GlobeNewsWire
08 Oct 2026, 10:45 UTC · 1h ago
Magna Mining Reports Results of Levack Mine Preliminary Economic Assessment and Approves Restart of Production
Impact · against what's priced in
Magna Mining transitions from an explorer to a developer with the formal board approval to restart the Levack Mine. The project's strong economic profile, highlighted by a 46.4% after-tax IRR and a short 1.3-year payback, provides a clear path to production by mid-2028, though the $167.3 million CAPEX remains the primary upcoming milestone.
- NICU+0.70
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