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Mandalay Res Corp J (TSE:MND)
TSX:MND
Holding TSE:MND?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.3Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 31.37%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call revealed a strong financial performance with significant revenue and cash flow improvements, debt elimination, and successful exploration activities. However, these positives were tempered by operational challenges, including production declines and increased costs, particularly at the Björkdal site and in antimony output.Company Guidance
During the Mandalay Resources Corporation Q3 2024 earnings call, the company provided several key metrics as part of its guidance. Mandalay reported a significant revenue increase to USD 55 million, up from USD 41 million in Q3 2023, propelled by favorable metal prices. The company's cash position more than doubled since December 2023, reaching USD 55 million, and they successfully eliminated debt by repaying their USD 20 million revolving credit facility. Despite operational challenges, including a slight production decline at Costerfield and a 14% decrease in gold production at Björkdal due to flooding, Mandalay remained on track to meet its annual production guidance of 90,000 to 100,000 gold equivalent ounces. The all-in-sustaining cost per ounce sold rose to USD 1,790, a 25% increase year-over-year. Mandalay's strong financial performance was also reflected in a net income of USD 5 million, up from USD 4 million the previous year, and operating cash flow that surged to USD 21 million. The company's exploration efforts continued with promising high-grade intercepts at Costerfield, underscoring the potential for future resource growth.Strong Financial Performance
Revenue increased to $55 million, up from $41 million in Q3 2023, driven largely by increased metal prices. Operating cash flow rose to $21 million and free cash flow to $13 million compared to $4 million and negative $6 million last year, respectively.
Debt-Free Status Achieved
Mandalay Resources fully repaid its revolving credit facility, leaving the company with 0 debt, and a cash position of $55 million, more than doubling since December 2023.
Exploration Success and Resource Growth
High-confidence resources were built at Costerfield and Björkdal with notable intercepts such as 291 grams per tonne of gold over 1.26 meters and 752 grams per tonne gold over 22 centimeters.
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TSE:MND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:MND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$3.22 | C$3.35 | +4.04% |
| Aug 07, 2024 | C$2.49 | C$2.62 | +5.22% |
| May 08, 2024 | C$2.32 | C$2.33 | +0.43% |
| Feb 22, 2024 | C$1.48 | C$1.43 | -3.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mandalay Res Corp J (TSE:MND) report earnings?
Mandalay Res Corp J (TSE:MND) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Mandalay Res Corp J (TSE:MND) earnings time?
Mandalay Res Corp J (TSE:MND) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:MND EPS forecast?
TSE:MND EPS forecast for the fiscal quarter 2024 (Q4) is 0.3.
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