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.
Mandalay Resources Corp. reports news on gold mining operations, near-mine exploration, and corporate actions tied to its public-company status. Company updates commonly focus on the Costerfield gold-antimony mine in Australia, including the True Blue and Brunswick South areas, and the Björkdal mine in Sweden, including the Lake Zone Skarn, North Zone, and Main Zone exploration areas.
Recurring developments include drilling results, resource-growth work near existing mine infrastructure, operating and financial results, material agreements, shareholder voting matters, governance updates, and capital-structure disclosures.
Mandalay Resources Corporation has announced preliminary results from its exploration at the Youle deposit in Costerfield, Australia. The initial intercepts revealed significant gold grades: 460.5 g/t over a width of 0.11 m from drill hole BC176 and 165.1 g/t over 0.20 m from the confirmatory wedge hole BC176W1. This discovery, approximately 90 meters below previous drilling, suggests a new mineralized structure. CEO Dominic Duffy expressed excitement over the findings, emphasizing their importance for the company's ongoing exploration efforts in 2021.
Mandalay Resources Corporation (MNDJF) reported strong Q3 2020 performance, producing 22,793 saleable gold ounces, the highest since Q4 2017, and 26,001 ounces of gold equivalent sold, the best since Q1 2018. Production at Costerfield reached 14,620 saleable gold equivalent ounces, a significant improvement driven by enhanced gold grades. Björkdal produced 11,044 saleable gold ounces, though below forecast due to dilution. The company anticipates meeting or exceeding its 2020 production guidance while increasing exploration spend by $1 million at Costerfield.