MAGE — what changed in the latest 10-Q
A section-by-section comparison of MAGE's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-15 vs the prior 10-Q · 2025-11-14
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +7 | −15 | ~3 | 10 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 4 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Market risk (Item 3), Legal proceedings
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-15
Our current focus is to advance the Ophir Creek Placer Gold Mine towards resource definition and eventual development. Secondarily, we may acquire additional mineral projects which could add earlier revenue to the Company. The Company is currently severely restrained by access to capital and any pla…
Results of Operations for the three months ended March 31, 2026 and 2025
During the three months ended March 31, 2026, our total operating expenses included general and administrative expenses of $113,041 as compared to $53,036 during the three months ended March 31, 2025. The $55,005 change was mainly related to an increase in professional fees.
During the three months ended March 31, 2026, total other expense was $55,912 as compared to $126,104 during the three months ended March 31, 2025. The $70,192 change was mainly related to change in derivative liability.
Our unaudited consolidated financial statements have been prepared on a going concern basis, which assumes that we will be able to meet our obligations and continue our operations during the next fiscal year. Asset realization values may be significantly different from carrying values as shown in ou…
Text removed vs the prior filing · source: 10-Q · 2025-11-14
On January 3, 2023, the Company entered into an asset purchase agreement with Gold Express Mines, Inc (“Gold Express”). Pursuant to the agreement, the Seller sold the following properties which the Company acquired: 1) the Golden, Idaho Project located in Idaho County, Idaho and consisting of sevent…
On June 6, 2023, the Company entered a memorandum of understanding for an earn-in agreement(“MOU”) with Gold Express Mines, Inc. Per the MOU, the Company agreed to earn-in for up to a 50% working interest in the Kris Project, which consists of 74 unpatented mining claims located in Plumas County, CA…
If permitting delayed the exploration and other work programs, the earn-in period would be extended accordingly. Allowable expenditures included sampling, drilling, assaying, geologic mapping, and mine site improvements made or performed directly on the existing mine site or expanded mine site. Cons…
On January 4, 2024 the Company entered into a second asset purchase agreement with Gold Express. Pursuant to this agreement, the Seller sold the following to the Company: 1) the Copper Butte Project located in Pinal County, Arizona and consisting of 66 unpatented mining claims 2) the Blue Jacket Pro…
On February 2, 2025, the Company canceled the Kris Project Earn-In and entered into a new memorandum of understanding (“MOU”) for an earn-in agreement with Gold Express Mines, Inc. In accordance with this second MOU, the Company agreed to earn-in for up to 45% of the working interest in the Cable Mi…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice