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 Corporation (MNDJF) operates high-grade gold and antimony mines across premier mining jurisdictions. This dedicated news hub provides investors with essential updates on operational milestones, exploration progress, and corporate developments from the Canadian-based natural resource producer.
Access authoritative reporting on quarterly production results, technical drilling updates, and strategic initiatives at the Costerfield and Björkdal mines. Our curated collection features official press releases covering reserve expansions, cost optimization measures, and safety achievements – all critical factors for evaluating the company's performance.
Key updates include detailed analyses of:
• Quarterly production reports
• Near-mine exploration results
• Operational efficiency improvements
• Technical compliance updates
• Corporate governance announcements
Bookmark this page for direct access to Mandalay Resources' verified disclosures, maintained to support informed investment decisions. Regular updates ensure you stay current with the company's progress in gold-antimony production and resource expansion strategies.
Mandalay Resources announced significant progress in its regional exploration program at the Björkdal Norrberget gold deposit, extending the deposit by approximately 120 meters or 80%. Notable assay results include 13.3 g/t gold over 5.55 meters and 17.5 g/t gold over 1.50 meters at Norrberget, and 17.2 g/t gold over 1.30 meters and 12.1 g/t gold over 1.40 meters at the Vidmyran target located nearby. The company aims to further investigate the strong growth potential in the Norrberget deposit with more drilling planned from spring to summer 2024. This program highlights the potential for resource growth within Mandalay's tenement holdings.
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.
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