Magna Mining Announces Q3 Production Results

Core Insights - Magna Mining Inc. reported Q3 2025 production results from the McCreedy West Mine, indicating a transition to a sustainable mining operator with a focus on efficiency and profitability [1][3]. Production Results - The company mined and shipped 75,173 tons of ore at an average grade of 1.52% copper, 0.21% nickel, 0.42 g/t platinum, 0.53 g/t palladium, 0.22 g/t gold, and 10.78 g/t silver during Q3 2025 [2][5]. - This production represents a 7.3% increase over Q2 2025, despite facing operational challenges that resulted in a loss of 11 shifts [2][5]. - Underground development totaled 1,796 feet, marking a 24% increase over Q2 2025 and nearly three times the development completed in Q1 2025 [2][5]. Operational Challenges - The mine experienced unexpected events, including a failure in the underground compressed air system and power-related delays, which impacted production and development [2][5]. - These challenges delayed access to higher-grade stopes, which are now expected to be mined in Q4 2025 [2]. Future Outlook - The company aims to continue prioritizing underground development to enhance production flexibility and support a robust operating plan for 2026 [2][3]. - With the mobilization of a third diamond drill, diamond drilling footage is expected to increase significantly in Q4 2025 to support both short-term and long-term planning [2][5]. Company Profile - Magna Mining Inc. operates in the Sudbury mining district of Ontario, Canada, focusing on copper, nickel, and platinum group metals [8]. - The McCreedy West Mine is the company's primary asset, with additional properties including Levack, Crean Hill, Podolsky, and Shakespeare [8][9].