Narrowed operating and net losses reflect absence of prior-year impairment charges on Blue Jacket and Cuprum projects, signaling cost discipline in exploration stage amid ongoing funding dependency and going concern considerations.
Narrowed operating and net losses reflect absence of prior-year impairment charges on Blue Jacket and Cuprum projects, signaling cost discipline in exploration stage amid ongoing funding dependency and going concern considerations.
Magellan Gold Corporation, an exploration stage company, engages in the acquisition, exploration, and development of mineral resources in Idaho. The company's flagship project is 100% owned Center Star Gold Mine that consists of 31 unpatented lode claims totaling 620 acres located near Elk City, Idaho. It also builds a collection of operating gold mines in the Western United States. The company was incorporated in 2010 and is headquartered in Wallace, Idaho.