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. > Production and Sales Results for the Third Quarter of 2021

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Comment by ganndolph1on Nov 04, 2021 4:24pm

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Post# 34088783

RE:RE:RE:RE:Production and Sales Results for the Third Quarter of 2021

Nick2021,
Year to date gold production is 1000 ounces ahead of last year and on track for 3rd highest production number in last 20 years, so Bjorkdal is producing well based on the history of the mine.

Does management know the capacity of the mine--Yes.

But the issue is gold grade, and no they don't know the gold grade as well. Because that number is back calculated from the daily tailings grade, so they add the gold in the tailings to the gold produced in their 4 gold gravity products to calculate the head grade going into the process.

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