Mandalay Resources Corp. T.MND

Alternate Symbol(s): MNDJF

Metals & Mining Gold

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 Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for Costerfield. The Costerfield operation has a land package of approximately 1,219 hectares. 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 Bjorkdal mine produces ore from the Aurora zone underground mine, as well as from a stockpile of low-grade material accumulated over the course of its life of mine. The Bjorkdal operation has a land package of around 12,949 hectares. Its non-core properties include Lupin mines (Canada) and La Quebrada (Chile).

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Mandalay Resources Corp.

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Post by ganndolphon Nov 04, 2019 11:44pm

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Post# 30308434

Mandalay Resources Q3 2019 Financials Better than I thought

Bjorkdal is definitely the star of the show for Q3.

Positives:

Received $1643 USD/oz for Bjorkdal gold concentrates
Sold 1200 ounces of gold more than production for 13,000 ounces sold
Bjorkdal revenue increased to $21.7 million USD
Mining costs were down resulting in Bjorkdal making a $4 million USD profit for Q3
Consolidated net loss was only $1.4 million USD which is better than I thought

Should be an interesting cc tomorrow.