This paper investigates the heat and mass transfer under magnetohydrodynamic mixed convection flow of a binary gas mixture in a four‐sided lid‐driven square cavity. The enclosure's left wall is sinusoidally heated and acts as a source term, while the right wall functions as a sink. The cavity's horizontal walls are adiabatic and impermeable to mass transfer. The governing equations under Boussinesq approximation and stream function‐vorticity formulation are solved using the alternating‐direction‐implicit scheme, a finite‐difference method. The numerical scheme's consistency and stability are demonstrated using the matrix method. The MATLAB code is written, validated against some existing studies, and used to perform numerical simulations. The numerical solutions are graphically examined by visualizing the streamline, isotherm, and concentration contours for nondimensional parameters, such as Hartmann number , heat absorption or generation coefficient , Richardson number , and buoyancy ratio . The magnetic field modifies the temperature and concentration distribution in the cavity, depending on the convection mode. The magnetic field forces the fluid to stagnate in different regions of the cavity, depending on the mode of convection. It was found that the difference between the maximum and minimum temperature and concentration at the cavity's midpoint increases up to 13 and 10 times, respectively, in the natural convection compared with the forced convection. The average Nusselt number on the vertical walls of the cavity is maximum in natural convection in the absence of a magnetic field but reaches a minimum value at in forced and mixed convection. The average Sherwood number on the cavity's vertical walls decreases with the magnetic field in mixed and natural convection.