Magna Mining Announces Positive Levack Mine PEA and Production Restart Approval

Key Facts

1Magna Mining announced positive Preliminary Economic Assessment (PEA) results for the Levack Mine in Ontario, Canada.

2The company's board has officially approved the restart of production at the fully-permitted Levack Mine.

Magna Mining announced positive Preliminary Economic Assessment (PEA) results for the Levack Mine located in Ontario, Canada. GlobeNewswire reported that the company's board has officially approved the restart of production at the fully-permitted site in the Sudbury Basin.

MGMNF closed at $1.69 on October 7, 2026, trading between a day low of $1.67 and a high of $1.71 during that session. The operational decision follows the completion of a technical and economic study confirming the viability of the restart, supported by previous drilling results from the R2 Footwall Zone released in September 2026.