MGMNF
Magna Mining Inc.
Price Chart
Latest Quote
$1.51
-0.06 (-3.82%)
Current Price
| Previous Close | $1.57 |
| Open | $1.50 |
| Day High | $1.50 |
| Day Low | $1.46 |
| Volume | 23,250 |
Stock Information
Note: Financial values converted from CAD to USD
| Shares Outstanding | 250.83M |
| Cash Equivalents | $34K |
| Net Income | $-67K |
| Sector | Basic Materials |
| Industry | Other Industrial Metals & Mining |
| Market Cap | $378.75M |
| EPS (TTM) | $-0.12 |
| Exchange | OQX |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $11.33M |
| Income | $-67K |
| Book/sh | $0.01 |
| Cash/sh | $0.00 |
| Employees | 7 |
Financial Ratios
| Quick Ratio | 4.74 |
| Current Ratio | 5.53 |
Returns & Margins
Ownership
| Insider Ownership | 25.42% |
| Institutional Ownership | 18.40% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| P/B | 152.90 |
Analyst Data
| Recommendation | none |
Technical Indicators
| SMA20 | $1.57 |
| RSI | 35.94 |
| ATR | 0.0836 |
| Shares Float | 4.32M |
| Rel Volume | 0.24 |
Performance History
| Week | +0.67% |
| Month | -10.65% |
| YTD | -21.35% |
| 10 Years | -21.35% |
Stock Score:
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-23 | $1.51 | 32,600 |
| 2026-06-22 | $1.57 | 183,200 |
| 2026-06-18 | $1.55 | 130,900 |
| 2026-06-17 | $1.57 | 71,400 |
| 2026-06-16 | $1.60 | 132,400 |
| 2026-06-15 | $1.50 | 41,000 |
| 2026-06-12 | $1.49 | 79,900 |
| 2026-06-11 | $1.47 | 204,700 |
| 2026-06-10 | $1.41 | 60,700 |
| 2026-06-09 | $1.43 | 157,800 |
| 2026-06-08 | $1.46 | 165,700 |
| 2026-06-05 | $1.48 | 361,400 |
| 2026-06-04 | $1.62 | 61,100 |
| 2026-06-03 | $1.60 | 178,700 |
| 2026-06-02 | $1.69 | 69,100 |
| 2026-06-01 | $1.65 | 129,500 |
| 2026-05-29 | $1.67 | 164,500 |
| 2026-05-28 | $1.67 | 236,700 |
| 2026-05-27 | $1.73 | 134,700 |
| 2026-05-26 | $1.73 | 71,800 |
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.
đ° Latest News
Magna Mining Inc (MGMNF) Q1 2026 Earnings Call Highlights: Strong Revenue Growth Amid ...
GuruFocus.com âĸ 2026-05-28T23:02:44ZNew Forecasts: Here's What One Analyst Thinks The Future Holds For Magna Mining Inc. (CVE:NICU)
Simply Wall St. âĸ 2026-04-27T13:34:15Z
Magna Mining Inc (MGMNF) Q4 2025 Earnings Call Highlights: Strong Safety Record and Strategic ...
GuruFocus.com âĸ 2026-04-22T07:01:29ZMagna Mining Says North Range Drilling Intersects "Significant" Copper
MT Newswires âĸ 2026-04-14T13:12:42ZFox Tungsten adds two directors to its board
Proactive âĸ 2026-04-13T09:19:00Z
Magna Mining Announcing Initial Mineral Reserves for McCreedy West Mine and Additional Footwall Drill Results from Levack Mine
MT Newswires âĸ 2026-02-18T12:54:42ZMagna Mining Q4 2025 Production Rises 13% Quarter Over Quarter
MT Newswires âĸ 2026-01-20T15:04:58ZMagna Mining to Initiate a Pre-Feasibility Study on Crean Hill Nickel-Copper-Precious Metals Project in Sudbury
MT Newswires âĸ 2025-12-16T16:11:49ZMagna Mining Inc (MGMNF) Q3 2025 Earnings Call Highlights: Strong Development Gains Amid ...
GuruFocus.com âĸ 2025-11-26T19:00:34ZInstitutions own 26% of Magna Mining Inc. (CVE:NICU) shares but retail investors control 58% of the company
Simply Wall St. âĸ 2025-09-29T14:41:32Z
Period:
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Income Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $83,099 | $62,081 | $32,443 | $15,821 |
| Cost Of Revenue | $83,099 | $62,081 | $32,443 | $15,821 |
| Total Revenue | $0 | $0 | $0 | $0 |
| Operating Revenue | $0 | $0 | $0 | $0 |
| Expenses | ||||
| Interest Expense | $173,124 | $357,760 | $64,814 | $0 |
| Total Expenses | $19,483,348 | $12,617,950 | $22,308,405 | $6,834,280 |
| Other Income Expense | $2,987,498 | $2,397,232 | $306,650 | $69,503 |
| Other Non Operating Income Expenses | $2,944,597 | $2,392,425 | $332,704 | $69,233 |
| Net Non Operating Interest Income Expense | $228,123 | $498,839 | $32,175 | $1,811 |
| Interest Expense Non Operating | $173,124 | $357,760 | $64,814 | $0 |
| Operating Expense | $19,400,249 | $12,555,869 | $22,275,962 | $6,818,459 |
| Other Operating Expenses | $10,140,002 | $7,673,264 | $19,832,580 | $5,044,301 |
| Selling And Marketing Expense | $261,151 | $175,446 | $34,996 | $133,366 |
| General And Administrative Expense | $8,837,195 | $4,202,981 | $2,179,900 | $1,441,075 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Net Interest Income | $228,123 | $498,839 | $32,175 | $1,811 |
| Interest Income | $401,247 | $856,599 | $96,989 | $1,811 |
| Normalized Income | $-16,310,628 | $-9,726,686 | $-21,943,526 | $-6,763,236 |
| Net Income From Continuing And Discontinued Operation | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Net Income Common Stockholders | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Net Income | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Net Income Including Noncontrolling Interests | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Net Income Continuous Operations | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Pretax Income | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Special Income Charges | $5,496 | $0 | $1,504 | $0 |
| Interest Income Non Operating | $401,247 | $856,599 | $96,989 | $1,811 |
| Operating Income | $-19,483,348 | $-12,617,950 | $-22,308,405 | $-6,834,280 |
| Gross Profit | $-83,099 | $-62,081 | $-32,443 | $-15,821 |
| Per Share | ||||
| Diluted EPS | $-0.10 | $-0.06 | $-0.26 | $-0.12 |
| Basic EPS | $-0.10 | $-0.06 | $-0.26 | $-0.12 |
| Other | ||||
| Tax Effect Of Unusual Items | $0 | $0 | $0 | $0 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $-16,054,405 | $-9,306,845 | $-21,846,269 | $-6,747,413 |
| Total Unusual Items | $42,901 | $4,807 | $-26,054 | $270 |
| Total Unusual Items Excluding Goodwill | $42,901 | $4,807 | $-26,054 | $270 |
| Reconciled Depreciation | $83,099 | $62,081 | $32,443 | $15,823 |
| EBITDA (Bullshit earnings) | $-16,011,504 | $-9,302,038 | $-21,872,323 | $-6,747,143 |
| EBIT | $-16,094,603 | $-9,364,119 | $-21,904,766 | $-6,762,966 |
| Diluted Average Shares | $170,766,096 | $160,965,300 | $83,666,459 | $58,698,031 |
| Basic Average Shares | $170,766,096 | $160,965,300 | $83,666,459 | $58,698,031 |
| Diluted NI Availto Com Stockholders | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Gain On Sale Of Ppe | $5,496 | $0 | $1,504 | $0 |
| Gain On Sale Of Security | $37,405 | $4,807 | $-27,558 | $270 |
| Selling General And Administration | $9,098,346 | $4,378,427 | $2,214,896 | $1,574,441 |
| Other Gand A | $3,503,175 | $1,297,680 | $757,786 | $492,847 |
| Salaries And Wages | $5,334,020 | $2,905,301 | $1,422,114 | $948,228 |
Fetched: 2026-02-02
Balance Sheet (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $35,043,515 | $24,848,750 | $19,999,083 | $4,746,346 |
| Total Assets | $39,570,798 | $30,281,215 | $25,072,706 | $6,988,955 |
| Total Non Current Assets | $18,554,710 | $18,348,489 | $18,167,556 | $758,178 |
| Other Non Current Assets | $902,583 | $699,724 | $666,422 | $657,618 |
| Current Assets | $21,016,088 | $11,932,726 | $6,905,150 | $6,230,777 |
| Current Deferred Assets | $198,320 | - | - | - |
| Prepaid Assets | $212,925 | $111,310 | $107,947 | $45,522 |
| Receivables | $3,028,506 | $890,107 | $622,077 | $502,923 |
| Other Receivables | $500,000 | - | - | - |
| Taxes Receivable | $1,154,367 | $890,107 | - | - |
| Accounts Receivable | $1,374,139 | $0 | $622,077 | $502,923 |
| Cash Cash Equivalents And Short Term Investments | $17,576,337 | $10,931,309 | $6,175,126 | $5,682,332 |
| Cash And Cash Equivalents | $17,535,316 | $10,890,288 | $6,175,126 | $5,682,332 |
| Cash Financial | $17,535,316 | $10,890,288 | $6,175,126 | $5,682,332 |
| Debt | ||||
| Total Debt | $46,059 | $42,054 | $60,865 | $78,174 |
| Long Term Debt And Capital Lease Obligation | $10,123 | $13,602 | $9,670 | $30,865 |
| Current Debt And Capital Lease Obligation | $35,936 | $28,452 | $51,195 | $47,309 |
| Current Debt | - | - | $30,000 | $28,708 |
| Long Term Debt | - | - | - | $28,708 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $4,527,283 | $5,432,465 | $5,073,623 | $2,242,609 |
| Total Non Current Liabilities Net Minority Interest | $884,666 | $845,590 | $725,459 | $729,035 |
| Current Liabilities | $3,642,617 | $4,586,875 | $4,348,164 | $1,513,574 |
| Current Deferred Liabilities | $0 | $0 | $2,645,375 | $260,670 |
| Payables And Accrued Expenses | $3,606,681 | $4,558,423 | $1,651,594 | $1,205,595 |
| Payables | $1,257,752 | $3,771,440 | $979,015 | $681,975 |
| Accounts Payable | $1,257,752 | $826,843 | $979,015 | $349,271 |
| Other Payable | - | $2,944,597 | - | $332,704 |
| Equity | ||||
| Common Stock Equity | $35,043,515 | $24,848,750 | $19,999,083 | $4,746,346 |
| Total Equity Gross Minority Interest | $35,043,515 | $24,848,750 | $19,999,083 | $4,746,346 |
| Stockholders Equity | $35,043,515 | $24,848,750 | $19,999,083 | $4,746,346 |
| Other Equity Interest | $5,374,661 | $4,413,026 | $3,158,931 | $2,492,221 |
| Retained Earnings | $-41,616,087 | $-25,348,360 | $-15,626,481 | $-11,033,691 |
| Other | ||||
| Ordinary Shares Number | $194,910,244 | $163,379,860 | $146,912,330 | $71,753,906 |
| Share Issued | $194,910,244 | $163,379,860 | $146,912,330 | $71,753,906 |
| Tangible Book Value | $35,043,515 | $24,848,750 | $19,999,083 | $4,746,346 |
| Invested Capital | $35,043,515 | $24,848,750 | $20,029,083 | $4,775,054 |
| Working Capital | $17,373,471 | $7,345,851 | $2,556,986 | $4,717,203 |
| Capital Lease Obligations | $46,059 | $42,054 | $30,865 | $49,466 |
| Total Capitalization | $35,043,515 | $24,848,750 | $19,999,083 | $4,746,346 |
| Capital Stock | $71,284,941 | $45,784,084 | $32,466,633 | $13,287,816 |
| Common Stock | $71,284,941 | $45,784,084 | $32,466,633 | $13,287,816 |
| Long Term Capital Lease Obligation | $10,123 | $13,602 | $9,670 | $30,865 |
| Long Term Provisions | $874,543 | $831,988 | $715,789 | $698,170 |
| Current Capital Lease Obligation | $35,936 | $28,452 | $21,195 | $18,601 |
| Line Of Credit | $0 | $0 | $30,000 | $28,708 |
| Current Accrued Expenses | $2,348,929 | $786,983 | $672,579 | $523,620 |
| Net PPE | $17,652,127 | $17,648,765 | $17,501,134 | $100,560 |
| Accumulated Depreciation | $-200,815 | $-123,138 | $-61,057 | $-31,114 |
| Gross PPE | $17,852,942 | $17,771,903 | $17,562,191 | $131,674 |
| Other Properties | $17,739,731 | $17,677,063 | $17,491,760 | $114,970 |
| Machinery Furniture Equipment | $113,211 | $94,840 | $70,431 | $16,704 |
| Other Short Term Investments | $41,021 | $41,021 | $0 | - |
Fetched: 2026-02-02
Cash Flow Statement (Annual)
| Metric | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-17,833,694 | $-10,617,507 | $-18,484,696 | $-5,806,307 |
| Operating Activities | ||||
| Operating Cash Flow | $-17,809,323 | $-10,535,734 | $-18,167,799 | $-5,768,362 |
| Cash Flow From Continuing Operating Activities | $-17,809,323 | $-10,535,734 | $-18,167,799 | $-5,768,362 |
| Operating Gains Losses | $-5,496 | - | - | $-270 |
| Investing Activities | ||||
| Capital Expenditure | $-24,371 | $-81,773 | $-316,897 | $-37,945 |
| Investing Cash Flow | $-186,545 | $-122,023 | $-307,012 | $319,996 |
| Cash Flow From Continuing Investing Activities | $-186,545 | $-122,023 | $-307,012 | $319,996 |
| Net Other Investing Changes | $-168,248 | - | - | $282,500 |
| Financing Activities | ||||
| Issuance Of Capital Stock | $20,333,334 | $16,648,502 | $18,765,959 | $9,468,295 |
| Financing Cash Flow | $24,640,896 | $15,372,919 | $18,967,605 | $9,609,765 |
| Cash Flow From Continuing Financing Activities | $24,640,896 | $15,372,919 | $18,967,605 | $9,609,765 |
| Net Other Financing Charges | $-198,320 | $-3,000,000 | - | $128,174 |
| Net Common Stock Issuance | $20,333,334 | $16,648,502 | $18,765,959 | $9,468,295 |
| Common Stock Issuance | $20,333,334 | $16,648,502 | $18,765,959 | $9,468,295 |
| Other | ||||
| Repayment Of Debt | $-44,641 | $-60,149 | $-22,523 | $-13,191 |
| End Cash Position | $17,535,316 | $10,890,288 | $6,175,126 | $5,682,332 |
| Beginning Cash Position | $10,890,288 | $6,175,126 | $5,682,332 | $1,520,933 |
| Changes In Cash | $6,645,028 | $4,715,162 | $492,794 | $4,161,399 |
| Proceeds From Stock Option Exercised | $4,550,523 | $1,784,566 | $224,169 | $26,487 |
| Net Issuance Payments Of Debt | $-44,641 | $-60,149 | $-22,523 | $-13,191 |
| Net Long Term Debt Issuance | $-44,641 | $-60,149 | $-22,523 | $-13,191 |
| Long Term Debt Payments | $-44,641 | $-60,149 | $-22,523 | $-13,191 |
| Net Investment Purchase And Sale | $0 | $-40,250 | $0 | - |
| Purchase Of Investment | $0 | $-40,250 | $0 | - |
| Net PPE Purchase And Sale | $-18,297 | $-81,773 | $-316,897 | $-37,945 |
| Sale Of PPE | $6,074 | $0 | - | - |
| Purchase Of PPE | $-24,371 | $-81,773 | $-316,897 | $-37,945 |
| Change In Working Capital | $-247,159 | $-309,161 | $607,924 | $-424,657 |
| Change In Payables And Accrued Expense | $1,992,855 | $-37,768 | $778,703 | $-9,786 |
| Change In Prepaid Assets | $-101,615 | $-3,363 | $-62,425 | $23,196 |
| Change In Receivables | $-2,138,399 | $-268,030 | $-108,354 | $-438,067 |
| Other Non Cash Items | $-2,950,675 | $-2,024,806 | $2,419,624 | $760,456 |
| Stock Based Compensation | $1,578,635 | $1,458,031 | $741,790 | $643,252 |
| Depreciation Amortization Depletion | $83,099 | $62,081 | $32,443 | $15,823 |
| Depreciation And Amortization | $83,099 | $62,081 | $32,443 | $15,823 |
| Depreciation | $83,099 | $62,081 | $32,443 | $15,823 |
| Gain Loss On Sale Of PPE | $-5,496 | $0 | - | - |
| Net Income From Continuing Operations | $-16,267,727 | $-9,721,879 | $-21,969,580 | $-6,762,966 |
| Interest Paid Supplemental Data | - | $0 | $0 | $0 |
| Income Tax Paid Supplemental Data | - | $0 | $0 | $0 |
| Net Business Purchase And Sale | - | $0 | $9,885 | $75,441 |
| Sale Of Business | - | $0 | $9,885 | $75,441 |
| Changes In Account Receivables | - | $-268,030 | $-108,354 | $-438,067 |
| Net Foreign Currency Exchange Gain Loss | - | - | $0 | $-270 |
Fetched: 2026-02-02