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

Rhea-AI Summary

Mandalay Resources Corporation (MNDJF) will release its Q1 2022 financial results on August 10, 2022, after market close. A conference call with CEO Dominic Duffy is scheduled for August 11, 2022, at 8:00 AM Toronto time for investors and analysts. The company focuses on growing production and reducing costs at its gold-antimony and gold mines in Australia and Sweden, and aims to generate positive cash flow. Current objectives include mining high-grade veins and increasing production from the Aurora zone to maximize profit margins.

Positive

• Focused on growing production at Costerfield and Björkdal mines.
• Aims to reduce costs for significant positive cash flow.
• Strategic objectives include continuing high-grade ore mining.

Negative

• None.

TORONTO, Aug. 08, 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 August 10, 2022, followed by a conference call with Dominic Duffy, President and Chief Executive Officer of Mandalay, for investors and analysts on August 11, 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):	877 407 8289
Conference ID:	13731674

A replay of the conference call will be available until 11:59 PM (Toronto time), August 25, 2022, and can be accessed using the following dial-in number:

Encore Toll Free Dial-in Number:	877 660 6853
Encore ID:	13731674

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 Q1 2022 financial results?

Mandalay Resources will release its Q1 2022 financial results after market close on August 10, 2022.

What time is the Mandalay Resources conference call for Q1 2022 results?

The conference call for Q1 2022 results is scheduled for August 11, 2022, at 8:00 AM Toronto time.

How can I access the Mandalay Resources conference call?

You can access the conference call using the toll-free participant number 877 407 8289 with Conference ID 13731674.

What are the main objectives of Mandalay Resources for its mines?

Mandalay Resources aims to mine high-grade ore and increase production from the Aurora zone to maximize profit margins.

What are Mandalay Resources' producing assets?

Mandalay Resources has producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine).