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. > Strong Second Quarter 2024 Production and Cash Generation

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Comment by the_ocotilloon Jul 11, 2024 1:08pm

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Post# 36128618

RE:RE:Strong Second Quarter 2024 Production and Cash Generation

I could be wrong but I remember reading in the 1Q MDA that they were "rolling forward" the April, May, and June gold derivative contracts to the 1Q of 2025. That is 7,500 ounces of gold that they were able to realize this quarter at market prices which will be a huge help when they release the earnings for this quarter. Wish they never would have entered into stupid hedging but they might be trying to curry favor with financial people for their M&A nonsense. I probably have it all wrong.

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