Magna Mining Announces Q4 Production Results
Magna Mining Hits Operational Stride at McCreedy West as Precious Metal Grades Double in Q4
The news release dated January 20, 2026, reports Q4 2025 production results from the McCreedy West Mine. Key highlights include: - Total ore produced was 84,953 short tons, a 13% increase over Q3 2025. - Significant grade improvements in precious metals: Platinum (1.05 g/t), Palladium (1.10 g/t), and Gold (0.45 g/t) were more than double the grades mined in Q3. - Silver grades increased by over 40% to 15.51 g/t. - Operational transition: The company is now fully staffed with internal development crews and has terminated the use of mining contractors for underground development. - Diamond drilling remained aggressive with 29,334 feet completed in the quarter. - Management anticipates releasing a Life of Mine (LOM) plan and a maiden reserve estimate for McCreedy West in the coming weeks.
This update is Material - Positive because it demonstrates the successful execution of the "optimization phase" management messaged throughout 2025. - Higher Grades: The doubling of PGM and Gold grades during a period of strong precious metal prices significantly enhances the NSR (Net Smelter Return) per ton, which should help offset the high All-In Sustaining Costs (AISC) reported in previous quarters ($9.01/lb CuEq in Q3 2025). - Cost Control: Eliminating mining contractors is a critical step for a junior producer to improve margins. Contractors are typically significantly more expensive than internal staff. - Operational Momentum: The 13% increase in tonnage suggests the "operational flexibility" targeted through 2025 development work is materializing. - De-risking: The upcoming LOM plan and maiden reserve will provide the first formal economic baseline for the asset under Magna’s ownership, moving it beyond the "uncertainty" of production not based on a feasibility study.
Magna Mining is a Sudbury-focused producer and explorer. - Flagship Project: McCreedy West Mine (Producing). Acquired from KGHM in early 2025, it is a polymetallic (Cu-Ni-PGM) mine. - Secondary Assets: Levack Mine (Past producing, currently in restart study), Crean Hill (Advanced exploration/PFS stage), and Shakespeare (Past producing). - Strategy: Restarting "non-core" assets previously owned by majors (KGHM, Vale, Glencore) using a smaller, more efficient junior-mining overhead structure.