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Magna Mining
(NICU)
Magna Mining (NICU) vs. iShares MSCI Canada ETF (EWC)
Magna Mining Business Overview & Revenue Model
Magna Mining Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -106.21K | -504.18K | -19.85M | -15.82K | -2.62K | EBIT |
| -19.98M | -12.67M | -21.88M | -6.83M | -1.22M | EBITDA |
| -15.99M | -12.60M | -21.85M | -6.73M | -1.22M | Net Income Common Stockholders |
| -16.27M | -9.86M | -22.00M | -6.76M | -1.08M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 17.58M | 10.93M | 6.18M | 5.68M | 1.52M | Total Assets |
| 39.57M | 12.77M | 7.70M | 6.99M | 2.74M | Total Debt |
| 46.06K | 42.05K | 60.87K | 78.17K | 27.47K | Net Debt |
| -17.49M | -10.85M | -6.11M | -5.60M | -1.49M | Total Liabilities |
| 4.53M | 5.43M | 5.07M | 2.24M | 1.58M | Stockholders Equity |
| 35.04M | 7.33M | 2.62M | 4.75M | 1.17M |
| Cash Flow | Free Cash Flow | |||
| -17.83M | -10.62M | -18.48M | -5.81M | -396.44K | Operating Cash Flow |
| -17.81M | -10.58M | -18.17M | -5.77M | -395.06K | Investing Cash Flow |
| -186.54K | -74.55K | -307.01K | 320.00K | -1.38K | Financing Cash Flow |
| 24.64M | 15.37M | 18.97M | 9.61M | 1.75M |
Magna Mining Technical Analysis
Magna Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
54 Neutral | $180.98M | ― | -0.58% | ― | ― | 91.44% | |
53 Neutral | C$61.73M | ― | -79.38% | ― | ― | 34.27% | |
51 Neutral | $2.04B | -1.21 | -21.10% | 3.95% | 2.90% | -30.45% | |
48 Neutral | C$206.59M | ― | -1.18% | ― | ― | 7.41% | |
40 Underperform | C$358.95M | 25.31 | 35.78% | ― | ― | -53.43% | |
40 Underperform | C$75.58M | ― | -4.19% | ― | ― | 48.82% | |
40 Underperform | C$13.19M | 13.89 | 95.47% | ― | ― | 64.12% |
Magna Mining Corporate Events
Magna Mining has announced promising assay results from its ongoing diamond drilling programs at the Levack and McCreedy West mines. The results indicate high-grade copper intersections, which are pivotal for the company’s plans to restart operations at Levack in 2026 and support mid-term production planning at McCreedy West. The drilling efforts aim to expand resource potential and provide detailed data for future mining operations, potentially enhancing Magna’s industry positioning and offering significant implications for stakeholders.
Spark’s Take on TSE:NICU Stock
According to Spark, TipRanks’ AI Analyst, TSE:NICU is a Neutral.
Magna Mining’s overall stock score is primarily hindered by severe financial difficulties, including zero revenue and ongoing losses. However, recent positive corporate events, such as strategic acquisitions and financing, provide some optimism for future growth. The technical analysis shows moderate stability, but valuation concerns remain due to negative earnings and high volatility.
To see Spark’s full report on TSE:NICU stock, click here.
Magna Mining Inc. has announced several corporate updates, including the appointment of Tim Bradburn as Senior Vice President, General Counsel, and Corporate Secretary. The company is progressing with its asset acquisition from NorthX, targeting a closure in May 2025. Additionally, Magna is advancing its exploration program with encouraging results from the 2024 Crean Hill and Shakespeare diamond drilling programs, and ongoing drilling at the Levack Mine. The company has also granted stock options and restricted share units to officers and employees.
Spark’s Take on TSE:NICU Stock
According to Spark, TipRanks’ AI Analyst, TSE:NICU is a Neutral.
The overall stock score is driven by severe financial challenges, including zero revenue and ongoing losses, which are significant risks. Positive technical momentum and a strategic acquisition provide some optimism, but valuation concerns and high volatility remain key risks.
To see Spark’s full report on TSE:NICU stock, click here.
Magna Mining Inc. has announced promising assay results from its McCreedy West and Levack Mines, highlighting significant copper and PGE intersections. These results, including high-grade copper findings, support the company’s mid-term production planning and exploration efforts, potentially enhancing its operational capabilities and market positioning in the mining sector.
Magna Mining Inc. has successfully closed a $33.5 million private placement, consisting of unsecured convertible debentures and common shares. The proceeds will be used to advance the company’s Sudbury projects and for general corporate purposes. The offering, which involved several financial agents, also saw participation from Dundee Corporation, which subscribed for $8 million in convertible debentures, reinforcing its stake in Magna Mining.
Magna Mining has commenced diamond drilling at the Levack Mine following the completion of its acquisition of Sudbury Basin assets from KGHM. The company also reported promising 2024 drilling results from the McCreedy West Mine, indicating high-grade copper mineralization. These developments are part of Magna’s strategy to enhance resource potential and support its mine restart plans, which could significantly impact its operations and market positioning.
Magna Mining Inc. has completed the acquisition of a portfolio of base metals assets from KGHM International Ltd., including the McCreedy West copper mine and other past-producing mines in the Sudbury Basin. This strategic acquisition positions Magna as a significant player in the Canadian mining sector, enhancing its operational capacity and growth potential. The company has also assumed certain liabilities and entered a credit facility to support its expanded operations, indicating a robust plan for future development and stakeholder value creation.
Magna Mining Inc. has announced an increase in its private placement offering of unsecured convertible debentures from C$15 million to C$22 million. The company plans to utilize the proceeds to advance its Sudbury projects and for general corporate purposes, with the offering expected to close by February 27, 2025, pending regulatory approvals.
Magna Mining Inc. has announced a private placement offering to raise up to $25 million through unsecured convertible debentures and common shares. The funds will be used to advance its Sudbury projects and for general corporate purposes, potentially enhancing its market positioning and operational capabilities.