8/13/2026

speaker
Elliot
Operator

Good day, and thank you for standing by. Welcome to the Magna Mining Inc. Q2 conference call and webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker today, Greg Huffman, SVP Capital Markets. Please go ahead.

speaker
Greg Huffman
SVP Capital Markets

Thank you, Elliot, and good morning, everyone. Before getting started, I'd like to mention that we will be making forward-looking statements or provide forward-looking information on this call in accordance with the applicable securities laws. Please review the press release announcing our Q2 2026 operating financial results for cautionary language regarding the use and reliance on forward-looking statements and for the risk factors applicable to such forward-looking statements that could cause actual results to be materially different from those expressed or implied by such statements. Any scientific or technical commentary on this call has been reviewed and approved by David King, our SVP Exploration and Geoscience, who is a qualified person under National Instruments 43-101. With respect to non-IFRS performance measures that are referred to on this call, Please refer to the reconciliation to measures of performance prepared in accordance with IFRS accounting standards in the company's most recently filed MD&A. All figures are in Canadian dollars unless otherwise noted. Our press release, MD&A, and financial statements are available on CDAR Plus and our corporate website. With us today are CEO, Jason Jessup, COO, Jeff Huffman, CFO, Scott Gilbert, EVP, Paul Fowler, SVP Exploration and Geoscience, Dave King, and General Counsel, Tim Bradburn. Following formal remarks from management, we will open the lines for further questions. I would now like to introduce Magnet Mining CEO, Jason Jessup, to comment on the quarterly results. Jason?

speaker
Jason Jessup
CEO

Thanks, Greg. During the second quarter of 2026, our team at the McCready West mine safely mined and shipped a record 98,446 short tons from the 700-foot wall copper zone producing 4.5 million copper equivalent payable pounds, in line with our forecast. I am proud to report that in June 2026, McCready West Mine achieved a significant milestone by completing one year without a recordable injury. This performance is a testament to the leadership, commitment, and accountability we continue to see across the organization and reflects the strong operating culture we've established at Magna. I would now like to hand over to our Chief Financial Officer, Scott Gilbert, to present an overview of our financial performance in Q2.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

-

-