PR Newswire
TORONTO, Dec. 19, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden, highlighting the discovery of North Zone Below Marble – a new underground mineral domain 200 meters ("m") north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal.
New Drilling Highlights:
North Zone Below Marble Discovery:Identified 18 interpreted veins over a 400 m strike length and 250 m in height, located approximately 200 m from current development.A maiden Mineral Resource estimate expected in Mandalay's year-end update (to be released February 2025), has the potential to add multiple years of mine life.Key intercepts include:178.9 g/t gold over 1.15 m (Estimated True Width "ETW" 0.94 m) and;39.6 g/t gold over 3.90 m (ETW 2.76 m) in MU24-010 and;69.4 g/t gold over 0.80 m (ETW 0.69 m) in MU24-024.Main Zone Infill Drilling:Continued success in Eastern Extension with intercepts:115.8 g/t gold over 1.85 m (ETW 1.60 m) in MU24-018 and;43.0 g/t gold over 1.55 m (ETW 1.34 m) in MU24-020.Aurora Zone Extension: Successful testing of a 200 m strike extension identified:3.4 g/t gold over 7.40 m (ETW 3.70 m) in MU24-004 and;3.9 g/t gold over 2.70 m (ETW 1.70 m) in MU24-001.TORONTO, Dec. 19, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden, highlighting the discovery of North Zone Below Marble – a new underground mineral domain 200 meters ("m") north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal.
New Drilling Highlights:
North Zone Below Marble Discovery:Identified 18 interpreted veins over a 400 m strike length and 250 m in height, located approximately 200 m from current development.A maiden Mineral Resource estimate expected in Mandalay's year-end update (to be released February 2025), has the potential to add multiple years of mine life.Key intercepts include:178.9 g/t gold over 1.15 m (Estimated True Width "ETW" 0.94 m) and;39.6 g/t gold over 3.90 m (ETW 2.76 m) in MU24-010 and;69.4 g/t gold over 0.80 m (ETW 0.69 m) in MU24-024.Main Zone Infill Drilling:Continued success in Eastern Extension with intercepts:115.8 g/t gold over 1.85 m (ETW 1.60 m) in MU24-018 and;43.0 g/t gold over 1.55 m (ETW 1.34 m) in MU24-020.Aurora Zone Extension: Successful testing of a 200 m strike extension identified:3.4 g/t gold over 7.40 m (ETW 3.70 m) in MU24-004 and;3.9 g/t gold over 2.70 m (ETW 1.70 m) in MU24-001.TORONTO, Dec. 19, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden, highlighting the discovery of North Zone Below Marble – a new underground mineral domain 200 meters ("m") north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal.
New Drilling Highlights:
North Zone Below Marble Discovery:Identified 18 interpreted veins over a 400 m strike length and 250 m in height, located approximately 200 m from current development.A maiden Mineral Resource estimate expected in Mandalay's year-end update (to be released February 2025), has the potential to add multiple years of mine life.Key intercepts include:178.9 g/t gold over 1.15 m (Estimated True Width "ETW" 0.94 m) and;39.6 g/t gold over 3.90 m (ETW 2.76 m) in MU24-010 and;69.4 g/t gold over 0.80 m (ETW 0.69 m) in MU24-024.Main Zone Infill Drilling:Continued success in Eastern Extension with intercepts:115.8 g/t gold over 1.85 m (ETW 1.60 m) in MU24-018 and;43.0 g/t gold over 1.55 m (ETW 1.34 m) in MU24-020.Aurora Zone Extension: Successful testing of a 200 m strike extension identified:3.4 g/t gold over 7.40 m (ETW 3.70 m) in MU24-004 and;3.9 g/t gold over 2.70 m (ETW 1.70 m) in MU24-001.TORONTO, Dec. 17, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide its production and cost guidance for 2025, which reflects the Company's continued commitment to operational excellence, sustainable growth, and delivering value to shareholders. All currency references are in USD unless noted.
Highlights:
2024 consolidated production remains within previous guidance of 90,000 – 100,000 gold equivalent ounces;2025 consolidated production and cost guidance: Annual production of 85,000 – 95,000 gold equivalent ounces; Gold: 76,500 – 85,000 ounces;Antimony: 1,050 – 1,150 tonnes;Cash cost and all-in sustaining cost1 of $1,200 – $1,350 and $1,795 – $1,975 per gold equivalent ounce, respectively;Sustaining capital expenditures of $43 – $48 million;Costerfield: $18 – $20 million; andBjörkdal: $25 – $28 million.TORONTO, Dec. 17, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide its production and cost guidance for 2025, which reflects the Company's continued commitment to operational excellence, sustainable growth, and delivering value to shareholders. All currency references are in USD unless noted.
Highlights:
2024 consolidated production remains within previous guidance of 90,000 – 100,000 gold equivalent ounces;2025 consolidated production and cost guidance: Annual production of 85,000 – 95,000 gold equivalent ounces; Gold: 76,500 – 85,000 ounces;Antimony: 1,050 – 1,150 tonnes;Cash cost and all-in sustaining cost1 of $1,200 – $1,350 and $1,795 – $1,975 per gold equivalent ounce, respectively;Sustaining capital expenditures of $43 – $48 million;Costerfield: $18 – $20 million; andBjörkdal: $25 – $28 million.TORONTO, Dec. 17, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide its production and cost guidance for 2025, which reflects the Company's continued commitment to operational excellence, sustainable growth, and delivering value to shareholders. All currency references are in USD unless noted.
Highlights:
2024 consolidated production remains within previous guidance of 90,000 – 100,000 gold equivalent ounces;2025 consolidated production and cost guidance: Annual production of 85,000 – 95,000 gold equivalent ounces; Gold: 76,500 – 85,000 ounces;Antimony: 1,050 – 1,150 tonnes;Cash cost and all-in sustaining cost1 of $1,200 – $1,350 and $1,795 – $1,975 per gold equivalent ounce, respectively;Sustaining capital expenditures of $43 – $48 million;Costerfield: $18 – $20 million; andBjörkdal: $25 – $28 million.
TORONTO, Nov. 6, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce strong financial results for the third quarter ended September 30, 2024. The Company reported a robust 35% year-over-year increase in revenue to $55.3 million, along with meaningful improvements in net income and operating cash flow.
The Company's condensed and consolidated interim financial result for the quarter ended September 30, 2024, together with its Management's Discussion and Analysis ("MD&A") for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated.
TORONTO, Nov. 6, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce strong financial results for the third quarter ended September 30, 2024. The Company reported a robust 35% year-over-year increase in revenue to $55.3 million, along with meaningful improvements in net income and operating cash flow.
The Company's condensed and consolidated interim financial result for the quarter ended September 30, 2024, together with its Management's Discussion and Analysis ("MD&A") for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated.
TORONTO, Nov. 6, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce strong financial results for the third quarter ended September 30, 2024. The Company reported a robust 35% year-over-year increase in revenue to $55.3 million, along with meaningful improvements in net income and operating cash flow.
The Company's condensed and consolidated interim financial result for the quarter ended September 30, 2024, together with its Management's Discussion and Analysis ("MD&A") for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated.
TORONTO, Nov. 4, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) announced today that its third quarter 2024 financial results will be released after market close on November 06, 2024, followed by a conference call and webcast with Frazer Bourchier, President and Chief Executive Officer of Mandalay, for investors and analysts on November 07, 2024, at 10:00 AM (Toronto time). You may join by using the following dial-in number:
Participant Number (North America toll free): 1-888-510-2154Conference ID: 13145
TORONTO, Nov. 4, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) announced today that its third quarter 2024 financial results will be released after market close on November 06, 2024, followed by a conference call and webcast with Frazer Bourchier, President and Chief Executive Officer of Mandalay, for investors and analysts on November 07, 2024, at 10:00 AM (Toronto time). You may join by using the following dial-in number:
TORONTO, Nov. 4, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) announced today that its third quarter 2024 financial results will be released after market close on November 06, 2024, followed by a conference call and webcast with Frazer Bourchier, President and Chief Executive Officer of Mandalay, for investors and analysts on November 07, 2024, at 10:00 AM (Toronto time). You may join by using the following dial-in number:
TORONTO, Oct. 15, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce the appointment of John Jentz as an independent director of the Board of Directors (the "Board"), effective immediately.
Mr. Jentz brings over 20 years of experience in mining operations, board governance and M&A investment banking. Among his significant contributions to the industry is his role in the growth of SEMAFO, a gold mining company that successfully acquired, developed, and operated four mines, leading to its eventual C$1 billion sale. Mr. Jentz holds an HBSc degree from the University of Western Ontario, an MBA from McMaster University, and is Chartered Professional Accountant (CPA).
TORONTO, Oct. 15, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce the appointment of John Jentz as an independent director of the Board of Directors (the "Board"), effective immediately.
Mr. Jentz brings over 20 years of experience in mining operations, board governance and M&A investment banking. Among his significant contributions to the industry is his role in the growth of SEMAFO, a gold mining company that successfully acquired, developed, and operated four mines, leading to its eventual C$1 billion sale. Mr. Jentz holds an HBSc degree from the University of Western Ontario, an MBA from McMaster University, and is Chartered Professional Accountant (CPA).
TORONTO, Oct. 15, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce the appointment of John Jentz as an independent director of the Board of Directors (the "Board"), effective immediately.
Mr. Jentz brings over 20 years of experience in mining operations, board governance and M&A investment banking. Among his significant contributions to the industry is his role in the growth of SEMAFO, a gold mining company that successfully acquired, developed, and operated four mines, leading to its eventual C$1 billion sale. Mr. Jentz holds an HBSc degree from the University of Western Ontario, an MBA from McMaster University, and is Chartered Professional Accountant (CPA).
TORONTO, Oct. 10, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces third quarter production results, highlighted by continued cash generation. All currency references in this press release are in U.S. dollars except as otherwise indicated.
Third Quarter Highlights:
Quarter-end cash balance was $55 million;Consolidated gold equivalent production of 20,323 ounces;Consolidated gold equivalent sold was 21,551 ounces; andOutstanding balance of revolving credit facility repaid in full.
TORONTO, Oct. 10, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces third quarter production results, highlighted by continued cash generation. All currency references in this press release are in U.S. dollars except as otherwise indicated.
Third Quarter Highlights:
Quarter-end cash balance was $55 million;Consolidated gold equivalent production of 20,323 ounces;Consolidated gold equivalent sold was 21,551 ounces; andOutstanding balance of revolving credit facility repaid in full.
TORONTO, Oct. 10, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) announces third quarter production results, highlighted by continued cash generation. All currency references in this press release are in U.S. dollars except as otherwise indicated.
Third Quarter Highlights:
Quarter-end cash balance was $55 million;Consolidated gold equivalent production of 20,323 ounces;Consolidated gold equivalent sold was 21,551 ounces; andOutstanding balance of revolving credit facility repaid in full.TORONTO, Sept. 10, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on drilling progress at its Costerfield operation in Victoria, Australia.
New Drilling Highlights:
Extension and Infill drilling on Shepherd and Kendall veining provides confidence on extension with intercepts including: 751.7 g/t gold and 1.8% antimony over 0.22 m (ETW 0.21 m) in PD142;291.3 g/t gold over 1.26 m (ETW 0.53 m) in PD175;547.3 g/t gold over 0.86 m (ETW 0.75 m) in KD907;107.0 g/t gold over 0.55 m (ETW 0.40 m) in PD114 and;33.4 g/t gold and 31.4% antimony over 1.00 m (ETW 0.67 m) in BC399Drilling under Cuffley to the south of Costerfield indicates an exciting emerging area: 550.0 g/t gold over 0.15 m (ETW 0.12 m) in AD213 and;58.4 g/t gold and 17.6% antimony over 0.77 m (ETW 0.55 m) in AD203Drilling to the north of Cuffley also intercepts high-grade mineralization and a possible extension of the Cuffley system:17.1 g/t gold and 0.3% antimony over 1.20 m (ETW 1.12 m) in CB001 and;4.0 g/t gold and 20.2% antimony over 0.45 m (ETW 0.34 m) in TP021TORONTO, Sept. 10, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on drilling progress at its Costerfield operation in Victoria, Australia.
New Drilling Highlights:
Extension and Infill drilling on Shepherd and Kendall veining provides confidence on extension with intercepts including: 751.7 g/t gold and 1.8% antimony over 0.22 m (ETW 0.21 m) in PD142;291.3 g/t gold over 1.26 m (ETW 0.53 m) in PD175;547.3 g/t gold over 0.86 m (ETW 0.75 m) in KD907;107.0 g/t gold over 0.55 m (ETW 0.40 m) in PD114 and;33.4 g/t gold and 31.4% antimony over 1.00 m (ETW 0.67 m) in BC399Drilling under Cuffley to the south of Costerfield indicates an exciting emerging area: 550.0 g/t gold over 0.15 m (ETW 0.12 m) in AD213 and;58.4 g/t gold and 17.6% antimony over 0.77 m (ETW 0.55 m) in AD203Drilling to the north of Cuffley also intercepts high-grade mineralization and a possible extension of the Cuffley system:17.1 g/t gold and 0.3% antimony over 1.20 m (ETW 1.12 m) in CB001 and;4.0 g/t gold and 20.2% antimony over 0.45 m (ETW 0.34 m) in TP021The information provided here is not subject to any editorial processing. It is prepared fully automatically and enriched with additional information and further research options. The aim of the content is to provide information seekers with the relevant information quickly and easily. A link back to the information provider and owner ensures that the data prepared here can be compared with the source information if required. The newsboard does not show information in real time. Please contact the exchange operator for this information if required. There is no claim to completeness. High availability cannot be guaranteed. If you notice any errors in the functionality, please let us know using the "Report a Bug" form below.
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