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The latest update is out from Mandalay Resources ( (TSE:MND) ).
Mandalay Resources has reported an update on its mineral reserves and resources, revealing a significant increase in gold equivalent ounces. The Costerfield mine in Australia experienced substantial reserve replacement and potential growth at the True Blue deposit, while the Björkdal mine in Sweden saw an extension of mine life to 10 years with an increase in reserves more than doubling 2024 depletion. These updates enhance the company’s operational outlook and reinforce its position in the gold and antimony market.
More about Mandalay Resources
Mandalay Resources Corporation is a mining company focusing on gold and antimony production. It operates the Costerfield mine in Australia and the Björkdal mine in Sweden, with a focus on increasing mineral reserves and extending mine life.
YTD Price Performance: 14.04%
Average Trading Volume: 52,466
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$442.7M
For an in-depth examination of MND stock, go to TipRanks’ Stock Analysis page.