Magna Mining CEO on a Landmark Q2 in the Sudbury Basin

Magna Mining CEO Jason Jessup joins Mining Stock Daily to break down a landmark Q2 2026. It was a quarter that saw the company swing from nearly $20 million in the red to positive free cash flow, driven by record tonnage, strong grades, and disciplined cost control at McCreedy West. Jason digs into the exciting R2 Footwall Zone discovery at Levack, where the advancing 2950 Level drift is now within striking distance of what he calls the most exciting exploration target in the company's portfolio, with early mining potentially beginning as early as Q1 2027. He also addresses the higher treatment and refining charges in the quarter, explaining a retroactive contract adjustment with Vale that he expects to normalize — and provide a net benefit — going forward.