Mandalay Resources (TSE:MND) has released an update.
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Mandalay Resources Corporation has reported a robust financial performance for the first quarter of 2024, with a 32% year-over-year revenue increase to $55.5 million, significant balance sheet strengthening, and a solid net cash position of $19.4 million. The company’s success this quarter is attributed to disciplined capital allocation, strong production results, and favorable metal prices, leading to a substantial growth in operating cash flow and a notable reduction in production costs.
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