Mandalay Resources Corp

OTCQB:MNDJFUnited StatesView on Canadian Exchange

Nov 6, 2024

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• Mandalay Resources Reports Solid Q3 2024 Financials and Debt-Free Balance Sheet, from 5:00PM ET on Wednesday Nov 06, 2024 by PR Newswire

  5:00PM ET on Wednesday Nov 06, 2024 by PR Newswire
  Companies Mentioned: MNDJF

  Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce strong financial results for the third quarter ended September 30, 2024. The Company reported a robust 35% year-over-year increase in revenue to $55.3 million, along with meaningful improvements in net income and operating cash flow.

• Mandalay Resources Reports Solid Q3 2024 Financials and Debt-Free Balance Sheet, from 5:00PM ET on Wednesday Nov 06, 2024 by CNW Group

  5:00PM ET on Wednesday Nov 06, 2024 by CNW Group
  Companies Mentioned: MNDJF

  COMTEX_459536182/2669/2024-11-06T17:00:37

• *DJ Mandalay Resources 3Q EPS 6c >MND.T, from 5:00PM ET on Wednesday Nov 06, 2024 by Dow Jones

  5:00PM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: MND
  
  For Costerfield, equivalent gold ounces produced is calculated by adding to gold ounces produced, the antimony tonnes produced times the average antimony price in the period divided by the average gold price in the period. The total cash operating cost associated with the production of these equivalent ounces produced in the period is then divided by the equivalent gold ounces produced to yield the cash operating cost per equivalent ounce produced. The cash operating cost excludes royalty expenses. Site all-in sustaining costs include total cash operating costs, sustaining mining capital, royalty expense, accretion of reclamation provision and tailings dam amortization. Sustaining capital reflects the capital required to maintain each site's current level of operations. The site's all-in sustaining cost per ounce of gold equivalent in a period equals the all-in sustaining cost divided by the equivalent gold ounces produced in the period.
  

• Press Release: Mandalay Resources Reports Solid Q3 2024 Financials and Debt-Free Balance Sheet, from 5:00PM ET on Wednesday Nov 06, 2024 by Dow Jones

  5:00PM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: MND
  
  The Company defines free cash flow as a measure of the Company's ability to generate and manage liquidity. It is calculated starting with the net cash flows from operating activities (as per IFRS) and then subtracting capital expenditures and lease payments. Refer to "Non-GAAP Financial Performance Measures" section of the MD&A for a reconciliation between free cash flow and net cash flows from operating activities.
  

• Mandalay Resources Reports Solid Q3 2024 Financials and Debt-Free Balance Sheet, from 5:00PM ET on Wednesday Nov 06, 2024 by Dow Jones

  5:00PM ET on Wednesday Nov 06, 2024 by Dow Jones
  Companies Mentioned: MND
  
  For Costerfield, equivalent gold ounces produced is calculated by adding to gold ounces produced, the antimony tonnes produced times the average antimony price in the period divided by the average gold price in the period. The total cash operating cost associated with the production of these equivalent ounces produced in the period is then divided by the equivalent gold ounces produced to yield the cash operating cost per equivalent ounce produced. The cash operating cost excludes royalty expenses. Site all-in sustaining costs include total cash operating costs, sustaining mining capital, royalty expense, accretion of reclamation provision and tailings dam amortization. Sustaining capital reflects the capital required to maintain each site's current level of operations. The site's all-in sustaining cost per ounce of gold equivalent in a period equals the all-in sustaining cost divided by the equivalent gold ounces produced in the period.