Magna Mining Moves Forward With Levack Mine Restart

Magna Mining's Levack restart needs just $8.6M net funding and targets a 0.6-year payback, with R2 zone upside still unpriced.

• PEA headline numbers: Levack restart pencils out to ~$70M initial capital, a 0.6-year base-case payback (0.4 years at current metal prices), commercial production by mid-2028 at 2,200 tons/day.
• Net funding is tiny: Of the ~$70M capex, $55M is offset by pre-production revenues from selling ore to Vale, leaving net initial funding of about $8.6M.

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