Magna Mining Reports Q3 2026 Financial and Operating Results and Updates Guidance

Magna Mining Inc. reported Q3 2026 revenue of C$27.4 million and a net loss of C$13.8 million. During the quarter, the company encountered an isolated geological structure at its McCreedy West mine, which temporarily altered the mining sequence and deferred some higher-grade production into 2027. Consequently, the company lowered its 2026 production guidance to 14.5—15.5 million payable pounds of copper equivalent (CuEq) from a previous forecast of 16—18 million pounds. Ore sales guidance for McCreedy West was also reduced to 330,000—345,000 short tons. Additionally, the company increased its full-year cost expectations, with total cash costs now projected between US$3.90 and US$4.25 per CuEq lb and all-in sustaining costs between US$4.80 and US$5.15 per CuEq lb.