Morning Briefing: Magna Mining Publish Levack PEA and Give Approval for Restart

Magna Mining's board approved the Levack Mine restart, projecting a 92.4% IRR and C$227M NPV with mid-2028 production.

• Magna Mining's Levack restart: PEA shows 7.3 years of production at 36.8M payable CuEq lb/yr, AISC $3.71/lb, after-tax NPV C$227M, 92.4% IRR, payback ~0.5 yr; board approved restart with initial capex C$70.1M (net funding ~C$8.6M) and commercial output targeted mid-2028.
• Gold slips, dollar/yields rise: Gold at $4,122/oz after a two-month low of $4,113; silver down ~2% to $58.75; markets price 85% odds of a December Fed rate cut.

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