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Mandalay Resources Announces Financial Results for the Third Quarter 2023 and CFO Transition

Retrieved on:

Thursday, November 9, 2023

Costerfield produced 8,377 ounces of gold and 395 tonnes of antimony for 10,808 gold equivalent ounces in the third quarter of 2023.

Key Points:

Costerfield produced 8,377 ounces of gold and 395 tonnes of antimony for 10,808 gold equivalent ounces in the third quarter of 2023.
During Q3 2023, Costerfield generated $19.1 million in revenue and $7.7 million in adjusted EBITDA, which resulted in net income of $3.5 million.
Care and maintenance spending at Lupin was less than $0.1 million during the third quarter of 2023, which was same as in the third quarter of 2022.
Reclamation spending at Lupin was $0.1 million during the third quarter of 2023 compared to $1.2 million in the third quarter of 2022.

Retrieved on:

Wednesday, November 8, 2023

Costerfield produced 8,377 ounces of gold and 395 tonnes of antimony for 10,808 gold equivalent ounces in the third quarter of 2023.

Key Points:

Costerfield produced 8,377 ounces of gold and 395 tonnes of antimony for 10,808 gold equivalent ounces in the third quarter of 2023.
During Q3 2023, Costerfield generated $19.1 million in revenue and $7.7 million in adjusted EBITDA, which resulted in net income of $3.5 million.
Care and maintenance spending at Lupin was less than $0.1 million during the third quarter of 2023, which was same as in the third quarter of 2022.
Reclamation spending at Lupin was $0.1 million during the third quarter of 2023 compared to $1.2 million in the third quarter of 2022.

Retrieved on:

Wednesday, May 10, 2023

Costerfield produced 7,368 ounces of gold and 544 tonnes of antimony for 11,017 gold equivalent ounces in the first quarter of 2023.

Key Points:

Costerfield produced 7,368 ounces of gold and 544 tonnes of antimony for 11,017 gold equivalent ounces in the first quarter of 2023.
With the operational actions Mandalay is taking to improve production from the first quarter, unit costs at both sites are expected to decrease when compared to the first quarter.
Care and maintenance spending at Lupin was less than $0.1 million during the first quarter of 2023, which was same as in the first quarter of 2022.
Reclamation spending at Lupin was $0.1 million during the first quarter of 2023 compared to $2.7 million in the first quarter of 2022.

Retrieved on:

Wednesday, May 10, 2023

Costerfield produced 7,368 ounces of gold and 544 tonnes of antimony for 11,017 gold equivalent ounces in the first quarter of 2023.

Key Points:

Costerfield produced 7,368 ounces of gold and 544 tonnes of antimony for 11,017 gold equivalent ounces in the first quarter of 2023.
With the operational actions Mandalay is taking to improve production from the first quarter, unit costs at both sites are expected to decrease when compared to the first quarter.
Care and maintenance spending at Lupin was less than $0.1 million during the first quarter of 2023, which was same as in the first quarter of 2022.
Reclamation spending at Lupin was $0.1 million during the first quarter of 2023 compared to $2.7 million in the first quarter of 2022.

Retrieved on:

Wednesday, November 9, 2022

Costerfield produced 12,526 ounces of gold and 582 tonnes of antimony for 16,996 gold equivalent ounces in the third quarter of 2022.

Key Points:

Costerfield produced 12,526 ounces of gold and 582 tonnes of antimony for 16,996 gold equivalent ounces in the third quarter of 2022.
Care and maintenance spending at Lupin was less than $0.1 million during the third quarter of 2022, compared to $0.2 million in the third quarter of 2021.
Reclamation spending was $1.2 million during the third quarter of 2022 compared to $5.0 million during the third quarter of 2021.
For the year ended December 31, 2021, Mandalay sold 678,794 shares of Aftermath at an average price of C$0.57 per share.

Retrieved on:

Thursday, August 11, 2022

Costerfield produced 11,079 ounces of gold and 523 tonnes of antimony for 14,989 gold equivalent ounces in the second quarter of 2022.

Key Points:

Costerfield produced 11,079 ounces of gold and 523 tonnes of antimony for 14,989 gold equivalent ounces in the second quarter of 2022.
Care and maintenance spending at Lupin was less than $0.1 million during the second quarter of 2022, which was similar to the second quarter of 2021.
Reclamation spending was $3.3 million during the second quarter of 2022 compared to $0.8 million during the second quarter of 2021.
The Company did not sell any shares in the second quarter of 2022.