Mandalay Resources Provides Target Release Date for First Quarter 2022 Financial Results and Conference Call

Rhea-AI Summary

Mandalay Resources Corporation announced it will release its first quarter 2022 financial results after market close on May 11, 2022. A conference call featuring CEO Dominic Duffy will follow on May 12, 2022, at 8:00 AM (Toronto time). Interested parties can access the call using provided toll-free and local dial-in numbers. The company operates the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden, focusing on increasing production and reducing costs. Mandalay aims to enhance shareholder value through efficient operations and exploration.

Positive

• Company plans to release Q1 2022 financial results, indicating transparency.
• Focus on growing production and reducing costs to generate positive cash flow.
• Continued commitment to safety and environmental responsibility.
• Ongoing exploration programs at Costerfield and Björkdal mines to enhance shareholder value.

Negative

• None.

TORONTO, May 09, 2022 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (“Mandalay” or “the Company”) (TSX: MND, OTCQB: MNDJF) today announced that its first quarter 2022 financial results will be released after market close on May 11, 2022, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay, for investors and analysts on May 12, 2022, at 8:00 AM (Toronto time).

Analysts and interested investors are invited to participate using the following dial-in numbers:

Participant Number (Toll free):	877 412 4895
Participant Number:	312 281 1211
Conference ID:	13729994

A replay of the conference call will be available until 11:59 PM (Toronto time), May 26, 2022, and can be accessed using the following dial-in number:

Encore Toll Free Dial-in Number:	877 660 6853
Encore ID:	13729994

For Further Information:

Dominic Duffy
President and Chief Executive Officer

Edison Nguyen
Director, Business Valuations and Investor Relations

Contact:
647.260.1566 ext. 1

About Mandalay Resources Corporation:

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). The Company is focused on growing its production and reducing costs to generate significant positive cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement.

Mandalay’s mission is to create shareholder value through the profitable operation and continuing the regional exploration program, at both its Costerfield and Björkdal mines. Currently, the Company’s main objectives are to continue mining the high-grade Youle vein at Costerfield, bring online the deeper Shepherd veins, both of which will continue to supply high-grade ore to the processing plant, and to extend Youle Mineral Reserves. At Björkdal, the Company will aim to increase production from the Aurora zone and other higher-grade areas in the coming years, in order to maximize profit margins from the mine.

 

FAQ

When will Mandalay Resources release its first quarter 2022 financial results?

Mandalay Resources will release its Q1 2022 financial results after market close on May 11, 2022.

What time is the Mandalay Resources conference call regarding their financial results?

The conference call will take place on May 12, 2022, at 8:00 AM (Toronto time).

How can I participate in the Mandalay Resources conference call?

Participants can join the conference call using the toll-free number 877 412 4895 or the local number 312 281 1211.

What are the main objectives for Mandalay Resources in 2022?

Mandalay's objectives include increasing production from high-grade areas at both the Costerfield and Björkdal mines.