The system of partial differential equations governing the unsteady hydromagnetic boundary-layer flow along an electrically conducting cone embedded in porous medium in the presence of thermal buoyancy, magnetic field, heat source and sink effects are formulated. These equations are solved numerically by using an implicit Finite-Difference Method. The effects of the various parameters that are source/sink parameter, porous medium parameter, Prandtl number, mixed convection parameter and magnetic Prandtl number on the velocity, temperature profiles, transverse magnetic field are predicted. The effects of heat source and sink parameter on the time-mean value as well as on transient skin friction; heat transfer and current density rate are delineated especially in each plot. The extensive results reveal the existence of periodicity and show that periodicity becomes more distinctive for source and sink in the case of the electrically conducting cone. As the source and sink contrast increases, the periodic convective motion is invigorated to the amplitude and phase angle as reflect in the each plot. The dimensionless forms of the set of partial differential equations is transform into primitive form by using primitive variable formulation and then are solved numerically by using Finite Difference Scheme which has given in literature frequently. Physical interpretations of the overall flow and heat transfer along with current density are highlighted with detail in results and discussion section. The main novelty of the obtained numerical results is that first we retain numerical results for steady part and then used in unsteady part to obtain transient skin friction, rate of heat transfer and current density. The intensity of velocity profile is increased for increasing values of porosity parameter Ω, the temperature and mass concentration intensities are reduced due heat source effects.