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Mandalay Resources ( (TSE:MND) ) just unveiled an update.
Mandalay Resources has announced a new high-grade gold discovery at Brunswick South, near its existing Costerfield infrastructure in Australia. This discovery, which includes significant gold and antimony intercepts, is expected to extend the mine’s life and enhance its value generation potential. The company plans to accelerate drilling efforts to further explore this promising find, which could significantly impact its operational and financial performance.
The most recent analyst rating on (TSE:MND) stock is a Buy with a C$4.50 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.
Mandalay Resources has a strong overall score driven by excellent financial performance and promising corporate developments, including a merger and exploration successes. However, mixed technical indicators and the lack of a dividend yield temper the score slightly.
To see Spark’s full report on TSE:MND stock, click here.
More about Mandalay Resources
Mandalay Resources Corporation is a mining company focused on the extraction of gold and antimony. The company operates the Costerfield gold-antimony mine in Australia, which is a significant part of its portfolio.
Average Trading Volume: 146,056
Technical Sentiment Signal: Buy
Current Market Cap: C$460.1M
See more data about MND stock on TipRanks’ Stock Analysis page.