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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

Comment by Nick2021on Apr 18, 2023 6:13pm
120 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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