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Magna Gold Reports Fatal Accident at San Francisco Mine

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Magna Gold Corp. (OTCQB: MGLQF) reported a tragic incident at its San Francisco Mine on February 15, 2022, resulting in the death of three employees due to a cave-in. The accident occurred at around 11:30 a.m. local time while the workers were in the fine ore storage area. The Company has activated safety protocols and is cooperating with local authorities for an investigation into the incident. Support and counseling services are being provided to the families and employees affected by this tragedy. CEO Arturo Bonillas expressed condolences to the families involved.

Positive
  • Immediate activation of safety protocols following the accident.
  • Provision of support and counseling to affected families and employees.
Negative
  • Fatal accident leading to the loss of three employees.
  • Investigation needed to determine the cause of the cave-in.

TORONTO, Feb. 16, 2022 /PRNewswire/ - Magna Gold Corp. (TSXV: MGR) (OTCQB: MGLQF) ("Magna" or the "Company"), deeply regrets to report a fatal accident involving three employees at its San Francisco Mine on February 15, 2022.

The accident occurred at approximately 11:30 a.m. local time on February 15, 2022.  Three mine employees were in the fine ore storage area when a cave-in occurred. The Company activated its safety protocols with the support of specialized rescue teams and local authorities. The cause of the cave-in is unclear at this time and an investigation will be conducted to determine the cause of the accident.

The Company is providing all necessary support and assistance to the families of the men who lost their lives in the tragedy. The Company will also provide support and counseling to assist employees and contractors at the site.

President and Chief Executive officer Arturo Bonillas stated: "Our thoughts and prayers are with families, friends and colleagues during this tragic event".

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.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/magna-gold-reports-fatal-accident-at-san-francisco-mine-301483899.html

SOURCE Magna Gold Corp.

FAQ

What happened at Magna Gold's San Francisco Mine on February 15, 2022?

A cave-in occurred at the mine, resulting in the tragic deaths of three employees.

How did Magna Gold Corp respond to the fatal accident?

The company activated safety protocols and is providing support to affected families and employees.

What is the stock symbol for Magna Gold Corp?

The stock symbol for Magna Gold Corp is MGLQF.

When did the cave-in incident at Magna Gold's mine occur?

The incident occurred at approximately 11:30 a.m. local time on February 15, 2022.

Magna Gold Corp.

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