Mandalay Resources Corp.

TORONTO, Sept. 29, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND), announced today that it is moving to care and maintenance status at its Cerro Bayo operations effective today.  Mine production there has been suspended since the June 9, 2017 inundation of the Delia NW mine. In the transition to care and maintenance, the workforce is being substantially reduced in order to [...]

TORONTO, Aug. 10, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) today announced revenue of $44.1 million, adjusted EBITDA of $12.1 million and consolidated net loss of $10.1 million, or $0.02 loss per share, for the second quarter of 2017. The Company’s condensed and consolidated interim financial results for the quarter ended June 30, 2017, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.mandalay... [...]

TORONTO, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or "the Company") (TSX:MND) today announced that its second quarter 2017 financial results will be released after market close on August 10, 2017, followed by a conference call with Mark Sander, President and Chief Executive Officer of Mandalay, for investors and analysts on August 11, 2017 at 8:00 am (Toronto time). Analysts and interested [...]

TORONTO, July 25, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) announced today that it has entered into a senior secured revolving credit facility with HSBC Bank Canada for up to US$40 million (the “Facility”). The Facility matures on July 24, 2020. Proceeds from the Facility will be used for working capital, capital expenditures, permitted acquisitions and other [...]

TORONTO, July 24, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) is pleased to provide exploration updates for the first half of 2017 for two of its producing properties, Björkdal (Sweden) and Costerfield (Australia), and its Challacollo (Chile) development project.    This press release refers to tables and figures. Accompanying tables can be found at the end of this press release, whereas the figures accompanying this release can be found in an exploration presentation posted on the Company's website that can be accessed at: http://www.mandalayresources.com/investor-presentations/#Technical_Presentations Dr. Mark Sander, President and CEO of Mandal... [...]

Mandalay Resources announced today its production and sales results for the second quarter of 2017. In the second quarter of 2017, Mandalay produced a consolidated 38,491 saleable ounces of gold equivalent and sold 35,709 ounces of gold equivalent. This was the highest quarterly consolidated gold equivalent production since the second quarter of 2016, with strong performance at Björkdal and Costerfield offsetting the impact of curtailment at Cerro Bayo as of June 9, in response to the flooding incident in the Delia NW mine. For the six months ended June 2017, Mandalay produced 70,972 saleable ounces of gold equivalent and sold 70,5... [...]

TORONTO, June 30, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" of the "Company") (TSX:MND) announced today that Compañia Minera Cerro Bayo, a subsidiary of the Company, has commenced giving notice of force majeure to the primary customers, suppliers and contractors of its Cerro Bayo mine. This notice suspends Cerro Bayo's obligations under contracts with these parties due to the flooding of the Delia NW mine on June 9, 2017. Mandalay is also initiating consultations with its unions about the potential impacts on employees during this period of suspended production. Mandalay has initiated an independent technical investigation into the flooding of the Delia NW mine, as ... [...]

TORONTO, June 27, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) regretfully announces that efforts to search for and locate the two Mandalay employees working in the flooded Delia NW mine at the Company's Cerro Bayo operation have been unsuccessful. The Chilean Office of Exception State has ruled out the possibility of finding the two miners, Jorge Sanchez and Enrique Ojeda [...]

TORONTO, June 20, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) is providing an update and further information on the flooding at the Cerro Bayo operation that was originally announced on June 9, 2017, and updated on June 14, 2017. On June 9, 2017, between 3:00 a.m. and 4:00 a.m. local time, a catastrophic inundation event occurred in the Delia NW mine, one of three producing [...]

TORONTO, June 14, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) is providing an update on the flooding event at the Cerro Bayo mine that was originally announced on June 9, 2017. Extended families of the two missing miners have been gathered at a comfort center in the nearby town of Chile Chico, where they receive support and at least once daily briefings on progress of the [...]