Mandalay Resources Corp. is pleased to provide an exploration update from recent diamond drilling on the emerging Youle deposit at its Costerfield operation in Victoria, Australia, as well as initial diamond drilling on the newly discovered Aurora deposit at its Björkdal operation in Sweden. Longitudinal Section and Plan Section of Youle Illustrating Location of Recent Intercepts Schematic Cross Section at 7050N Plan [...]
This is a correction to a release issued earlier today under the same headline. Corrections have been made to the Operational Summary table. The corrected release follows: Mandalay Resources Corp. today announced quarterly revenue of $21.8 million, adjusted EBITDA of negative $0.6 million and a consolidated net loss of $7.5 million for the third quarter of 2018. The Company’s condensed and consolidated interim [...]
Mandalay Resources Corp. today announced quarterly revenue of $21.8 million, adjusted EBITDA of negative $0.6 million and a consolidated net loss of $7.5 million for the third quarter of 2018. The Company’s condensed and consolidated interim financial results for the quarter ended September 30, 2018, together with its Management’s Discussion and Analysis for the corresponding period, can be accessed under the [...]
Mandalay Resources Corp. today announced that its third quarter 2018 financial results will be released after market close on November 7, 2018, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay, for investors and analysts on November 8, 2018 at 8:00 am . Analysts and interested investors are invited to participate using the following dial-in numbers: Participant Number [...]
Mandalay Resources Corp. announced today its production and sales results for the third quarter of 2018. Mandalay produced a consolidated 16,874 saleable ounces of gold equivalent and sold 18,450 ounces of gold equivalent in the third quarter of 2018. Dominic Duffy, President and Chief Executive Officer of Mandalay, commented, “The third quarter of 2018 was lower than as expected, however the Company expects to see [...]
Mandalay Resources Corp. announced today the following changes to its management team: Nick Dwyer to serve as Chief Financial Officer of the Company. Mr. Dwyer was previously the Group Financial Controller at Mandalay. Mr. Dwyer will replace Sanjay Swarup, who announced his resignation effective immediately, to pursue other interests. The Company is combining the Group Financial Controller and CFO positions. Ryan [...]
Mandalay Resources Corp. today announced revenue of $27.9 million, adjusted EBITDA of $3.6 million and an adjusted net loss of $3.7 million for the second quarter of 2018. The Company’s condensed and consolidated interim financial results for the quarter ended June 30, 2018, together with its Management’s Discussion and Analysis for the corresponding period, can be accessed under the Company’s profile on [...]
Mandalay Resources Corp. today announced that its second quarter 2018 financial results will be released after market close on August 8, 2018. For Further Information: Dominic Duffy President and Chief Executive Officer Greg DiTomaso Director of Investor Relations Contact: 647.260.1566 About Mandalay Resources Corporation: Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia [...]
TORONTO, Aug. 01, 2018 -- Mandalay Resources Corp. is pleased to announce that it has entered into a non-binding letter of intent with Aftermath Silver , pursuant to which Aftermath will acquire Minera Mandalay Challacollo Limitada , which currently owns the Challacollo silver-gold project located in Region I of Chile , in exchange for total consideration of CAD$11,625,000 . Dominic Duffy, President and Chief Executive [...]
TORONTO, June 27, 2018 -- Mandalay Resources Corp. is pleased to provide an exploration update from recent diamond drilling on the emerging Youle vein at its Costerfield operation in Victoria, Australia. The most recent drilling results from the Youle vein since Mandalay's press release of April 3, 2018 further demonstrate that mineralization of the vein system remains continuous at depth. The currently known strike of [...]
TORONTO, May 16, 2018 -- Mandalay Resources Corp. is pleased to announce the results of its Annual General and Special Meeting of Shareholders held today in Toronto, Ontario. All of the resolutions presented at the meeting were approved by the shareholders, with the votes cast by proxy representing 79.15% of the total shares outstanding as of the proxy cut-off date, May 14, 2018. Election of Directors As announced on May [...]
TORONTO, May 14, 2018 -- Mandalay Resources Corp. today announced changes to its Board of Directors and senior executive team. Effective immediately, Dr. Mark Sander has resigned as President, Chief Executive Officer and Director of Mandalay. Replacing Dr. Sander as President and Chief Executive Officer is Dominic Duffy, currently Chief Operating Officer of Mandalay. Dr. Sander is withdrawing his nomination for election [...]