Magna Mining Inc
Company Overview
Magna Mining Inc. is focused on copper, nickel, and precious metal production growth within North America's premier mining district, the Sudbury Basin. The company possesses a portfolio of low-capex, brownfield, or past-producing assets designed to provide a platform for significant production growth over the next five years. Magna Mining employs a bootstrapped production plan with staggered start-ups and projected low capital costs, allowing cash flow to fund substantial portions of production growth in a highly capital-efficient manner. The production growth profile is based on current known resources and is expected to be further augmented by new discoveries. All projects also hold potential for new discoveries or extensions of existing resources.
Latest News
Magna Mining Reports Multiple Copper, Nickel and Precious Metal Rich Intersections from the R2 Target at the Levack Mine in Sudbury, Ontario
Magna Mining reports high-grade copper, nickel, and precious metal assays from exploration at the Levack Mine, indicating promising mineralization in Sudbury Basin.
Magna Mining Reports Multiple Copper, Nickel and Precious Metal Rich Intersections from the R2 Target at the Levack Mine in Sudbury, Ontario
Magna Mining reports high-grade copper, nickel, and precious metal mineralization from exploration at the Levack Mine, indicating promising potential for copper-rich veins.
Magna Mining Reports Multiple Copper, Nickel and Precious Metal Rich Intersections from the R2 Target at the Levack Mine in Sudbury, Ontario
Magna Mining reports high-grade copper and platinum-palladium assay results from exploration at the Levack Mine in Sudbury, indicating promising mineralization in the transition zone.
Magna Mining Announces Q3 Production Results
Magna's McCreedy West Mine produced 75,173 tons of ore in Q3 2025, focusing on development and drilling, despite some operational setbacks, aiming for a strong 2026.
Magna Mining Announces Appointment of Greg Huffman to Senior Vice President, Capital Markets
Magna Mining appoints Greg Huffman as SVP of Capital Markets; grants 800,000 options; Huffman brings extensive mining and capital markets experience.
Magna Mining Announces Grants of Security-Based Compensation
Magna Mining grants share units and options to non-executive directors under its equity plan, with vesting and exercise terms, approved by shareholders and conditionally accepted by TSX-V.
Magna Mining Intersects 29.2% Cu, 0.9% Ni, 53.0 g/t Pt + Pd + Au Over 1.0 Metre, 140 Metres Downdip of Previous Intersection Below the No. 3 Zone at the Levack Mine in Sudbury, Ontario
Magna Mining reports promising high-grade copper, nickel, and precious metal assay results from exploration at the Levack Mine in Sudbury, confirming potential for significant deposits.
Magna Mining Reports Second Quarter 2025 Operating and Financial Results
Magna Mining's Q2 2025 marks first full operation from McCreedy West, showing improved productivity, investments, and a cash balance of $27M, aiming for sustainable long-term production.
CORRECTION: Magna Mining Inc. Second Quarter Financial Results - Conference Call & Webcast
Magna Mining updates on Q2 2025 results, scheduled for August 27, 2025, with a conference call on August 28; focuses on copper, nickel, and PGM assets in Ontario.
Magma Mining Inc. Second Quarter Financial Results - Conference Call & Webcast
Magna Mining to release Q2 2025 results on August 27, 2025, with a conference call on August 28. The company operates in Ontario's Sudbury district with copper, nickel, and PGM …
Magna Mining Intersects Near Surface Contact Nickel Mineralization Grading 2.3% Ni, 0.7% Cu Over 28.0 metres at the Levack Mine
Magna Mining reports positive assay results from near-surface drilling at Levack Mine, indicating significant high-grade nickel-copper mineralization supporting the mine restart plan.
Magna Mining Reports 17.9% Cu, 0.6% Ni and 28.1 g/t Pt + Pd + Au over 1.8 Metres in the 700 Footwall Copper Zone at McCreedy West Mine
Magna Mining reports high-grade copper, nickel, and precious metal drill results at McCreedy West, supporting production plans and potential expansion in the Footwall Zone.
Magna Mining Announces New Drill Results from McCreedy West and Recognition from the Government of Ontario
Magna Mining reports strong drill results at McCreedy West, Ontario, and highlights the project's strategic importance, with government support for critical mineral development.
Magna Mining Reports First Quarter 2025 Operating and Financial Results
Magna Mining's Q1 2025 results include asset acquisition, initial mine production, strong cash balance, and focus on optimizing operations and growth in Sudbury.
Magna Mining Announces Corporate Updates and Grant of Stock Options and RSUs
<img height="2" id="306" src="https://api.newsfilecorp.com/newsinfo/248358/306" style="width: 1px; height: 1px; border: 0px solid;" width="2" /><p>Sudbury, Ontario--(Newsfile Corp. - April 14, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) (the …
Magna Mining Announces Assay Results and Provides an Update on the McCreedy West Mine
Magna Mining Inc. reports promising assay results from McCreedy West and Levack Mines, highlighting high-grade copper and PGE values, including 24.9% Cu at Levack. The results support ongoing resource expansion …
Magna Mining Announces Closing of $33.5 Million Private Placement
Magna Mining Inc. announced the closure of a private placement, raising approximately $23.5 million from unsecured convertible debentures and $10 million from common shares. The funds will support Sudbury projects …
Magna Mining Initiates Diamond Drilling at the Levack Mine and Reports 2024 Drilling Results at the McCreedy West Mine
Magna Mining Inc. has completed the acquisition of Sudbury Basin assets and initiated diamond drilling at the Levack Mine. Recent drilling at the McCreedy West Mine revealed high-grade copper, nickel, …
Magna Mining Completes Acquisition of Producing Copper Mine in Sudbury from KGHM International Ltd.
Magna Mining Inc. has completed the acquisition of base metals assets in the Sudbury Basin from KGHM International Ltd. The deal includes several mines and exploration assets, with a total …
Magna Mining Announces Upsize to Previously Announced Private Placement
Magna Mining Inc. is increasing its private placement of unsecured convertible debentures from C$15 million to C$22 million, alongside a common share offering. The funds will support Sudbury projects and …
Magna Mining Announces up to $25 Million Private Placement
Magna Mining Inc. has announced a private placement offering of up to C$15 million in unsecured convertible debentures and C$10 million in common shares, aiming to fund its Sudbury projects …
Magna Mining Provides Update on Acquisition of Properties from KGHM International Ltd.
Magna Mining Inc. is progressing towards finalizing its acquisition of base metals assets in the Sudbury Basin from KGHM, aiming to close the deal by February 2025. The company focuses …
Magna Mining Provides Update on Acquisition of Producing Copper Mine in Sudbury from KGHM International Ltd.
Magna Mining Inc. updates on its acquisition of base metals assets in Sudbury from KGHM, targeting closure around January 31, 2025. The company has made progress on regulatory approvals since …
Magna Mining Acquires Additional Critical Mineral Exploration Assets in the Sudbury Basin Mining District
Magna Mining Inc. has announced an agreement to acquire base metals assets from NorthX Nickel Corp. in the Sudbury Basin, enhancing its exploration portfolio. The properties, believed to have high …
Magna Mining Closes $21.85 Million Private Placement of Common Shares
Magna Mining Inc. has successfully closed its private placement of over 20 million common shares at $1.05 per share, generating around $21.85 million in gross proceeds. The offering was led …
Magna Mining Discovers New Copper Zone at the Shakespeare Project
Magna Mining Inc. has reported the successful completion of the first drilling at its Southwest (SW) Copper zone in Sudbury, Ontario, which has intersected 1.4% Cu over 32.4 metres, including …
Magna Mining Files Updated Preliminary Economic Assessment for the Crean Hill Project
Magna Mining Inc. has filed an independent technical report titled "Preliminary Economic Assessment Update for the Crean Hill Project, Sudbury, Ontario, Canada" with SEDAR. The report, prepared by SGS Geological …
Magna Mining Files Technical Report for the McCreedy West Copper-Nickel Mine
Magna Mining Inc. has filed an independent technical report in connection with its acquisition of a portfolio of base metals assets in the Sudbury Basin, including the McCreedy West copper …
Analysis
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Blezard
An exploration property in the Sudbury Basin.
Crean Hill
A permitted, past-producing mine. The project involves engineering, dewatering, and progression of grid power connection. It is part of the evaluation of Sudbury Exploration & Development Properties.
Creighton South
An exploration property in the Sudbury Basin.
Falconbridge Footwall
An exploration property in the Sudbury Basin.
Frost Lake
An exploration property in the Sudbury Basin.
Kirkwood
A permitted, past-producing mine.
Levack
A permitted, past-producing mine. The plan includes exploration and restart, with drilling from surface, testing copper footwall targets, expanding near-surface copper resources, transitioning to underground drilling, and publishing a NI …
McCreedy West
Currently a producing copper mine, focused on copper and precious metals (PGE-gold-silver), with optionality for rapid nickel production re-start. Current production from the 700 FW Cu Zone. Optionality to restart …
North Range
An exploration property in the Sudbury Basin.
Northwest Foy
An exploration property in the Sudbury Basin.
Podolsky
A permitted, past-producing mine.
Rand
An exploration property in the Sudbury Basin.
Shakespeare
A permitted, past-producing mine, with resources categorised for both open pit and underground mining.
Trill
An exploration property in the Sudbury Basin.
Executive Team
Board of Directors
Filings data not yet available.