Welcome to our dedicated page for Magna Mining news (Ticker: MGMNF), a resource for investors and traders seeking the latest updates and insights on Magna Mining stock.
Magna Mining Inc. (MGMNF) is a Sudbury-based exploration and development company focused on copper, nickel, and platinum group metal projects in one of Canada's most prolific mining districts. This page serves as the definitive source for all official news and corporate announcements related to its operations across multiple assets.
Investors and industry observers will find timely updates on resource estimates, exploration progress at key properties like the McCreedy West Mine, and strategic developments in the company's growing portfolio. The curated collection includes press releases on drilling results, asset acquisitions, operational milestones, and technical reports – all essential for understanding Magna Mining's position in the base metals sector.
Content is organized to provide clear insights into the company's dual focus on near-term production and long-term resource expansion. Regular updates ensure stakeholders stay informed about developments in the Sudbury Basin's critical mineral projects, exploration partnerships, and operational efficiency initiatives.
Bookmark this page for direct access to unfiltered updates from Magna Mining's corporate communications team. Check back regularly for the latest information driving decisions in this dynamic mining operation.
Magna Mining (OTCQX: MGMNF) reported assay results on October 23, 2025 from the R2 target at the Levack Mine, Sudbury, Ontario. Surface wedge hole FNX6083-W2 intersected multiple narrow, high‑grade sulphide veins including 19.3% Cu and 26.1 g/t Pt+Pd+Au over 0.51 m, 4.9% Cu, 12.4% Ni and 24.2 g/t Pt+Pd+Au over 0.41 m, and 14.1% Cu and 10.4 g/t Pt+Pd+Au over 0.57 m. Additional silver assays include up to 127 g/t Ag over 0.51 m. Two follow-up holes (FNX6083-W3, FNX2026-W1) are complete with assays pending. Magna continues surface and underground drilling to define R2 geometry and test footwall targets.
Magna Mining (OTCQX: MGMNF) reported Q3 2025 production from McCreedy West: 75,173 short tons shipped at average grades of 1.52% Cu, 0.21% Ni, 0.42 g/t Pt, 0.53 g/t Pd, 0.22 g/t Au, and 10.78 g/t Ag. Underground development totaled 1,796 feet (≈24% increase vs Q2). Diamond drilling reached 15,361 feet and a third underground drill was mobilized in late September. The mine lost 11 shifts (≈6% available operating time) from compressed-air and power issues, delaying access to higher-grade stopes now expected in Q4.
Magna Mining (OTCQX:MGMNF) has appointed Greg Huffman as Senior Vice President, Capital Markets, effective September 17, 2025. Huffman, who previously served as Strategic Advisor to Magna, brings extensive experience from his roles as CEO of Nuclear Fuels Inc and Global Head of Mining Sales at Canaccord Genuity.
The company has also granted 800,000 stock options to officers at a strike price of $2.69. These options have specific vesting conditions tied to time and share price performance, requiring the stock to maintain $5.00 for 20 consecutive trading days and a 36-month vesting period, with a 5-year expiry term.
Magna Mining (OTCQX:MGMNF) has announced new security-based compensation grants for its non-executive directors. The company granted 44,073 deferred share units that will vest upon directors' retirement, and 278,363 options with immediate vesting at an exercise price of $2.70 per share, exercisable for five years.
These grants were made under Magna's newly approved omnibus equity incentive plan, which was authorized by shareholders on June 26, 2025. The plan operates as a "rolling" 10% plan, limiting total security-based compensation to 10% of outstanding common shares.
Magna Mining (OTCQX:MGMNF) has reported significant high-grade drilling results from its Levack Mine exploration program in Sudbury, Ontario. The company's drillhole FNX6083-W1 intersected exceptional mineralization including 29.2% copper, 0.9% nickel, and 53.0 g/t platinum + palladium + gold over 1.0 metre, located 140 metres below a previous intersection.
The drilling targeted the Rob's 2 ("R2") area in the footwall of the No. 3 Zone, showing notable similarities to the Morrison Footwall Cu-PGE Deposit. The company is currently operating two surface diamond drills at the Levack Mine, with plans to add two underground diamond drills in the coming weeks.
The mineralization pattern shows a transition from nickel-dominated veins to copper and precious metals-rich veins, consistent with patterns observed in the Morrison Deposit. This supports Magna's belief that the Levack Mine's footwall environment remains under-explored with potential for additional high-grade discoveries.
Magna Mining (OTCQX:MGMNF) reported its Q2 2025 operational and financial results, marking the first full quarter of production at the McCreedy West copper mine under its operation. The company processed 70,045 tons of ore with a combined grade of 3.26% Copper Equivalent.
Key financial metrics include an end-of-period cash balance of $27 million, net revenue of $18.47 million, and an adjusted net loss of $8.93 million. Operating costs were C$6.47 per pound with all-in sustaining costs of C$7.55 per pound. The quarter saw production of 3.05 million pounds of copper equivalent payable metal.
The company demonstrated operational improvements with development rates increasing from 6 ft/day in early 2025 to 17 ft/day in June, positioning the mine for enhanced 2026 production.
Magna Mining (OTCQX:MGMNF) has announced its upcoming Q2 2025 financial results release and conference call schedule. The company will release its second quarter financial results and MD&A after market close on Wednesday, August 27, 2025.
A conference call and webcast to discuss the results will be held on Thursday, August 28, 2025, at 8:00 am EDT. Investors can access the webcast online or join via phone using North American toll-free (1-844-763-8274) or international (1-647-484-8814) dial-in numbers.
Magna Mining (OTCQX:MGMNF) has scheduled the release of its Q2 2025 financial results after market close on Wednesday, August 27, 2025. The company will host a conference call and webcast to discuss the results on Thursday, August 28, 2025, at 8:00 am EDT.
Investors can access the webcast through the provided link or join via phone using the North American toll-free number (1-844-763-8274) or international dial-in (1-647-484-8814).
Magna Mining (OTCQX:MGMNF) has reported significant drilling results from its Levack Mine exploration program, with notable intersections of nickel-copper mineralization. The highlight includes drill hole MLV-25-21 which intersected 2.3% Ni and 0.7% Cu over 28.0 metres, including higher-grade sections of 6.6% Ni over 2.4 metres.
The company is operating two surface diamond drills at the Levack Mine, with plans to add two underground diamond drills in the coming quarters. The drilling program aims to support the Levack Mine restart study and upcoming Mineral Resource Estimate, focusing on near-surface mineralization approximately 135-155 metres from surface.
Additional significant results include hole MLV-25-22 which returned 2.4% Ni and 0.8% Cu over 15.5 metres. The company plans to expand exploration in the footwall area and test potential vertical vein systems near the Fecunis fault.
Magna Mining (OTCQX: MGMNF) has announced significant high-grade drill results from its McCreedy West mine's 700 Cu-PGE Footwall Zone. The drilling program revealed exceptional copper, nickel, and precious metal grades, including a standout intersection of 17.9% Cu, 0.6% Ni, and 28.1 g/t Pt + Pd + Au over 1.8 metres in drillhole MMW-25-119, and 10.5% Cu, 8.3% Ni, 42.6 g/t Pt + Pd + Au over 0.3 metres in drillhole MMW-25-133.
The drilling program, supported by two drills, is focused on definition and expansion drilling in the 700 Zone, with mineralization located within 150 metres of surface. The company is targeting areas where narrow vein mining methods could be applied, with high PGE grades hosted in copper and nickel rich veins potentially providing high-margin ore in 2026.
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