Magna Mining approves restart after Levack mine PEA results
Magna Mining said its Preliminary Economic Assessment for the Levack mine and approval to restart production.
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10:51:44 AM UTC
SquawkNews
Magna Mining approved restarting the fully permitted Levack Mine after a PEA showing after-tax NPV7% of C$227.0M, IRR of 92.4% and 0.6-yr payback at base-case prices. Initial capex is estimated at C$70.1M, with commercial production targeted for mid-2028.Material DetailsContext by AI AnalystThis is…