Mandalay Resources (TSE:MND) has released an update.
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Mandalay Resources Corporation reported strong financial and operational results for the second quarter of 2024, with a significant increase in gold equivalent production and a robust end-quarter cash balance of $63 million. The company has also repaid all outstanding debt on its Revolving Credit Facility, demonstrating a strong financial position and operational excellence, which puts them on track to meet their annual guidance targets.
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