Mystery solved. The browning gold has a defective design. The so called "speed load" feature that allows the first shell loaded into the magazine to go directly into the chamber is the root cause. When the gun is loaded (one in the chamber and two in the magazine) operating the bolt handle will cause the first round in the chamber to be released onto the carrier. There is a small lever that is activated by the first shell coming out of the magazine that is "supposed" to prevent the second shell in the magazine from also being released. If this catch doesn't get properly activated, the second shell in the magazine also gets released, slamming into the the first shell in the magazine that is already on the carrier. The design of the browning gold, unlike say a Remington 1100, releases the first shell out of the magazine when the bolt is 1/3 to half way open. So in my case, when I went to unload the gun (which was on safe btw), I got the bolt part of the way open, which released both shells in the magazine simultaneously, detonating both the shell on the carrier and the shell being extracted from the chamber. This was an as new shotgun that was well maintained and in good shape. After disassembling, inspecting and cleaning, I ran the process with snap caps and the problem was clear. If there is any variance in your ammo (particularly if it is slightly under size, the shell coming out of the magazine will not properly activate the catch that prevents the second shell from coming out. This phenomenon was repeated during subsequent firing of the gun with different ammo. Was the biggest problem with 2 3/4" shells, and lessened with 3 and 3 1/2" shells.
My conclusion is that it's a bad (or at best weak design) that is compounded by trying to design a gun the will shoot three different shell sizes. The speed load "feature" is poorly designed and can lead to a catastrophic event as a result of the unloading of the gun.