Mandalay Res Corp Stock Price, News & Analysis

Mandalay Resources (TSX: MND, OTCQB: MNDJF) has scheduled the release of its Q1 2025 financial results for May 07, 2025, after market close. The company will host a conference call and webcast for investors and analysts on May 08, 2025, at 10:00 AM Toronto time.

Mandalay is a Canadian natural resource company operating two producing assets: the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden. The company focuses on increasing production, reducing costs, and generating positive cash flow. At Costerfield, operations center on the high-grade Youle and Shepherd veins, while Björkdal aims to enhance production from the Eastern Extension and North Zone areas.

Alkane Resources and Mandalay Resources have announced a merger of equals, creating a diversified gold and antimony producer. The combined company will operate under Alkane Resources, maintaining ASX listing while seeking TSX listing. Mandalay shareholders will receive 7.875 Alkane shares for each Mandalay share, resulting in a 55%/45% ownership split between Mandalay and Alkane shareholders respectively.

The merged entity will operate three mines: Tomingley (Australia), Costerfield (Australia), and Björkdal (Sweden), with projected gold equivalent production of ~160,000 ounces in 2025, increasing to ~180,000 ounces in 2026. The combined company will have A$188 million cash balance and an implied market capitalization of A$1,013 million.

The transaction, expected to close in Q3 2025, requires 66.67% approval from Mandalay shareholders and majority approval from Alkane shareholders. The merged company will be led by Alkane's Managing Director Nic Earner, headquartered in Perth, Australia.

Mandalay Resources (MNDJF) reports Q1 2025 production of 22,342 gold equivalent ounces, aligning with their 2025 guidance of 85,000-95,000 ounces. The company's operations include:

• Costerfield: 9,549 gold ounces and 161 tonnes of antimony produced
• Björkdal: 10,827 gold ounces produced, marking two consecutive quarters of increased production

Total gold equivalent sales reached 25,779 ounces in Q1 2025. The company has allocated $43-48 million in sustaining capital for mining flexibility and growth. Production rates are expected to increase in H2 2025. Both sites are implementing optimization initiatives, with Costerfield expanding sensor technology and automation, while Björkdal continues to improve following its mill conversion project completion in late 2023.

Mandalay Resources (TSX: MND, OTCQB: MNDJF) has announced the filing of its Annual Information Form (AIF) and updated National Instrument 43-101 Technical Reports for its Björkdal gold mine in Sweden and Costerfield gold-antimony mine in Australia.

The technical reports, both dated March 28, 2025, with an effective date of December 31, 2024, were prepared by independent consultants. The Björkdal report was prepared by SLR Consulting, while the Costerfield report was prepared by SRK Consulting.

Mandalay's strategic focus includes:

• Growing production and reducing costs to generate significant positive cash flow
• At Costerfield: Mining high-grade Youle and Shepherd veins while expanding Resources & Reserves
• At Björkdal: Enhancing production from Eastern Extension and higher-margin zones like North Zone

Mandalay Resources reported record financial performance for 2024, with significant highlights including:

- Record revenue of $240.7M (39% increase from 2023)
- Free cash flow of $69.1M
- Cash balance increased to $76.4M from $26.9M
- Fully repaid $20M revolving credit facility
- Net income of $47.8M ($0.51 per share)

Q4 2024 performance showed:
- Revenue of $66.8M (32% increase from Q4 2023)
- Operating cash flow of $38.5M
- Net income of $20.7M ($0.22 per share)
- Consolidated cash operating cost of $1,085 per gold equivalent ounce

The company's 2025 guidance projects:
- Production of 85,000-95,000 gold equivalent ounces
- Cash cost of $1,200-$1,350 per gold equivalent ounce
- Planned investments of $43-48M in sustaining initiatives

Mandalay Resources (TSX: MND) has announced its participation in an upcoming live virtual corporate update hosted by Red Cloud Financial Services. The presentation is scheduled for January 15th, 2025, at 2:15 PM ET. Shareholders and interested parties are invited to attend the webinar, which will include a Q&A session moderated by Red Cloud following the presentation. The event will focus on Gold and Antimony commodities. A replay of the webinar will be made available to all registrants via email and on Red Cloud's website after the event.

Mandalay Resources (MNDJF) has announced a significant discovery at its Björkdal operation in Sweden - the North Zone Below Marble, a new underground mineral domain located 200 meters north of current operations. The discovery includes 18 interpreted veins over a 400m strike length and 250m height, with impressive gold intercepts including 178.9 g/t gold over 1.15m.

The company expects to include this discovery in a maiden Mineral Resource estimate in their year-end update (February 2025), potentially adding multiple years of mine life. Additional drilling success was reported in the Main Zone's Eastern Extension and Aurora Zone Extension, with notable intercepts of 115.8 g/t gold and 3.4 g/t gold respectively.

Mandalay Resources (TSX: MND, OTCQB: MNDJF) has announced its 2025 production and cost guidance. The company expects to achieve its 2024 guidance of 90,000-100,000 gold equivalent ounces and projects 2025 production of 85,000-95,000 gold equivalent ounces, including 76,500-85,000 ounces of gold and 1,050-1,150 tonnes of antimony.

The company forecasts 2025 cash costs of $1,200-$1,350 and all-in sustaining costs of $1,795-$1,975 per gold equivalent ounce. Planned sustaining capital expenditures total $43-$48 million, split between Costerfield ($18-$20 million) and Björkdal ($25-$28 million). Costerfield's 2025 production is expected at 43,000-48,000 gold equivalent ounces, with higher production anticipated in 2026.

Mandalay Resources reported strong Q3 2024 financial results with a 35% year-over-year revenue increase to $55.3 million. The company achieved a debt-free status with a cash balance of $54.7 million. Key highlights include $20.6 million in operating cash flow, consolidated net income of $5.4 million ($0.06 per share), and consolidated gold equivalent production of 20,323 ounces. Björkdal recorded its second-highest quarterly revenue of $28.0 million, while Costerfield generated $27.3 million. The company maintains its full-year guidance of 90,000-100,000 ounces despite Q3 being the lowest production quarter due to weather challenges at Björkdal and grade variability at Costerfield.