Sudbury’s Magna Mining has made the full transformation from exploration outfit to mining player.
April to June was the first quarter of production from Magna’s new anchor asset, the McCreedy West copper mine, since officially taking the reins from KGHM last February.
Located on the Sudbury basin’s north range, the company is in ramp-up mode to get McCreedy West humming and operating the Magna way. Magna execs said they’re setting up shop in anticipation of bigger and better things to come in 2026.
McCreedy West was acquired from Polish miner KGHM, along with a stable of other past-producing mines — such as the shuttered Levack, Podolsky and Kirkwood mines — and some lesser known exploration properties in a deal first announced in September 2023.
McCreedy West is their only revenue-generating asset. But Magna has lofty goals to become a multi-mine producer in Sudbury over the next three years.
It’s been a swift ascent for the company, steered by many former employees of FNX Mining, an upstart company that achieved great success in the basin in the early 2000s by reviving some past-producing mines. The formula is the same with Magna. The ground they’ve acquired is familiar turf to many on staff.
