Magna Mining Inc.

Notable vs. Peers

• All-in sustaining cost of $3.48/lb is 56% higher than the peer producer average of $2.23/lb.

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · McCreedy West's own 43-101 technical report (filed by Magna, Feb 2025) states the property 'totals 804.24 acres (325.46 hectares) held under eight freehold patented parcels' (544SWS, 1971SWS, 5586SWS, 5591SWS, 8675SWS, 8784SWS, 8785SWS and 22185SWS) with 'surface and mining rights' -- century-old Ontario Crown patents, not a modern dated regulatory permit grant. The mine has been in near-continuous operation since Inco developed it in 1970 (commercial production under FNX Mining re-achieved Nov 1, 2003), decades before Magna acquired the producing mine from KGHM International in a transaction that closed February 28, 2025 (the same date already on file as this miner's CONSTRUCTION_START row). The underlying patented titles were inherited through that acquisition, not newly granted to Magna -- same reused-pre-existing-title shape as HL/San Sebastian and DRD/FWGR (Task #646 batch 1). No dated 'permit granted' event specific to Magna's 2025 restart was found. · Source
2. Construction decision (FID)

   Sep 2024 · Magna Mining announced a definitive agreement to acquire the McCreedy West mine and a portfolio of other Sudbury Basin assets from KGHM International -- McCreedy West was described as 'currently an operating mine' with 2023 production of 317,660 tonnes, so this is Magna's own real decision to take over and (following the transaction close) restart operational control of the mine, the same acquisition-as-decision convention used for GEM in the Task #430 batch3 script. · Source
3. Construction start

   Feb 2025 · Magna Mining completed its acquisition of McCreedy West from KGHM on February 28, 2025 and took over operational control, immediately restarting mining activity (no stockpiled broken ore was available, so mining had to resume right away). · Source
4. First pour / production

   Reached — date not disclosed · Magna Mining's own production run at McCreedy West began around March 7, 2025, generating 790,000 lb copper-equivalent from ~20,000 tonnes of ore and $300,000 in positive cash flow in its first (partial) month. Exact day not confirmed with certainty from available sourcing -- recorded reached-but-undated as 'March 2025'. (McCreedy West itself has been in near-continuous production since Inco's original 1970-1998 development and FNX Mining's 2003 reopening -- this row records Magna's own current operating period, consistent with the CONSTRUCTION_DECISION/CONSTRUCTION_START rows above.) · Source
5. Commercial production

   Reached — date not disclosed · Genuinely reached, but no source found frames this as a formally "declared" commercial-production threshold distinct from the acquisition/production-start itself: Magna Mining closed its acquisition of the McCreedy West mine (Sudbury, Ontario) from KGHM on 2025-03-01, and issued a "Magna Mining Becomes Copper Producer" release on 2025-03-15, with production (790,000 lb copper-equivalent in the first month) and positive cash flow beginning immediately upon closing. McCreedy West is itself a past-producing mine with its own history under several prior operators (FNX Mining and predecessors, then KGHM) before this 2025 acquisition. Rather than treat an acquisition-close date as a declared commercial-production milestone, achievedDate is left null with this context noted. Crean Hill (100%-owned) remains a pre-feasibility-stage project targeted for its own production decision, not yet producing. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.