{"podcast":{"title":"The KE Report","slug":"the-ke-report-5642261","podcast_index_feed_id":5642261,"rss_url":"https://feed.podbean.com/kereport/feed.xml","website_url":"https://kereport.podbean.com","image_url":"https://pbcdn1.podbean.com/imglogo/image-logo/14667883/Ker_Logo_Large_8k5wed.jpg","author":"KE Report","episode_count":100,"summary":"The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap stocks. Interviews are published daily to help investors navigate their investments.","last_synced_at":"2026-07-07T00:17:40.068815+00:00","page_url":"https://stenobird.com/podcast/the-ke-report-5642261"},"episode":{"title":"Magna Mining – Review of Q1 Operations and Financials, More High-Grade Results Returned From R2 Zone, Levack and Crean Hill Development Pathway","slug":"magna-mining-review-of-q1-operations-and-financials-more-high-grade-results-returned-from-r2-zone-levack-and-crean-hill-development-pathway","published_at":"2026-06-26T15:50:47+00:00","page_url":"https://stenobird.com/podcast/the-ke-report-5642261/magna-mining-review-of-q1-operations-and-financials-more-high-grade-results-returned-from-r2-zone-levack-and-crean-hill-development-pathway","show_page_url":"https://stenobird.com/podcast/the-ke-report-5642261","url":"https://kereport.podbean.com/e/magna-mining-%e2%80%93-review-of-q1-operations-and-financials-more-high-grade-results-returned-from-r2-zone-levack-and-crean-hill-development-pathway/","audio_url":"https://mcdn.podbean.com/mf/web/zrrv4sca876jei46/2026-06-25_-_Jason_Jessup_-_Magna_Mining8naxl.mp3","summary":"Jason Jessup, CEO and Director of Magna Mining (TSX: NICU) (OTCQX: MGMNF), joins me for a review of Q1 operations and financials at the McCreedy West Mine located in Sudbury, Ontario, Canada. Then we dive into an overall exploration and development update at the prior-producing Levack Mine, and a development update at Crean Hill to map out what the pathway to restarting production would entail at both mines. We start off noting the graduation from the TSX Venture Exchange (“TSXV”) to the Toronto Stock Exchange (“TSX”). The Common Shares just began trading on the TSX at market earlier this week on Tuesday, June 23, 2026, and will continue to trade under the current stock symbol, (“NICU”). Jason highlights the extra liquidity and potential for passive fund inclusion that this will present in the fullness of time. Q1 Operations and Financial Highlights: Positive cash margin of $6.0 million at the McCreedy West copper-precious metals-nickel Mine. In Q1 2026, 82,296 tons of ore was processed from the 700 Footwall Copper Zone at McCreedy West at a grade of 3.38% copper equivalent (“CuEq”) based on realized metal prices in the quarter. The Company produced 4.1 million CuEq payable pounds (“lbs”) in Q1 2026. With both tonnage and grades forecast to increase from Q1, the Company continues to expect to achieve full year production guidance of 16-18 million CuEq payable lbs. Quarterly cash costs of US$3.48 per CuEq lb, and All-in sustaining costs (“AISC”) of US$4.21 per CuEq lb, respectively. Production costs per ton processed in Q1 2026 declined by 5.3% quarter over quarter to $214 per ton. Ended Q1 2026 with cash and cash equivalents of $35.8 million and a working capital balance of $53.7 million. Exploration and evaluation expenses in Q1 2026 of $2.8 million, including $2.3 mi…","meta_description":"Jason Jessup, CEO and Director of Magna Mining (TSX: NICU) (OTCQX: MGMNF), joins me for a review of Q1 operations and financials at the McCreedy West Mine…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1641,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-ke-report-5642261/episodes/magna-mining-review-of-q1-operations-and-financials-more-high-grade-results-returned-from-r2-zone-levack-and-crean-hill-development-pathway/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-ke-report-5642261/magna-mining-review-of-q1-operations-and-financials-more-high-grade-results-returned-from-r2-zone-levack-and-crean-hill-development-pathway.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}