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 -

Q3 2025

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.

Mandalay Resources (TSE:MND) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:MND Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.33 / -	0.15	―	―	―
Jul 09, 2025	2025 (Q2)	0.26 / 0.23	0.246	-5.56% (-0.01)	―	―
May 07, 2025	2025 (Q1)	0.30 / 0.29	0.177	61.54% (+0.11)	―	―
Feb 20, 2025	2024 (Q4)	0.28 / 0.41	0.136	200.00% (+0.27)	―	―
Nov 06, 2024	2024 (Q3)	0.07 / 0.15	0.055	175.00% (+0.10)	―	―
Aug 07, 2024	2024 (Q2)	0.22 / 0.25	-0.041	700.00% (+0.29)	―	―
May 08, 2024	2024 (Q1)	0.14 / 0.18	0.014	1200.00% (+0.16)	―	―
Feb 22, 2024	2023 (Q4)	0.10 / 0.14	0.082	66.67% (+0.05)	―	―
Nov 08, 2023	2023 (Q3)	0.04 / 0.05	0.041	33.33% (+0.01)	―	―
Aug 09, 2023	2023 (Q2)	0.04 / -0.04	0.082	-150.00% (-0.12)	―	―

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

TSE:MND Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 09, 2025	C$4.64	C$4.65	+0.22%
May 07, 2025	C$5.42	C$5.22	-3.69%
Feb 20, 2025	C$4.75	C$4.83	+1.68%
Nov 06, 2024	C$3.22	C$3.35	+4.04%

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.

FAQ

When does Mandalay Res Corp J (TSE:MND) report earnings?

Mandalay Res Corp J (TSE:MND) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Mandalay Res Corp J (TSE:MND) earnings time?

Mandalay Res Corp J (TSE:MND) earnings time is at Nov 05, 2025, After Close (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 2025 (Q3) is 0.33.

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