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The latest announcement is out from Mandalay Resources ( (TSE:MND) ).
Mandalay Resources reported steady production results for Q2 2025, with a cash balance of $101 million and no debt, positioning it strongly for its upcoming merger with Alkane. The company produced 22,554 gold equivalent ounces and completed significant infrastructure investments, including a new tailings dam at Costerfield, which is expected to enhance future production capabilities and potentially extend the mine’s life.
The most recent analyst rating on (TSE:MND) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Mandalay Resources stock, see the TSE:MND Stock Forecast page.
Spark’s Take on TSE:MND Stock
According to Spark, TipRanks’ AI Analyst, TSE:MND is a Outperform.
The overall stock score is driven by strong financial performance and favorable corporate developments, notably the strategic merger with Alkane Resources. While technical indicators suggest bearish momentum, the stock’s attractive valuation and the merger’s potential benefits provide a positive outlook.
To see Spark’s full report on TSE:MND stock, click here.
More about Mandalay Resources
Mandalay Resources Corporation is a mining company that primarily focuses on the production of gold and antimony. It operates key mining sites at Costerfield and Björkdal, with a market focus on precious metals and related commodities.
Average Trading Volume: 149,157
Technical Sentiment Signal: Buy
Current Market Cap: C$439.2M
For an in-depth examination of MND stock, go to TipRanks’ Overview page.