mining Corporation Wallace, Idaho – August 04, 2020 – Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or the “Company”), a precious metals exploration and development company, today anno…
July 16, 2020

Magellan Gold Doubles the Size of its Center Star Gold Property in Idaho

New claims increase holdings to a total of 620 acres of land at historic gold mine near Elk City, Idaho Reno, Nevada – July 15, 2020 – Magellan Gold Corporation (OTCQB: MAGE ) (“Magellan” or the “Company”), a precious metals exploration and development company, is pleased to announce that the compan…
July 01, 2020

Magellan Gold Acquires Center Star Gold Project in Idaho

Reno, Nevada —- Magellan Gold Corporation (OTCQB: MAGE)  (“Magellan” or the “Company”), is pleased to announce that it has entered into a stock purchase agreement to acquire Clearwater Gold Mining Corporation  (“Clearwater”) which owns certain unpatented mining claims in Idaho County. Idaho that inc…
June 05, 2020

Magellan Gold Corporation Shareholder Update

Reno, Nevada – Magellan Gold Corporation (OTCQB:  MAGE) (“Magellan”or “the Company),  announced today the redirecting its focus toward domestic United States precious metal opportunities as the best path forward to maximize shareholder value. As part of the new direction, effective May 31, 2020, Dav…
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 Magellan Gold Frequently Asked Questions

  • When was Magellan Gold founded?

    Magellan Gold was founded in 2001.

  • Who are Magellan Gold key executives?

    Magellan Gold's key executives are Michael Lavigne, Deepak Malhotra and John Power.

  • How many employees does Magellan Gold have?

    Magellan Gold has 36 employees.

  • What is Magellan Gold revenue?

    Latest Magellan Gold annual revenue is $32.5 k.

  • What is Magellan Gold revenue per employee?

    Latest Magellan Gold revenue per employee is $903 .

  • Who are Magellan Gold competitors?

    Competitors of Magellan Gold include Demir Export, Evolution Mining and Kodal Minerals.

  • Where is Magellan Gold headquarters?

    Magellan Gold headquarters is located at 500 Marquette, 500 Marquette Ave NW #1200, Albuquerque.

  • Where are Magellan Gold offices?

    Magellan Gold has an office in Albuquerque.

  • How many offices does Magellan Gold have?

    Magellan Gold has 1 office.