Magna Gold Corp. reported production results for the fourth quarter and full year of 2021. For the quarter, the company's mine produced 15,499 oz of gold, which represents a production increase of 107% from the same quarter in 2020. Additionally, the strip ratio during the quarter was 4.46, an increase from the previous quarter. This increase is in line with the current mine plan, and it is expected that the strip ratio will trend towards the life of mine average of 2.5 going forward. Gold sold during the quarter was 16,305 ounces at an average realized gold price of USD 1,780 per ounce.

For the Year, the company produced 56,099 oz of gold from its San Francisco Mine in Sonora, Mexico in 2021.