MAGE
Magellan Copper and Gold Corp.0.2700
+0.0400+17.4%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
7.39MP/E (TTM)
-Basic EPS (TTM)
-0.03Dividend Yield
0%Recent Filings
8-K
LOI for Ophir gold mine
Magellan Copper & Gold signed a letter of intent on January 30, 2026, to acquire the fully permitted Ophir Creek Placer Gold Mine near Ophir, Alaska, from Village Gold, covering 9 state claims spanning 620 acres. It enables gold production in 2026 amid rising metal prices, generating cash flow to fund other projects. Risks abound.
10-Q
Q3 FY2025 results
Magellan Copper & Gold trimmed operating expenses to $31,603 in Q3 ended September 30, 2025, down 70.5% y/y from $107,170, yet net loss widened to $153,277 from $66,602 as derivative liability swung $103,410 negative (vs $46,197 gain). Nine-month operating loss eased 51.0% y/y to $136,953, but net loss rose to $335,026 from $271,004, driven by $118,452 derivative loss. Cash dipped to $388 from $896 year-start amid $27,118 operating outflow partly offset by $140,000 stock sale; working capital deficit hit $2.1M with $2.1M current liabilities including past-due convertible notes. Signed Cable Project earn-in MOU February 2025, crediting $100,000 prior deposit toward $500,000 spend for 45% interest. Debt defaults loom large.
10-Q
Q2 FY2025 results
Magellan Copper & Gold narrowed its Q2 operating loss to $47,314 from $71,817 a year earlier, thanks to lower professional fees, while flipping to a slim $2,391 net profit on a $67,769 gain from derivative liability changes. For the half-year, operating expenses dropped 39% year-over-year to $105,350, but a $15,042 derivative loss and $19,950 debt conversion hit pushed the net loss to $181,749, wider than last year's $204,402 yet showing cost discipline. Cash dipped to $589 amid $26,917 in operating outflows, offset by $140,000 from stock sales; total debt lingers around $1.0M in past-due convertibles, with $62,200 in derivatives. In February 2025, it shifted focus to the Cable Project earn-in, crediting $100,000 from the scrapped Kris deal toward a $500,000 spend for 45% interest over 24 months. Funding stays tight. Exploration delays loom large.
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