Magna Mining Reports Fourth Quarter and Full Year 2025 Financial Results

Magna Mining delivered its strongest quarterly performance since acquiring its Sudbury asset portfolio, demonstrating significant operational improvements at the McCreedy West mine. The company achieved a positive cash margin of $3.3 million in Q4 2025, processing 84,954 tons of ore at a robust 3.41% copper equivalent grade from the 700 Footwall Copper Zone. This represents the highest quarterly production since completing the Sudbury acquisition in February 2025, with 5.0 million CuEq payable pounds produced.

The financial metrics showed marked improvement with quarterly cash costs of US$3.08 per CuEq pound and all-in sustaining costs of US$3.49 per CuEq pound. For the full year 2025, covering ten months of company ownership, McCreedy West produced 11.5 million CuEq payable pounds at 3.10% CuEq grade, generating total cash margin of $0.4 million and revenue of $60.0 million. The operation produced a diversified metal portfolio including 6.1 million pounds of copper, 0.90 million pounds of nickel, and significant precious metals production.

Magna's strong balance sheet positions the company well for growth initiatives, ending Q4 with $55.9 million in cash and cash equivalents. The company invested $8.2 million in exploration and evaluation during 2025, including $4.6 million at Levack for restart studies and footwall exploration, and $1.6 million at Crean Hill for project advancement. Management expects these investments to yield restart and construction decisions by Q3 2026.

The operational turnaround at McCreedy West validates management's underground development strategy focused on accessing higher-grade stopes and building operational flexibility. With production guidance reiterated for 2026 and ongoing exploration at the R2 Footwall Zone discovery at Levack, Magna appears well-positioned to capitalize on strong copper and precious metals markets while advancing its pipeline of Sudbury assets toward production.