Q3 2025 Magna Mining Inc Earnings Call Transcript

Nov 26, 2025 / 01:00 PM GMT

Release Date Price: $1.94 (+1.87%)

Transcript

Key Points

Positve

Magna Mining Inc (MGMNF) achieved a 7.3% increase in mined and shipped tons from the 700 ft wall copper zone compared to Q2.
Underground development increased by approximately 24% over Q2, nearly tripling the development completed in Q1 2025.
The company successfully raised funds through a brokered equity offering and warrant exercises, resulting in zero warrants in their capital structure.
Magna Mining Inc (MGMNF) announced its first NI-43101 mineral resource estimate for the Lavac mine, exceeding expectations in terms of grade.
The company is well-funded with a cash balance of $63.1 million as of September 30, 2025, supporting ongoing operations and exploration.

Negative

Unexpected issues, including a failure in the underground compressed air system and power-related delays, resulted in a loss of 11 shifts, impacting production.
The company incurred a negative cash margin of $2 million with high cash costs of $7.03 CAD per pound and all-in sustaining costs of $9.01 CAD per pound.
Operating cash outflow was $10.8 million, and free cash outflow was $14.4 million, including $4.2 million in capital expenditures.
Average copper equivalent grade in Q3 was below forecast due to delayed access to higher-grade stoves.
The company is tracking towards the lower end of its tonnage guidance for Q4, indicating potential challenges in meeting production targets.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

NICU.V - Magna Mining Inc
Q3 2025 Magna Mining Inc Earnings Call
Nov 26, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Magnum Mining Inc. 3rd quarter conference call and webcast. At this time, all participants are in listen-only mode. After the speaker's presentation, there'll be a question-and-answer session. To ask a question, please press 11. To remove yourself from the queue, press 11 again. To ask a question via the web, please type your question into the Q&A box and click submit. This call may be recorded. I would like to turn the call over to Paul Fowler, executive Vice President. Please go ahead.

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Unidentified_2 [2]
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Thank you very much.

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