Welcome to our dedicated page for MANDALAY RES news (Ticker: MNDJF), a resource for investors and traders seeking the latest updates and insights on MANDALAY RES stock.
Mandalay Resources Corporation (Mandalay) is a Canadian-based resource company with producing assets in Australia and Sweden. The company focuses on growing production, reducing costs, and generating positive cash flow. Mandalay is committed to safe operations, environmental responsibility, and community engagement. The company aims to maximize shareholder value through profitable operations, regional exploration, and extending mineral reserves at its Costerfield and Björkdal mines. Current objectives include mining high-grade veins, bringing new deposits online, and maximizing profit margins.
Rhea-AI Summary
Mandalay Resources Corporation announces strong financial results for Q4 and full-year 2023, with consolidated revenue up 22% to $50.6 million in Q4 and $173.3 million for the year. Adjusted EBITDA increased by 15% to $23.1 million in Q4. The Company ended the year with $26.9 million in cash and a net cash position of $3.3 million. Despite increased costs, Mandalay remains focused on disciplined capital allocation and aims for sustainable growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.92%
Tags
-
Rhea-AI Summary
Mandalay Resources Corporation releases updated Mineral Reserves and Resources for Costerfield and Björkdal mines in Australia and Sweden. Costerfield shows stable Mineral Resource replacement, while Björkdal sees an Interim Mineral Reserve update. Exploration efforts at Costerfield focus on the Shepherd discovery. Björkdal's Mineral Reserves estimate accounts for veining complexity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.81%
Tags
-
Rhea-AI Summary
Mandalay Resources Corporation will release its Q4 and full-year 2023 financial results on February 22, 2024, followed by a conference call with the CEO on February 23, 2024. Investors and analysts can join via dial-in or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Mandalay Resources Corporation appoints Hashim Ahmed as the new Executive Vice President and Chief Financial Officer, effective March 1, 2024. The company's current CFO, Nick Dwyer, resigned for personal reasons. The appointment is seen as a strategic move to steer the company's financial strategies and ensure continued financial success. Mr. Ahmed brings over 20 years of experience, with the past 15 years focused on the mining industry, and has held finance executive roles at Nova Royalty, Jaguar Mining, and Barrick Gold.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.84%
Tags
-
News
Rhea-AI Summary
Mandalay Resources Corporation announces its operating results for the fourth quarter and full-year 2023, with consolidated metal production at 89,809 gold equivalent ounces. The company provides production and cost guidance for 2024, aiming for an annual production profile of 90,000 – 100,000 gold equivalent ounces.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Mandalay Resources Corporation (TSX: MND) (OTCQB: MNDJF) announces Q3 2023 financial results, with $40.9 million revenue, $15.4 million adjusted EBITDA, and $4.1 million net income. Björkdal mine sees highest revenue since Q1 2022. Costerfield experiences improved gold head grades. Consolidated revenue down 11% from Q3 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.5%
Tags
Rhea-AI Summary
Mandalay Resources Corporation provided an update on drilling progress at its Costerfield operation in Victoria, Australia. The results include high-grade gold and antimony intercepts, infill and extension drilling related to the Shepherd orebody beneath Youle, and the discovery of high-grade gold veining beneath the historic Brunswick deposit. The company aims to maintain its current healthy self-funding spending rate at Costerfield.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Mandalay Resources Corporation will release its Q3 2023 financial results on November 08, 2023, followed by a conference call with Frazer Bourchier, President and CEO, on November 09, 2023. Analysts and interested investors can join the call or access the webcast. A replay of the conference call will also be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Mandalay Resources Corporation has appointed Scott Trebilcock as Executive Vice President and Chief Development Officer. Trebilcock's appointment signifies Mandalay's transition to a new phase of growth and its vision to become a critical player in the consolidated gold sector. Trebilcock brings extensive industry technical expertise and business transactional acumen, having been involved in the sale of Nevsun Resources Ltd. for $1.9 billion in 2018. Mandalay has a solid operational foundation, strong capital structure, supportive shareholder base, and a lean management team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary
Mandalay Resources Corporation announces Q3 2023 production and sales results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
FAQ
What is the current stock price of MANDALAY RES (MNDJF)?
The current stock price of MANDALAY RES (MNDJF) is $2.84 as of December 20, 2024.
What is the market cap of MANDALAY RES (MNDJF)?
The market cap of MANDALAY RES (MNDJF) is approximately 278.8M.
What is Mandalay Resources Corporation focused on?
Mandalay is focused on growing production, reducing costs, and generating positive cash flow.
Where are Mandalay's producing assets located?
Mandalay's producing assets are located in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine).
What are Mandalay's current objectives?
Mandalay's current objectives include mining high-grade veins, bringing new deposits online, and extending Mineral Reserves at Costerfield and Björkdal mines.
What is Mandalay's mission?
Mandalay's mission is to create shareholder value through profitable operations and regional exploration.
How does Mandalay ensure environmental responsibility?
Mandalay is committed to operating safely and in an environmentally responsible manner while engaging with the community.
Where can I find Mandalay's Annual Information Form and Technical Report?
The Annual Information Form and Technical Report can be accessed on Mandalay's website.
What are Mandalay's key achievements in the latest quarter?
In the latest quarter, Mandalay achieved solid production results, increased cash reserves, and significant positive cash flow.
What are Mandalay's plans for future exploration?
Mandalay plans to continue exploration efforts at both Costerfield and Björkdal mines with expected full-year spending of $12 – $15 million.
How does Mandalay aim to create shareholder value?
Mandalay aims to create shareholder value through profitable operations, regional exploration, and extending Mineral Reserves.
What is Mandalay's approach to capital expenditure?
Mandalay maintains a disciplined approach towards capital expenditure, prioritizing projects that offer significant returns aligned with long-term growth objectives.
MANDALAY RES CORP