MANDALAY RES CORP - $MNDJF STOCK NEWS

Welcome to our dedicated page for MANDALAY RES news (Ticker: $MNDJF), a resource for investors and traders seeking the latest updates and insights on MANDALAY RES stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MANDALAY RES's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MANDALAY RES's position in the market.

04/24/2024 07:30 AM

News

Mandalay Extends the Storheden Gold Deposit Adjacent to the Operating Björkdal Mine

Rhea-AI Summary

Mandalay Resources announced the expansion of the Storheden gold deposit near the Björkdal mine with high-grade gold intercepts. The company doubled the known system depth and secured a mining concession in 2018.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

-3.72%

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04/08/2024 04:30 PM

News

Mandalay Resources Corporation Announces Strong Production Results and Growing Cash Balance for First Quarter 2024

Rhea-AI Summary

Mandalay Resources reports strong first quarter production results with a significant increase in cash balance. Key highlights include a $20.2 million rise in cash balance, consolidated gold equivalent production of 24,936 ounces, and a positive outlook for meeting annual production targets. The company's Costerfield and Björkdal operations both showed notable production increases compared to the previous year, despite operational challenges. The quarter also saw a steady ramp-up in mill throughput rates at Björkdal.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

2.95%

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03/28/2024 04:45 PM

News

Mandalay Resources Corporation Announces Filing of Annual Information Form and Updated NI 43-101 Technical Report for its Costerfield Operation

Rhea-AI Summary

Mandalay Resources announces the filing of its Annual Information Form for 2023 and an updated NI 43-101 Technical Report for the Costerfield mine. The reports were prepared by reputable experts and can be accessed on the company's website and SEDAR.

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Rhea-AI Sentiment

End-of-Day

8.91%

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02/23/2024 07:00 AM

News

Mandalay Resources Announces Normal Course Issuer Bid

Rhea-AI Summary

Mandalay Resources Corporation has received approval from the Toronto Stock Exchange to initiate a normal course issuer bid for a portion of its common shares. The NCIB will be conducted in compliance with TSX regulations.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

0.92%

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02/22/2024 06:30 PM

News

Mandalay Resources Announces Financial Results for the Fourth Quarter and Full-Year 2023

Rhea-AI Summary

Mandalay Resources Corporation announces strong financial results for Q4 and full-year 2023, with consolidated revenue up 22% to $50.6 million in Q4 and $173.3 million for the year. Adjusted EBITDA increased by 15% to $23.1 million in Q4. The Company ended the year with $26.9 million in cash and a net cash position of $3.3 million. Despite increased costs, Mandalay remains focused on disciplined capital allocation and aims for sustainable growth in 2024.

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Rhea-AI Sentiment

End-of-Day

0.92%

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02/22/2024 07:00 AM

News

Mandalay Resources Provides 2023 Year-End Mineral Reserves and Resources Update for the Costerfield Mine, alongside an Interim Mineral Reserves Update for the Björkdal Mine

Rhea-AI Summary

Mandalay Resources Corporation releases updated Mineral Reserves and Resources for Costerfield and Björkdal mines in Australia and Sweden. Costerfield shows stable Mineral Resource replacement, while Björkdal sees an Interim Mineral Reserve update. Exploration efforts at Costerfield focus on the Shepherd discovery. Björkdal's Mineral Reserves estimate accounts for veining complexity.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

3.81%

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02/15/2024 07:54 AM

News

Mandalay Resources Provides Target Release Date for Fourth Quarter and Full-Year 2023 Financial Results and Conference Call

Rhea-AI Summary

Mandalay Resources Corporation will release its Q4 and full-year 2023 financial results on February 22, 2024, followed by a conference call with the CEO on February 23, 2024. Investors and analysts can join via dial-in or webcast.

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End-of-Day

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02/06/2024 07:00 AM

News

Mandalay Resources Announces Appointment of Hashim Ahmed as EVP and Chief Financial Officer

Rhea-AI Summary

Mandalay Resources Corporation appoints Hashim Ahmed as the new Executive Vice President and Chief Financial Officer, effective March 1, 2024. The company's current CFO, Nick Dwyer, resigned for personal reasons. The appointment is seen as a strategic move to steer the company's financial strategies and ensure continued financial success. Mr. Ahmed brings over 20 years of experience, with the past 15 years focused on the mining industry, and has held finance executive roles at Nova Royalty, Jaguar Mining, and Barrick Gold.

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End-of-Day

0.84%

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01/16/2024 05:15 PM

News

Mandalay Resources Achieves 2023 Production Guidance with a Strong Q4 and Provides Outlook for 2024

Rhea-AI Summary

Mandalay Resources Corporation announces its operating results for the fourth quarter and full-year 2023, with consolidated metal production at 89,809 gold equivalent ounces. The company provides production and cost guidance for 2024, aiming for an annual production profile of 90,000 – 100,000 gold equivalent ounces.

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End-of-Day

-- %

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11/08/2023 06:53 PM

News

Mandalay Resources Announces Financial Results for the Third Quarter 2023 and CFO Transition

Rhea-AI Summary

Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) announces Q3 2023 financial results, with $40.9 million revenue, $15.4 million adjusted EBITDA, and $4.1 million net income. Björkdal mine sees highest revenue since Q1 2022. Costerfield experiences improved gold head grades. Consolidated revenue down 11% from Q3 2022.

Rhea-AI Impact

Rhea-AI Sentiment

End-of-Day

4.5%

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