Magellan Copper & Gold INC
Market Movers (8-K)
OID
Magellan Copper & Gold Corp. announced a letter of intent to acquire the fully permitted Ophir Creek Placer Gold Mine in Alaska, aiming for 2026 gold production.
Better than expected
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Magellan Copper & Gold Corp. announced a change in its independent registered accounting firm, dismissing Malone Bailey, LLP and engaging M&K CPAs, PLLC.
Worse than expected
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Magellan Copper & Gold Corp. announced the resignations of Director Howard Crosby and CFO and Director John Ryan, effective September 19, 2025.
Worse than expected
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Magellan Copper & Gold Corp. announces a participatory agreement with Gold Express Mines to develop the historic Atlantic Cable Gold Mine in Montana, aiming to earn a 45% interest by investing $400,000 over the next 24 months.
Delay expected
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Magellan Gold Corporation has changed its name to Magellan Copper and Gold Inc. to better reflect its expanded focus on both gold and copper properties.
OID
Magellan Gold Corporation has agreed to purchase three copper-focused properties and a mineral lease from Gold Express Mines, Inc. in exchange for 6 million shares of common stock.
Quarterly Earnings (10-Q)
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Magellan Copper & Gold Corp. reports increased administrative expenses and a continued net loss for Q1 2026, with a focus on advancing the Ophir Creek Placer Gold Mine.
Worse than expected
Capital raise
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Magellan Copper & Gold Corp. reported a significant increase in net losses and a worsening working capital deficit, raising substantial doubt about its ability to continue as a going concern.
Delay expected
Worse than expected
Capital raise
OID
Magellan Copper & Gold Corp. reported a net income of $2,391 for Q2 2025, a significant improvement from the prior year's loss, despite persistent liquidity challenges and a going concern warning.
Delay expected
Better than expected
Capital raise
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Magellan Copper & Gold Corp.'s Q1 2025 report reveals continued exploration efforts alongside a net loss and reliance on external funding.
Capital raise
Worse than expected
OID
10-Q: Magellan Copper & Gold Inc. Reports Third Quarter 2024 Results, Focuses on Mineral Exploration
Magellan Copper & Gold Inc. reported a net loss of $271,004 for the nine months ended September 30, 2024, while continuing to advance its mineral exploration projects.
Worse than expected
Capital raise
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10-Q: Magellan Copper & Gold Inc. Reports Second Quarter 2024 Results, Focuses on Mineral Exploration
Magellan Copper & Gold Inc. reported a net loss of $204,402 for the six months ended June 30, 2024, as it continues to focus on mineral exploration and development.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
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Magellan Copper & Gold Corp. reported a net loss of $432,025 for FY2025, with auditors raising substantial doubt about its ability to continue as a going concern due to recurring losses and a significant working capital deficit.
Delay expected
Worse than expected
Capital raise
OID
Magellan Copper & Gold's 2024 10-K filing reveals continued exploration activities, asset impairments, and substantial doubt about its ability to continue as a going concern.
Worse than expected
Capital raise
OID
Magellan Gold Corporation's 2023 annual report highlights a year of strategic asset acquisitions and exploration efforts, alongside significant impairment charges.
Worse than expected
Capital raise
Insider Trading (Form 4)
OID
Gold Express Mines, a 10% owner of Magellan Copper & Gold Corp, reported the sale of 3 million common shares.
Worse than expected