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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, USMap
Websitemagellangoldcorp.com

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)36
Revenue (FY, 2019)$32.5 K(-73%)
Share Price (Sept 2020)$1.3 (+4%)
Cybersecurity ratingAMore

Key People/Management at Magellan Gold

David Drips

David Drips

President, CEO and Director
John Power

John Power

Director
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Magellan Gold Office Locations

Magellan Gold has an office in Albuquerque
Albuquerque, 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-Sept-2020)

7.3m

Closing stock price (22-Sept-2020)

1.3

Cash (30-Jun-2020)

53.5k

EV

7.6m
Magellan Gold's current market capitalization is $7.3 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
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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)
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USDQ3, 2011

Financial Leverage

-3.7 x
Show all financial metrics

Magellan Gold Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

Learn more about about our premium products
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Magellan Gold Online and Social Media Presence

Magellan Gold's Trends

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Magellan Gold News and Updates

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

January 13, 2020

Magellan Gold Corporation enters into agreement to sell 100% of Silver District project in Arizona

RENO, NV / ACCESSWIRE / January 13, 2020 / Magellan Gold Corporation (MAGE) (“Magellan” or the “Company”) today announced it has entered into a binding Letter of Intent to sell 100% of its Silver District project in La Paz County, Arizona, to NV Gold Corporation (TSXV: NVX, US: NVGLF) for cash, NVX …
October 17, 2019

Magellan Gold Corporation Enters into an Agreement to Acquire the Santa Maria Mine from Golden Minerals Company

Magellan Gold Corp (OTCQB:MAGE) (the “Company“) has entered into a binding agreement, dated October 16, 2019, with Golden Minerals Company ( “NYSE:AUMN“)(“Golden”)  for the assignment of the option (the “Transaction“) to earn a 100% interest in the Santa Maria Project in Chihuahua State, Mexico. The…
October 04, 2019

Magellan Gold Corporation Announces Agreements to Enhance Balance Sheet and Shareholder Update

Reno, NV —- Magellan Gold Corporation (OTCQB:MAGE) (“Magellan” or the “Company”) today announced agreements effective September 30, 2019 (the “Agreements”) with its primary secured creditors and largest shareholder to convert an aggregate of $2.45 million of outstanding debt obligations (including a…
July 23, 2019

Magellan Gold Names Frank A. Pastorino Chief Operating Officer

Reno, Nevada —- Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company”), is pleased to announce the immediate appointment of Frank A. Pastorino as Chief Operating Officer, further strengthening Magellan’s senior management team.  The Company announced David Drips as President & CEO…
June 25, 2019

Magellan Gold Names David E. Drips President and Chief Executive Officer

Reno, Nevada —- Magellan Gold Corporation (OTCQB: MAGE) (“Magellan” or “the Company), is pleased to announce the immediate appointment of David E. Drips as Chief Executive Officer, President, and Director of the Company. Mr. Drips replaces Dr. Pierce Carson who retired on June 1, 2019. David Drips h…
April 03, 2019

Magellan Gold Provides Update on Mexican Activities

Reno, Nevada – Magellan Gold Corporation (OTCQB:  MAGE) (“Magellan”or “the Company), today provided an update on its El Dorado Gold-Silver Mine and its SDA Mill located in Nayarit State, Mexico. In March, the Company gained the support of the local permitting officials. It anticipates the new federa…
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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 David Drips 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 NovaGold Resources, DynaResource and Kefi 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.