TORONTO, May 26, 2021 /CNW/ - Magna Gold Corp. (TSXV:
MGR) (OTCQB: MGLQF) ("Magna" or the "Company")
is pleased to announce the achievement of a significant milestone.
The San Francisco Mine has exceeded three million man-hours of work
without lost-time incidents within all its operations, including
contractors and suppliers. The last lost-time incident was in
September 2018. In addition, the San
Francisco Mine has never had an occupational hazard fatality in its
entire [11 year] history. These accomplishments reflect the
Company's commitment to personnel safety and consistency in risk
and safety preventative practices.
Arturo Bonillas, President and
CEO stated "This is a very important achievement and a good
reflection of the planning and training we undertake resulting in
high safety standards at our operations. We are proud of our team's
dedication, and especially during the ramp-up of operations in the
past year, to maintaining a safe and hazard free workplace
environment".
On April 7, each employee of the
Company including all contractors and suppliers received a
certificate of recognition for their effort and commitment to their
own safety and that of their co-workers. The Company currently
employs 238 direct employees and 681 contractor's personnel.
On other safety-related matters, the Company credits stringent
safety and control measures in fostering a disciplined management
of the COVID-19 crisis, with zero current cases at the Company as
at today' date.
Magna has an unwavering commitment to the protection of health,
safety, and the environment. It operates in a sustainable and
socially responsible manner that is consistent with Company values
by actively promoting and developing systems to minimize risk and
impact. The Company works cooperatively with local stakeholders and
governmental agencies using the best technologies to ensure safe
and efficient use of resources.
Magna's commitment to the country of Mexico and its economic, social, and
environmental impact will continue to be transparent.
About Magna Gold Corp
Magna is a Mexico focused gold/silver production company
focused on acquiring, exploring, developing and operating quality
precious metals properties in Mexico. It is committed to advancing its 100%
owned highly prospective mineral properties located in Sonora and in Chihuahua. The primary strength
of the Company is the team of highly experienced mining
professionals with a proven track record of developing properties
in Mexico from discovery to
production. Magna employs community members and services in its
operations.
ON BEHALF OF THE BOARD OF DIRECTORS
Arturo Bonillas
President and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Statements
This News Release
includes certain "forward-looking statements" which are not
comprised of historical facts. Forward-looking statements include
estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company
or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as
"believes", "anticipates", "expects", "estimates", "may", "could",
"would", "will", or "plan". Since forward-looking statements are
based on assumptions and address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Although these statements are based on information currently
available to the Company, the Company provides no assurance that
actual results will meet management's expectations. Risks,
uncertainties and other factors involved with forward-looking
information could cause actual events, results, performance,
prospects and opportunities to differ materially from those
expressed or implied by such forward-looking information.
Forward-looking information in this news release includes, but is
not limited to, the Company's objectives, goals or future safety
plans and the other risks involved in the mineral exploration and
development industry, risks related to the effects of
COVID-19 on the Company; and those risks set out in the
Company's public documents filed on SEDAR. Although the Company
believes that the assumptions and factors used in preparing the
forward-looking information in this news release are reasonable,
undue reliance should not be placed on such information, which only
applies as of the date of this news release, and no assurance can
be given that such events will occur in the disclosed time frames
or at all. The Company disclaims any intention or obligation to
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise, other than
as required by law.
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SOURCE Magna Gold Corp.