Levack restart puts Magna on two-mine track in Ontario
Creator: Northern Miner Workers |
Date: 2026-10-08 19:05:00
This text was initially printed by MINING.COM. The title and a short excerpt are supplied for informational and reference functions. Readers ought to go to the unique writer for the whole article, supporting context, pictures, and any subsequent updates.
Magna Mining (TSX: NICU; US-OTC: MGMNF) has authorised a C$70-million ($49 million) restart of its Levack nickel-copper mine close to Sudbury, Ont., focusing on industrial manufacturing by mid-2028.
Thursday’s preliminary financial evaluation values Levack, about 400 km north of Toronto, at $227 million after tax utilizing a 7% low cost price. That’s lower than half Desjardins analyst Bryce Adams’ $497-million estimate at comparable metallic costs, though he sees…
The unique publication comprises the whole reporting and needs to be consulted for the complete textual content and any further info.
