Sudbury Mine Project Greenlit
A major new mining development just got the green light in Ontario's Sudbury Basin.
What the video says
A $127 million Ontario mine project was just greenlit. Magna Mining's board of directors approved the development of the Crean Hill Mine in Sudbury.
A pre-feasibility study outlines an after-tax net present value of $251 million. The project report projects an internal rate of return of 43%.
This adds another active development alongside the company's operating MacReady West mine in the region. Formal construction for the Greenhill project starts in the first half of 2027.
