Magna Mining produces 84,953 tons ore in Q4 2025

Executive Summary

• Magna Mining Inc. reported strong Q4 2025 production results from its McCreedy West mine, producing 84,953 tons of ore, representing a 13% increase over Q3 2025.
• The company achieved higher grades for precious metals (platinum, palladium, gold, and silver) compared to the previous quarter, driven by access to high-grade stopes and improved operational flexibility following the resolution of Q3 power-related delays.
• Underground development totaled 1,688 feet (in line with forecasts), while diamond drilling footage surged 91% to 29,334 feet, supporting future mine planning and reserve estimation.

Key Details

• Ore Production: 84,953 tons of ore produced from the 700 copper zone.
• Ore Grade:
  • Copper: 1.31%
  • Nickel: 0.23%
  • Platinum: 1.05 g/t
  • Palladium: 1.10 g/t
  • Gold: 0.45 g/t
  • Silver: 15.51 g/t
• Underground Development: 1,688 feet total, consistent with company forecasts.
• Diamond Drilling: 29,334 feet total, an increase of 91% over Q3 2025.
• Operational Changes:
  • Mining rates increased in November and December following a compressed air system failure and power-related delays in Q3 and early Q4.
  • The company has transitioned from using mining contractors to fully staffed internal development crews for underground development.
  • Three underground drill rigs were active for the entire quarter.
• Future Outlook:
  • A Life-of-Mine (LOM) plan, including the maiden reserve estimate, is expected to be released in the coming weeks alongside 2026 guidance.
  • CEO Jason Jessup highlighted strong economic momentum entering 2026 due to high copper prices and a rebound in nickel prices.

Notable Quotes

• Jeff Huffman, Chief Operating Officer: "Our team at McCreedy West excelled during the fourth quarter, safely mining and shipping 84,953 tons of ore to Vale's Clarabelle mill in Sudbury. Underground mine development continued to be a focus and is now providing the increased operational flexibility we have been targeting. Magna's development crews are now fully staffed and we no longer are using mining contractors for our underground development."
• Jason Jessup, Chief Executive Officer: "We ended 2025 on a high note, with very strong fourth quarter production, combined with excellent development and diamond drilling footage. This has allowed us to remove low-grade stopes from our mining plans and focus on quality production... Although copper is our most important metal at McCreedy West, our grades for gold, platinum and palladium during Q4 were more than double what we mined in Q3, and silver grades were up more than 40 per cent during a period of strong precious metals prices."