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Mandalay Resources Corp. T.MND

Alternate Symbol(s):  MNDJF

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Company’s operations include the Costerfield mine, Bjorkdal mine, and non-core operations. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers (km) northeast of the town of Heathcote, Victoria. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Company’s non-core properties include La Quebrada and Lupin. The Company's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.


TSX:MND - Post by User

Comment by Nick2021on Apr 18, 2023 6:13pm
98 Views
Post# 35401804

RE:RE:Awful production report

RE:RE:Awful production reportAnd this applies to Bjorkdal guidance, too.  Bjorkdal produced -- 9000 Au oz -- this quarter.  That's yearly production of 36,000 (not even that, really, since they were a bit under). 

What's 2023 guidance?  49,000 - 54,000.  Keep this up, and they'll miss the low end by 13,000 ounces.  To hit guidance, they have to produce 13,400 ounces per quarter for Q2, Q3, and Q4.  Does anyone remember the last time Bjorkdal hit that even once?

If anyone from the company is reading this, I have a suggestion -- restate guidance now.  It does NOT increase confidence when your quarterly production reports are consistently low, all year, but you keep announcing that something great is going to make it up, and then in November of Q4 you suddenly revise guidance much lower.  
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