Mining Stock Daily

← Mining Stock Daily8 oct · 20 min

Magna Mining Moves Forward With Levack Mine Restart

Magna Mining Moves Forward With Levack Mine Restart8 oct20 min

<p>Magna Mining CEO Jason Jessup joins Mining Stock Daily to discuss the company&#39;s decision to restart the Levack Mine in Sudbury, following the release of a preliminary economic assessment outlining approximately $70 million in initial capital, a 0.6-year payback and commercial production targeted for mid-2028. Jessup explains how existing third-party processing infrastructure and pre-production revenues help keep funding requirements low, while the high-grade R2 zone offers potential upside beyond the current mine plan. The conversation also covers the upcoming Crean Hill prefeasibility study, hiring and construction plans, and Magna&#39;s strategy to generate cash flow from copper, nickel and precious metals operations.</p>