Magna Mining Reports Operating and Financial Results for the Third Quarter of 2026

(TSX:NICU) (OTCQX:MGMNF) (FSE:8YD) Magna Mining Inc. reported its operating and financial results for the third quarter of 2026. In Q3 2026, Magna shipped 75,272 tons of ore from the 700 Footwall Copper Zone at the McCreedy West Mine in Sudbury, Ontario, Canada, at a grade of 3.60% copper equivalent (CuEq) for 5.4 million CuEq contained pounds based on 2026 guidance prices. At realized metal prices during the quarter, the tons shipped contained 4.9 million CuEq lbs at a grade of 3.28% CuEq. The company produced 3.7 million CuEq payable lbs in Q3 2026 and 12.3 million CuEq payable lbs in the first three quarters of 2026. Magna generated a positive cash margin of $4.9 million in Q3 2026, with cash costs of US$4.12 per CuEq lb and all-in sustaining costs (AISC) of US$4.93 per CuEq lb. Cash margin for the first nine months of 2026 was $19.7 million. Exploration and evaluation expenses in Q3 2026 totaled $5.7 million, including $5.0 million at Levack Mine, where activities focused on infrastructure readiness and establishing underground exploration platforms. The company ended Q3 2026 with cash and cash equivalents of $168.4 million and a working capital balance of $161.9 million, following a strategic investment by Alpayana S.A.C. through a non-brokered private placement of 62,356,682 common shares at $2.25 per share for gross proceeds of approximately $140.3 million. After closing, Alpayana holds 19.9% of Magna’s issued and outstanding common shares. Magna updated its operational guidance for McCreedy West and now expects to produce 14.5–15.5 million CuEq payable lbs in 2026 due to operational challenges experienced in Q3 2026. The company’s Total Recordable Injury Frequency Rate (TRIFR) was 0.43 over the first nine months of 2026, compared to 2.23 in the same period of 2025, representing an 81% reduction. Q3 2026 CuEq revenue from mining operations was $26.1 million, generated from the sale of 3.7 million CuEq payable lbs at an average realized price of $7.08 per CuEq payable lb. Production costs per ton processed in Q3 2026 were $248 per ton. Q3 2026 operating cash outflow was $0.6 million, and free cash outflow was $7.6 million, or ($0.03) per share. At Levack Mine, development of the initial 2950 Level exploration drift towards the R2 Footwall Zone was completed, and rehabilitation along the 2650 Level continued. At the Crean Hill Project, detailed engineering, procurement, site preparation, and recruitment were undertaken, and a surface exploration diamond drill rig was mobilized in early Q4 2026. Payable metal production from McCreedy West in Q3 2026 included 1.8 million lbs copper, 0.22 million lbs nickel, 1,809 ounces platinum, 1,810 ounces palladium, 709 ounces gold, and 19,943 ounces silver. The company noted that operational challenges at McCreedy West in Q3 2026, including an isolated geological structure affecting a high-grade stope, temporarily altered the mining sequence and deferred some higher-grade production into 2027. Magna expects the impact to be contained to the remainder of 2026, with a return to higher-grade ore anticipated in 2027. The company is advancing plans to bring a second and third mine into production to support growth and production flexibility.

Magna Mining Inc. (NICU) Opens the Market

(TSX: NICU) Magna Mining Inc. celebrated its graduation to TSX, as announced by Jason Jessup, Chief Executive Officer and Director. Magna Mining is a producing mining company with a strong portfolio of copper, nickel, and precious metals assets located in the world-class Sudbury mining district of Ontario, Canada. The Company's primary asset is the McCreedy West Mine, which is currently in production. Magna Mining also holds a pipeline of prospective past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare. The company is strategically positioned to unlock long-term shareholder value through continued production, exploration upside, and near-term development opportunities across its asset base.

Magna Mining Achieves Record Quarterly Tonnage at McCreedy West Mine in Sudbury and Provides Q2 Operational Update

(TSX: NICU) (OTCQX: MGMNF) Magna Mining Inc. announced that a new record for quarterly tonnage has been achieved under Magna ownership of the McCreedy West Mine, with 91,724 tons of ore shipped from the 700 Copper Zone to Vale Base Metals’ Clarabelle mill in Sudbury as at June 26, 2026, surpassing the previous record of 84,953 tons in Q4 2025. The average grade of the 66,445 tons of ore shipped during April and May is 3.55% copper equivalent, with contained grades of 1.60% copper, 0.28% nickel, 0.94 g/t platinum, 0.99 g/t palladium, 0.46 g/t gold, and 14.20 g/t silver. Underground development at McCreedy West during the quarter is anticipated to exceed 2,350 feet, with 2,340 feet achieved as at June 26, 2026, surpassing the previous record of 2,252 feet in Q1 2026. Magna acquired numerous pieces of underground equipment from a nearby Sudbury operation for approximately $1 million, with potential savings expected to be in the range of $9-12 million. The company achieved a Total Reportable Injury Frequency Rate of 0.0 and has operated over one year at McCreedy West without a reportable injury. Magna will release financial and operating results for Q2 2026 after market close on August 12, 2026, and will hold a conference call and webcast on August 13, 2026. The company anticipates average grades for Q2 to be near the upper end of the full year guidance range of 3.2-3.5% copper equivalent.

Magna Mining Intersects 29.7% Copper Equivalent over 3.4 metres, consisting of 9.4% Copper, 2.3% Nickel, 19.8 g/t Gold and 8.8 g/t Platinum + Palladium within the R2 Footwall Zone at the Levack Mine in Sudbury, Ontario

(TSXV:NICU) (OTCQX:MGMNF) Magna Mining Inc. announced results from ongoing exploration and provided an update on activities at the past-producing Levack Mine, located in the North Range of the Sudbury Basin, Ontario, Canada. Recent drilling in the R2 Footwall Zone intersected significant copper-rich massive sulphide veins, including 9.4% Cu, 2.3% Ni, 28.7 g/t Pt+Pd+Au, and 52.9 g/t Ag (29.7% CuEq) over 3.4 metres from 958.2 metres down hole in hole MLV-26-14A W2. Additional highlights include 22.5% Cu, 1.4% Ni, 49.9 g/t Pt+Pd+Au, and 135.0 g/t Ag (43.9% CuEq) over 1.1 metres in hole MLV-26-14A W3, and 26.2% Cu, 0.1% Ni, 19.8 g/t Pt+Pd+Au, and 82.0 g/t Ag (30.4% CuEq) over 0.4 metres in hole MLV-26-41. Fourteen drillholes have targeted the R2 Footwall Zone to date, all intersecting copper and precious metals-rich mineralization. The company’s common shares will begin trading on the Toronto Stock Exchange (TSX) at market open on Tuesday, June 23, 2026, and will be delisted from the TSX Venture Exchange at that time. Magna Mining projects a restart decision for Levack Mine in the second half of 2026 following completion of the Levack Preliminary Economic Assessment (PEA) in Q3.

Magna Mining Reports Operating and Financial Results for the First Quarter of 2026

Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) reported its operating and financial results for the first quarter of 2026. The company achieved a positive cash margin of $6.0 million at the McCreedy West Mine, processing 82,296 tons of ore at a grade of 3.38% copper equivalent and producing 4.1 million CuEq payable pounds. Quarterly cash costs were US$3.48 per CuEq lb and AISC was US$4.21 per CuEq lb, with production costs per ton processed declining by 5.3% quarter over quarter to $214 per ton. Magna ended Q1 2026 with cash and cash equivalents of $35.8 million and a working capital balance of $53.7 million. Exploration and evaluation expenses were $2.8 million, including $2.3 million at Levack Mine. The company announced initial Mining Reserves for the 700/PM Zones at McCreedy West and received conditional approval to list its shares on the Toronto Stock Exchange, with final approval pending fulfillment of TSX requirements by July 29, 2026. A Preliminary Economic Assessment for Levack Mine and a Pre-Feasibility Study for Crean Hill are anticipated to be completed in Q3 2026.

Magna Mining Announces Details of First Quarter 2026 Results Conference Call and Webcast

Magna Mining Inc. (TSXV: NICU, OTCQX: MGMNF) announced it will release its financial and operating results for the first quarter of 2026 after market close on May 27, 2026. The company will hold a conference call and webcast to discuss these results on May 28, 2026 at 8:00am EDT. Magna Mining also reminded investors of its Annual and Special Meeting of Shareholders scheduled for June 18, 2026 at 10:00am EDT. Magna Mining Inc. is a producing mining company with copper, nickel, and precious metals assets in Ontario, Canada, with its primary asset being the McCreedy West Mine, currently in production.

Magna Mining Announces Conditional Approval to Graduate to the Toronto Stock Exchange

Magna Mining Inc. (TSXV: NICU, OTCQX: MGMNF) announced it has received conditional approval to list its common shares on the Toronto Stock Exchange (TSX) and graduate from the TSX Venture Exchange (TSXV). Final approval is subject to fulfilling all TSX requirements, including submitting all required documentation by July 29, 2026. The company will issue a news release once the TSX confirms the trading commencement date. Magna Mining's primary asset is the producing McCreedy West Mine in Sudbury, Ontario, and it is advancing projects at Levack Mine and Crean Hill. Shareholders are not required to take any action regarding the TSX listing, as there will be no change in trading symbol or CUSIP.

Magna Mining Reports Fourth Quarter and Full Year 2025 Financial Results

Magna Mining Inc. has released its operating and financial results for the fourth quarter and full year of 2025. The company will hold a conference call on April 21, 2026, at 8:00am EDT to discuss these results. All financial figures are reported in Canadian dollars. This announcement provides investors with an opportunity to review Magna's recent performance and gain insights directly from management.