MAGELLAN COPPER & GOLD Corp (MAGE) Form 10-Q — May 15, 2026
Magellan Copper & Gold Corp. reported a net loss of $168,953 for the quarter ended March 31, 2026, driven by $113,041 in general and administrative expenses and $33,479 in losses from changes in derivative liabilities. The company has no revenue and relies entirely on external financing to sustain operations. The company entered into an agreement to acquire the Ophir Creek Placer Gold Mine from Village Gold, Inc.
Key figures
- Revenue
- 0
- Total Debt
- 2292276
- Cash Position
- 504
- Shares Outstanding
- 25964295
- Derivative liability
- 133230
- Stock repurchase cost
- 14150
- Ophir creek option price
- 25000
- Ophir creek total purchase price
- 2500000
Price after filing
1 day: 0.0%7 days: -6.6%30 days: -14.5%
Close on the filing date to close N calendar days later (from $0.14). Historical, not a forecast.
AI analysis
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