Magna Mining
Logotype for Magna Mining Inc

Magna Mining (NICU) investor relations material

Magna Mining Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Magna Mining Inc
Q2 2026 earnings summary13 Aug, 2026

Executive summary

  • Achieved record production at McCreedy West in Q2 2026, safely mining and shipping 98,446 short tons at a grade of 3.34% CuEq, producing 4.5 million copper equivalent payable pounds, and supporting strong operational momentum.

  • Completed one year without a recordable injury at McCreedy West, with a year-to-date TRIFR of 0.63, down 84% from 2025, reflecting a strong safety culture.

  • Generated record positive cash margin of CAD 8.9 million and free cash flow of CAD 5.1 million in Q2 2026, marking a significant turnaround from prior quarters.

  • Ended Q2 2026 with a cash balance of CAD 40 million and working capital of CAD 45.3 million, providing a strong liquidity position.

  • Announced a CAD 140 million strategic investment by Alpayana, expected to close in Q3 2026, enhancing financial flexibility and shareholder base.

Financial highlights

  • Q2 2026 net revenue was CAD 29.7 million, with a CAD 5.4 million reduction due to the precious metal stream.

  • Cash margin improved to CAD 8.9 million (CAD 1.41 per copper equivalent payable pound), up from CAD 6 million (CAD 1.06 per pound) in Q1.

  • Cash costs were CAD 3.76 per copper equivalent payable pound; all-in sustaining costs (AISC) were CAD 4.54 per pound.

  • Q2 2026 operating cash flow was CAD 8.9 million (CAD 0.04 per share), and free cash flow was CAD 5.1 million (CAD 0.02 per share), reversing a free cash outflow of CAD 19.5 million in Q1 2026.

  • Adjusted net loss for Q2 2026 was CAD 8.2 million, or CAD 0.03 per share.

Outlook and guidance

  • On track to meet full-year 2026 guidance at McCreedy West, including production of 16.0–18.0 million copper equivalent payable pounds.

  • Cash flow from McCreedy West supports advancement of Crean Hill and Levack projects.

  • Levack preliminary economic assessment (PEA) and Crean Hill pre-feasibility study (PFS) expected to be completed in September 2026, informing construction and restart decisions.

  • Anticipate releasing Levack PEA results in mid-September, with a formal restart decision to follow.

Alpayana strategic investment terms
Levack PEA and Crean Hill PFS status
Projected savings from equipment purchase
Acceleration of projects via Alpayana funding
Normalization of smelting and refining charges
PEA and PFS impact on mine restart decisions
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Magna Mining earnings date

Logotype for Magna Mining Inc
Q3 202625 Nov, 2026
Magna Mining
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Magna Mining earnings date

Logotype for Magna Mining Inc
Q3 202625 Nov, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Explore our global coverage