Magna Mining Inc. (MGMNF)
OQX · Basic Materials · Other Industrial Metals & Mining
Closing price as of 2026-06-12 · Source: TEK2day Finance
Key Metrics
About Magna Mining Inc.
Magna Mining Inc. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for nickel, copper, cobalt, platinum, palladium, gold, and silver deposits. Its primary assets include the McCreedy West copper underground mine located on the north range of the Sudbury Igneous Complex; the Levack mine; the Podolsky mine; the 84%-owned Shakespeare mine, which comprises 29 patented claims, 3 leased claims, and 787 mining claims covering an area of 18,074.94 hectares located within the Dunlop, Porter, Shakespeare, Hyman, and Baldwin Townships in Sudbury, Canada; and the 100%-owned Crean Hill mine located in Sudbury, Canada. Magna Mining Inc. was founded in 2016 and is headquartered in Sudbury, Canada.
Quarterly Financials
| Metric | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 |
|---|---|---|---|---|
| Revenue | 18.5M | 16.3M | 25.8M | 25.9M |
| Gross Profit | -1.8M | -3.1M | 2.8M | 5.3M |
| Operating Income | -10.3M | -11.8M | -6.3M | -4.6M |
| Net Income | -9.5M | -10.6M | -25.9M | -6.2M |
| Diluted EPS | $-0.05 | $-22.00 | $nan | $-0.03 |
Annual Financials
| Metric | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 65.0M |
| Gross Profit | -32K | -62K | 0.00 | -2.1M |
| Operating Income | -22.3M | -12.6M | -19.5M | -33.2M |
| Net Income | -22.0M | -9.7M | -16.3M | -17.0M |
| Diluted EPS | $-0.26 | $-0.06 | $-0.10 | $-0.08 |