Mandalay Resources Reports Robust Q2 Financials

Mandalay Resources (TSE:MND) has released an update.

Mandalay Resources Corporation reported a strong second quarter in 2024, boasting a $63 million cash balance and a significant increase in revenue and net income. The company’s fiscal health was underscored by the repayment of its $20 million in outstanding revolving credit, resulting in a debt-free status aside from minor equipment leases. These results reflect disciplined capital allocation, higher production, and favorable metal prices.

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