Magna Mining Shares Fall 11% on Lower 2026 Output Guidance
Magna Mining lowered its 2026 output outlook and raised cost expectations after a geological issue at its flagship Ontario mine. Shares fell 11%.
By Adriano MarcheseMagna Mining shares fell after the company downgraded its outlook and raised its cost expectations for 2026 following a geological issue at its flagship mine in Ontario.Shares traded 11% lower at 1.73 Canadian dollars.Magna noted that while the issue was resolved at the McCreedy…