Magna Mining Q2 FY26 net loss widens to CAD 8.22 million; revenue rises to CAD 29.73 million

Reuters2026/08/12 21:45

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Magna Mining posted a Q2 IFRS net loss of CAD 8.22 million, or CAD 0.03 per share.
Net revenue from mining operations rose to CAD 29.73 million, up 89.33% from Q1.
Operating cash flow turned positive at CAD 8.92 million, swinging from a CAD 16.16 million outflow in Q1.
Free cash flow returned to positive CAD 5.06 million, versus a CAD 19.48 million outflow in Q1.
Ore processed climbed to 98,446 tons, while copper-equivalent payable production increased to 4.53 million pounds; cash margin reached CAD 8.86 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Magna Mining Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608121745PRIMZONEFULLFEED9809118) on August 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Magna Mining Q2 FY26 net loss widens to CAD 8.22 million; revenue rises to CAD 29.73 million

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