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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 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).


TSX:MND - Post by User

Post by Nick2021on Sep 29, 2021 9:55pm
288 Views
Post# 33941827

Bjorkdal underperforming

Bjorkdal underperformingAnd while I'm at it, guidance for Bjorkdal this year is 52,000 to 57,000 AU ounces.  So far this year, Bjorkdal has produced 11,855 oz in the first quarter, and 10,941 in the second quarter (22,796 total).  To his the bottom end of their guidance, Bjorkdal would have to produce almost 15,000 ounces in both Q3 and Q4.  The highest number the mine has produced in the last 6 quarters is 12,252.

Right now MND is set to hit the midpoint of its total guidance, but this is because Costerfield is performing right at its upper margin, and they have some reclaimed ounces from Cerro Bayo that aren't included in guidance at all.  The production increase that they anticipated from Bjorkdal has not happened.
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