Mandalay Resources Corp. is pleased to announce that it has entered into a credit agreement with The Bank of Nova Scotia providing for a senior secured revolving credit facility in an aggregate amount of up to US$35 million . The initial drawdown under the Revolving Credit Facility will be used to repay the Company's existing syndicated facility with HSBC Bank Canada and Macquarie Bank Limited which had US$32.6 million [...]
Mandalay Resources Corp. is pleased to announce its financial results for the third quarter ended September 30, 2022. The Company's condensed and consolidated interim financial results for the quarter ended September 30, 2022, together with its Management's Discussion and Analysis for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at [...]
Mandalay Resources Corp. today announced that its third quarter 2022 financial results will be released after market close on November 09, 2022, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay, for investors and analysts on November 10, 2022, 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 2022. Third Quarter Production Highlights: Consolidated saleable gold equivalent production and sales of 27,287 and 26,551 ounces respectively. Revised 2022 Guidance: Revised 2022 production guidance to 106,000 - 115,000 gold equivalent ounces, from 118,000 - 130,000; Cash and all-in sustaining cost guidance remains [...]
Mandalay Resources Corp. is pleased to provide an update on drilling progress at its Costerfield operation in Victoria, Australia. New Drilling Highlights: Shepherd infill drilling supports and extends high-grade veining to the north and extends and upgrades southern portion. 234.7 g/t gold over 4.17 m in BC262; 377.4 g/t gold over 0.54 m in BC371; Mineralization located 300 m to the south along trend of Shepherd and a [...]
Mandalay Resources is pleased to announce that yesterday it completed the previously announced definitive agreement with Aftermath Silver on November 12, 2019, in which Aftermath will acquire Minera Mandalay Challacollo Limitada, which currently owns the Challacollo silver-gold project located in Region of Chile. Pursuant to the terms of the transaction, Aftermath will purchase 100% of MMC in exchange for total [...]
Mandalay Resources is pleased to announce its financial results for the quarter ended June 30, 2022. The Company’s condensed and consolidated interim financial results for the quarter ended June 30, 2022, together with its MD&A for the corresponding period, can be accessed under the Company’s profile on sedar.com and on the Company’s website. Second Quarter 2022 Highlights: Strengthened balance sheet – an improved net [...]
Mandalay Resources announced that its first quarter 2022 financial results will be released after market close on August 10, 2022, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay, for investors and analysts on August 11, 2022, at 8:00 AM. Analysts and interested investors are invited to participate using the following dial-in numbers:
Mandalay Resources announced its production and sales results for the second quarter of 2022. Second Quarter Production Highlights: Consolidated saleable gold equivalent production and sales of 23,305 and 26,781 ounces respectively; and Costerfield achieves an average processing gold equivalent head grade¹ of 17.1 g/t, resulting in 14,989 gold equivalent ounces produced. Dominic Duffy, President and CEO of Mandalay [...]
Mandalay Resources is pleased to provide an update on the eastern extension drilling and significant intercepts from the North Zone drilling program at its Björkdal operation in Sweden. New Drilling Highlights: North Zone- 155.0 g/t gold over 0.80 m; 183.0 g/t gold over 0.45 m; and 64.8 g/t gold over 0.85 m in MU22-002. Extension Plunge Extension: 14.7 g/t gold over 4.10 m in MU21-009;
Mandalay Resources is pleased to provide a special update on the early success of the Robinson drilling campaign at its Costerfield Operation. Drilling has identified a potential offset to the historically producing Robinson Mine with an intercept of: 1,780 g/t gold over 0.17 m in RB007; and Visible gold seen in two other drill holes along trend and within two additional intercepts along a parallel trend beneath the [...]
Mandalay Resources 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 67.63% of the total shares outstanding as of the record date. The number of directors was fixed at seven members and each of the seven nominees listed in the Company’s Management [...]
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