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Mandalay Resources ( (TSE:MND) ) has issued an announcement.
Mandalay Resources Corporation announced a record financial performance for 2024, achieving $69 million in free cash flow and a 39% increase in revenue compared to 2023. The company improved its profitability, strengthened its balance sheet by becoming debt-free, and increased its cash balance significantly. These results, driven by strategic emphasis on higher-margin production and cost efficiency, position Mandalay well for future growth and long-term value creation.
More about Mandalay Resources
Mandalay Resources Corporation is a company in the mining industry, primarily focused on producing gold. It operates key sites like Costerfield and Björkdal, which contribute significantly to its revenue. The company is listed on the Toronto Stock Exchange and OTCQB, and it emphasizes operational excellence and financial discipline.
YTD Price Performance: 14.04%
Average Trading Volume: 52,466
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$442.7M
Find detailed analytics on MND stock on TipRanks’ Stock Analysis page.
