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Mandalay Resources reported strong first-quarter financial results for 2024, with significant revenue growth, improved cash position, and enhanced cost efficiency. The company saw a 32% increase in consolidated revenue, reaching $55.5 million, along with a consolidated net income of $5.9 million. Costs per gold equivalent ounce produced decreased, contributing to a healthy balance sheet and increased cash flow. Both Björkdal and Costerfield mines performed well, achieving record quarterly revenues. The company remains committed to disciplined capital allocation and exploration spending to drive future growth.
Mandalay Resources announced the release date for its first quarter 2024 financial results and a conference call with the CEO. The financial results will be released on May 08, 2024, with the conference call on May 09, 2024. Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden, focusing on growing production and reducing costs to generate positive cashflow.
