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The latest announcement is out from Magna Mining ( (TSE:NICU) ).
Magna Mining reported that its McCreedy West Mine delivered a strong finish to 2025, with fourth-quarter output of 84,953 tons of ore from the 700 Copper Zone, marking a 13% increase over the previous quarter and higher grades for copper as well as significantly improved precious metals grades. The company has fully transitioned underground development to in-house crews, expanded diamond drilling by 91% to 29,334 feet to support current production and long-term planning, and used the stronger operational performance to remove low-grade stopes from its mine plan, positioning McCreedy West for improved margins and operational flexibility amid robust copper prices and a rebound in nickel, while a life-of-mine plan and maiden reserve estimate are expected shortly.
The most recent analyst rating on (TSE:NICU) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Magna Mining stock, see the TSE:NICU Stock Forecast page.
Spark’s Take on TSE:NICU Stock
According to Spark, TipRanks’ AI Analyst, TSE:NICU is a Neutral.
The score is held back primarily by weak cash generation (materially negative operating and free cash flow) and mixed underlying profitability signals despite positive net income. A low-leverage balance sheet and improving scale help offset this, and technicals are supportive with the stock trading above key moving averages. Valuation remains a risk given the very high P/E and lack of dividend support.
To see Spark’s full report on TSE:NICU stock, click here.
More about Magna Mining
Magna Mining Inc. is a Canadian polymetallic mining company focused on underground copper, nickel and precious metals production in the Sudbury Basin of northeastern Ontario. Its primary operations include the McCreedy West Mine, where ore is mined and shipped to Vale’s Clarabelle mill, with a strategy centered on leveraging the region’s polymetallic deposits and prevailing commodity price trends.
Average Trading Volume: 411,111
Technical Sentiment Signal: Buy
Current Market Cap: C$864.4M
See more insights into NICU stock on TipRanks’ Stock Analysis page.