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Mandalay Resources Exceeds 2024 Production Goals, Strengthens Financial Position

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Mandalay Resources Exceeds 2024 Production Goals, Strengthens Financial Position

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Mandalay Resources ( (TSE:MND) ) just unveiled an announcement.

Mandalay Resources announced strong operating results for the fourth quarter and full-year 2024, achieving the upper end of its production guidance with 97,128 gold equivalent ounces. The company’s robust performance, especially at Costerfield, highlights its cash-generating potential and positions it well for future growth opportunities, ending the year with a $76 million cash balance.

More about Mandalay Resources

Mandalay Resources is a company operating in the mining industry, primarily focusing on the production of gold and antimony through its key operations at Costerfield and Björkdal.

YTD Price Performance: 1.21%

Average Trading Volume: 49,347

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$392.9M

See more insights into MND stock on TipRanks’ Stock Analysis page.

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