MANDALAY RES CORP - MNDJF STOCK NEWS

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.

Mandalay Resources Corporation (MNDJF) reported strong first-quarter production results for 2022, producing 29,631 ounces of gold equivalent, up from 28,676 ounces in Q1 2021. Key highlights include a record gold output of 12,384 ounces from the Björkdal mine and a 12% increase in production at Costerfield to 17,247 ounces. Sales totaled 28,280 ounces of gold equivalent, slightly down from the prior year. Average gold prices rose to $1,874/oz. Despite challenges, such as shipping delays due to COVID-19, Mandalay is optimistic about sustaining growth throughout the year.

Mandalay Resources Corporation (MNDJF) has filed its Annual Information Form for the year ending December 31, 2021, which is available on the Company's website and SEDAR. Additionally, the company released updated NI 43-101 compliant Technical Reports for its Björkdal gold mine in Sweden and Costerfield gold-antimony mine in Australia. Both reports were prepared by Mining Plus, with qualified individuals overseeing the resource estimates. Mandalay aims to grow production while maintaining safety and environmental responsibility in its operations.

Mandalay Resources Corporation (MNDJF) announced its financial results for Q4 and full-year 2021, marking significant milestones. The company achieved record revenue of $229.4 million for the year and $72.9 million for the fourth quarter, with adjusted EBITDA of $115.0 million for 2021. Consolidated net income reached $54.9 million or $0.60 per share. The Costerfield site contributed $88.9 million in adjusted EBITDA, demonstrating strong operational performance. Mandalay ended 2021 with a cash balance of $30.7 million, which grew to $47.2 million by January 2022.

Mandalay Resources Corporation (MNDJF) announced that its fourth quarter and full-year 2021 financial results will be released on February 24, 2022, after market close. A conference call with CEO Dominic Duffy will take place on February 25 at 8:00 AM (Toronto time) for analysts and investors. Mandalay is focused on enhancing production and reducing costs across its gold and antimony mining operations in Australia and Sweden, aiming to create shareholder value while ensuring safe and environmentally responsible mining.

Mandalay Resources Corporation (OTCQB: MNDJF) announced significant updates on its Mineral Resources and Reserves as of December 31, 2021. The Costerfield mine's Proven and Probable gold reserves increased by 24%, extending its mine life to 2027. Björkdal's mine life was maintained until 2030, with a notable increase in Measured and Indicated Resources by 59,000 oz net of depletion. The total mineral reserves now stand at 854,000 oz of gold and 19,600 tonnes of antimony, showcasing successful exploration efforts and cost-effective resource additions.

Mandalay Resources Corporation (MNDJF) has reported promising drilling results from its Björkdal operation in Sweden, highlighting significant gold grades from recent exploration. Key findings include 47.7 g/t gold over 11.7 m and multiple high-grade intercepts in the Central Zone Extension area. The ongoing drilling campaigns indicate an upgrading of ore grades, which may enhance future production. In response to these results, a mining concession application has been submitted to extend license holdings. These developments mark a strategic focus on high-potential areas to maximize profitability.

Mandalay Resources Corporation (MNDJF) has announced strong production and sales results for Q4 and full-year 2021, exceeding guidance with a total of 123,002 ounces of gold equivalent produced, the highest since 2017. 2021 sales also reached a peak at 126,241 ounces, marking a 19% production and 26% sales growth year-over-year. For 2022, guidance estimates a production of 118,000 - 130,000 ounces at cash costs of $700 - $900 and all-in sustaining costs of $1,100 - $1,300. The company anticipates further development at its Costerfield and Björkdal mines.

Mandalay Resources Corporation has successfully completed the sale of its Cerro Bayo mine in Southern Chile to Equus Mining Limited. In exchange for 587,502,438 ordinary shares, Mandalay also retains a 2.25% net smelter royalty once production reaches at least 50,000 ounces of gold equivalent. The company is responsible for 50% of approved site closure costs. Mandalay's President and CEO expressed optimism for Equus's future development of the mine, highlighting mutual benefits from this transaction.