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Magna Mining reports strong assay results and progress on Levack Mine restart in Sudbury, Ontario

Market News
12 Nov 2026, 13:45 WIB
GlobeNewsWire
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Bullish
Magna Mining reports strong assay results and progress on Levack Mine restart in Sudbury, Ontario

Magna Mining Inc. released new assay results from drilling at the Levack Mine in Sudbury, Ontario, showing high-grade copper, nickel, and precious metals mineralization. The company is advancing underground development and drilling to define and expand mineral zones, supporting the planned mine restart. A new ramp is being developed to access key ore zones, and refurbishment of the hoisting system is on track for Q1 2027. Combining Levack with the adjacent McCreedy West Mine aims to optimize resources and operations, moving closer to commercial production in 2027.

Magna Mining Inc. is advancing development at Levack Mine while Pluang's Basic Materials sector shows a mixed market with 25 of 83 US stocks rising and 54 falling as of Nov 12, 2026 18:11 WIB. Among notable movers, Hudbay Minerals Inc. (HBM) gained 2.46% to USD 22.48 with 100% buy order activity, while Coeur Mining Inc. (CDE) and Iamgold Corporation (IAG) declined by 2.53% and 2.49% respectively. Typical hold times range from 6 to 15 days across these stocks.

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