Mandalay Resources Corp. is pleased to provide its production and cost guidance for 2025, which reflects the Company's continued commitment to operational excellence, sustainable growth, and delivering value to shareholders. All currency references are in USD unless noted. Highlights: 2024 consolidated production remains within previous guidance of 90,000 - 100,000 gold equivalent ounces; 2025 consolidated production and [...]
Mandalay Resources Corp. is pleased to announce strong financial results for the third quarter ended September 30, 2024. The Company reported a robust 35% year-over-year increase in revenue to $55.3 million, along with meaningful improvements in net income and operating cash flow. The Company's condensed and consolidated interim financial result for the quarter ended September 30, 2024, together with its Management's [...]
Mandalay Resources Corp. announced today that its third quarter 2024 financial results will be released after market close on November 06, 2024, followed by a conference call and webcast with Frazer Bourchier, President and Chief Executive Officer of Mandalay, for investors and analysts on November 07, 2024, at 10:00 AM . You may join by using the following dial-in number: Participant Number : 1-888-510-2154 Conference [...]
Mandalay Resources Corp. is pleased to announce the appointment of John Jentz as an independent director of the Board of Directors , effective immediately. Mr. Jentz brings over 20 years of experience in mining operations, board governance and M&A investment banking. Among his significant contributions to the industry is his role in the growth of SEMAFO, a gold mining company that successfully acquired, developed, and [...]
Mandalay Resources Corp. announces third quarter production results, highlighted by continued cash generation. All currency references in this press release are in U.S. dollars except as otherwise indicated. Third Quarter Highlights: Quarter-end cash balance was $55 million; Consolidated gold equivalent production of 20,323 ounces; Consolidated gold equivalent sold was 21,551 ounces; and Outstanding balance of revolving [...]
Mandalay Resources Corp. is pleased to provide an update on drilling progress at its Costerfield operation in Victoria, Australia. New Drilling Highlights: Extension and Infill drilling on Shepherd and Kendall veining provides confidence on extension with intercepts including: 751.7 g/t gold and 1.8% antimony over 0.22 m in PD142; 291.3 g/t gold over 1.26 m in PD175; 547.3 g/t gold over 0.86 m in KD907; 107.0 g/t gold [...]
Mandalay Resources Corp. announces that Braam Jonker has resigned , as a member of the Board of Directors to focus on other endeavors. Amy Freedman will assume the role of Lead Independent Director and the Board will commence a search for a new Independent Director. Bradford Mills, Executive Chair, commented: "On behalf of Mandalay's Board, I want to express our appreciation to Braam for his years of dedicated service and [...]
Mandalay Resources Corp. is pleased to announce strong financial results for the second quarter ended June 30, 2024 supported by solid production results, disciplined capital allocation, and favorable metal prices. The Company's condensed and consolidated interim financial result for the quarter ended June 30, 2024, together with its Management's Discussion and Analysis for the corresponding period, can be accessed under [...]
Mandalay Resources Corp. announced today that its second quarter 2024 financial results will be released after market close on August 07, 2024, followed by a conference call and webcast with Frazer Bourchier, President and Chief Executive Officer of Mandalay, for investors and analysts on August 08, 2024, at 8:00 AM . You may join by using the following dial-in number: Participant Number : 1-800-836-8184 Conference ID [...]
Mandalay Resources Corp. announces strong second quarter production results, highlighted by continued cash generation and increased working capital. All currency references in this press release are in U.S. dollars except as otherwise indicated. Second Quarter Highlights: Quarter-end cash balance was $63 million, an increase of $16 million from the previous quarter; Consolidated gold equivalent production of 26,372 [...]
Mandalay Resources Corp. announces successful results from its regional target testing drill campaigns approximately 6 km to the southwest of the Björkdal Mine. This press release is the third and final in a series of updates on our recent regional exploration programs at Björkdal. Program Highlights: Drilled 26 holes and 6,295 meters of diamond drilling to test high priority regional targets near the Björkdal Mine [...]
Mandalay Resources Corp. is pleased to announce the results of its Annual General Meeting of Shareholders held today virtually. All the resolutions presented at the Meeting were approved by the shareholders, with the votes cast by proxy representing 39.14% of the total shares outstanding as of the record date. Election of Directors The number of directors was fixed at seven members and each of the seven nominees listed in [...]
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