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

Magna Mining reported Q3 2026 revenue of C$27.4 million and a net loss of C$13.8 million. An isolated geological structure at its McCreedy West mine disrupted the mining sequence and deferred some higher-grade production to 2027. The company cut 2026 production guidance to 14.5–15.5 million payable pounds of copper equivalent from 16–18 million, and reduced McCreedy West ore sales guidance to 330,000–345,000 short tons. It raised full-year cost guidance to US$3.90–US$4.25 per CuEq pound for cash costs and US$4.80–US$5.15 for all-in sustaining costs.