Magna Mining Announces Q3 Production Results
Magna Mining Announces Q3 Production
Results
Sudbury, Ontario--(Newsfile Corp. - October 22, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX:
MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce Q3 2025 production results
from the McCreedy West Mine, located in the North Range of the Sudbury Basin, northeastern Ontario,
Canada.
Highlights
During the quarter, McCreedy West produced 75,173 tons of ore at an average grade of 1.52%
copper, 0.21% nickel, 0.42 g/t platinum, 0.53 g/t palladium, 0.22 g/t gold and 10.78 g/t silver.
Underground development during the quarter totaled 1,796 feet, an increase of approximately 24%
over Q2 of 2025.
Diamond drilling at McCreedy West during the quarter totaled 15,361 feet.
Jeff Huffman, COO of Magna, stated, "The third quarter of 2025 was the second full quarter of production
for the Company at the McCreedy West Mine. The team at McCreedy West worked safely to mine and
ship 75,173 tons of ore to Vale's Clarabelle mill in Sudbury at an average grade of 1.52% copper,
0.21% nickel, 0.42 g/t platinum, 0.53 g/t palladium, 0.22 g/t gold and 10.78 g/t silver. Development
remained a focus for the quarter, with 1,796 feet of capital and operating development accomplished by
Magna development crews, bolstered with mining contractor development and rehabilitation services.
The mine did encounter certain unexpected events during Q3 which impacted both production and
development, including a failure in the underground compressed air system and several power related
delays.
These events resulted in a loss of 11 shifts of mine operations during the quarter. Our seven
operating months at McCreedy West thus far have provided us with valuable knowledge for the
prioritization of risk mitigation measures that will improve asset reliability moving forward. Overall, the
progress made at McCreedy West was in line with our goal of setting up the mine for a strong 2026."
Quarterly production of 75,173 tons of ore represents an increase of 7.3% over Q2, despite the
compressed air system failure and the power related delays which resulted in the loss of 6% of available
operating time during the quarter.
These events delayed access to higher grade stopes which are now
expected to be mined in Q4.
While underground development was also impacted by these events,
development during the quarter of 1,796 feet represents an increase of approximately 24% over Q2, and
is nearly three times the development completed during the first quarter of 2025.
Since the Company,
closed the acquisition of McCreedy West on March 1, 2025, catching up on underground development
has been a priority and this initiative will continue for the balance of 2025 in order to provide increased
production optionality and flexibility to support a more robust operating plan moving forward into 2026.
Diamond drilling at McCreedy West during the quarter totaled 15,361 feet and in late September a third
diamond drill was mobilized underground.
With three rigs now operating at McCreedy West, diamond
drill footage is expected to increase significantly during Q4 to support both our 12-month mine plan and
longer-term planning.
Jason Jessup, CEO of Magna, stated, "This year marks Magna's transition from an exploration and
development company to a highly efficient, sustainable mining operator. McCreedy West mine is already
benefiting from the investment and focus we are providing, but the culture and process building will also
be of benefit at our Levack and Crean Hill mines as they are advanced towards production. I am pleased
with the progress that we are making in transitioning the McCreedy West Mine from an under-
capitalized, non-core operation to a profitable and sustainable Canadian-owned mine."
Table 1: McCreedy West Mine Q3 2025 Tons Shipped and Grades
1
Q3 2025
Short Tons Shipped
75,173
Copper Grade (%)
(contained)
1.52%
Nickel Grade (%)
(contained)
0.21%
Platinum
(grams per tonne, g/t)
(contained)
0.42
Palladium (g/t)
(contained)
0.53
Gold (g/t)
(contained)
0.22
Silver (g/t)
(contained)
10.78
1
Grades for ore shipped during Q3 are preliminary in nature and subject to change upon final settlement with Vale's Clarabelle mill.
Qualified Person
The scientific or technical information in this press release has been reviewed and approved by David
King, M.Sc., P.Geo. Mr. King is the Senior Vice President, Exploration and Geoscience for Magna
Mining Inc. and is a qualified person under Canadian National Instrument 43-101.
About Magna Mining Inc.
Magna Mining Inc.
is a producing mining company with a strong portfolio of copper, nickel, and
platinum group metals (PGM) assets located in the world-class Sudbury mining district of Ontario,
Canada. The Company's primary asset is the
McCreedy West Mine
, currently in production, supported
by a pipeline of highly prospective past-producing properties including
Levack
,
Crean Hill
,
Podolsky
,
and
Shakespeare
.
Magna Mining is strategically positioned to unlock long-term shareholder value through continued
production, exploration upside, and near-term development opportunities across its asset base.
Additional corporate and project information is available at
www.magnamining.com
and through the
Company's public filings on the SEDAR+ website at
www.sedarplus.ca
.
For further information, please contact:
Jason Jessup - Chief Executive Officer
or
Paul Fowler, CFA - Executive Vice President
705-482-9667
Email:
Cautionary Statement on Forward-Looking Statements
All statements, other than statements of historical fact, contained or incorporated by reference in this
press release constitute "forward-looking statements" and "forward-looking information" (collectively,
"forward-looking statements") within the meaning of applicable securities laws. Generally, these forward-
looking statements can be identified by the use of forward-looking terminology, such as "may", "might",
"potential", "expect", "anticipate", "estimate", "believe", "could", "should", "would", "will", "continue",
"intend", "plan", "forecast", "prospective", "significant" or other similar words or phrases or variations
thereof. Forward-looking statements are necessarily based upon a number of assumptions that, while
considered reasonable by management, are inherently subject to business, market, economic, technical
and other risks, uncertainties and contingencies that may cause actual results, performance or
achievements to be materially different from those expressed or implied by forward-looking statements,
including risks and uncertainties relating to the failure of additional drilling to support assumptions,
expectations or estimates of potential mineralization, metal tonnes or grade, the failure of additional
drilling to support additional expansion or delineation of estimated resources, the failure of additional
drilling to support production planning, the failure to meet production, cost or development expectations,
forecasts or guidance, the lack of availability of drill rigs to implement exploration or other programs or
the failure to proceed as quickly as planned with additional exploration or other drilling, continued delays
for assay results, the failure to bring the Levack and Crean Hill
mines back into production, and other
risks disclosed in the Company's annual management discussion and analysis, available on the
SEDAR+ website (at:
www.sedarplus.ca
). Although the Company has attempted to identify important
risks, uncertainties, contingencies and factors that could cause actual results to differ materially from
those expressed or implied in forward-looking statements, there can be no certainty or assurance that
the Company has accurately or adequately captured, accounted for or disclosed all such risks,
uncertainties, contingencies or factors. Readers should place no reliance on forward-looking statements
as actual results, performance or achievements may be materially different from those expressed or
implied by such statements. Resource exploration and development, and mining operations, are highly
speculative, characterized by several significant risks, which even a combination of careful evaluation,
experience and knowledge will not eliminate. Forward-looking statements speak only as of the date they
are made. The Company does not undertake to update any forward-looking statements, whether as a
result of new information or future events or otherwise, except in accordance with applicable securities
laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press
release.
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