0 seconds of 2 minutes, 1 secondVolume 0%
Press shift question mark to access a list of keyboard shortcuts
00:00
02:01
02:01
 
  • Mandalay (MND) has achieved profitable production and sales in Q2 2022
  • The average processing gold equivalent head grade for the quarter was 17.1 g/t
  • The company is confident that it will achieve its operational and financial guidance for the year
  • President and CEO Dominic Duffy spoke with Sabrina Cuthbert about the results
  • Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine)
  • Mandalay (MND) is down by 7.42 per cent trading at $2.37 per share

Mandalay (MND) has achieved profitable production and sales in Q2 2022.

Production was below expectations due to mining areas that expanded the footprint beyond planned development.

The company achieved profitability in the quarter despite encountering lower grades than expected and elevated sick leaves due to COVID protocols.

The average processing gold equivalent head grade for Q2 was 17.1 g/t.

Mandalay expects improvements as it focuses on maximizing processing rates and moves to more centralized higher-grade areas during the second half of the year. It remains confident that it will achieve its 2022 operational and financial guidance.

President and CEO Dominic Duffy spoke with Sabrina Cuthbert about the results.

Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine).

Mandalay (MND) is down by 7.42 per cent trading at $2.37 per share as of 10:40 am EST.

Latest News
More C.GTCH news on Stockhouse »
Latest Bullboard Posts
More bullboard posts for C.GTCH on Stockhouse »
More From The Market Online
Rock Tech Lithium's Guben lithium converter plant

E.U. recognizes Rock Tech’s lithium converter as strategic project

Rock Tech Lithium's German converter designated a Strategic Project under the E.U.'s Critical Raw Materials Act.
AI generated stock image,

@ the Bell: Markets pop on copper price and geopolitical tensions

Canada’s main stock index increased on Tuesday, driven by geopolitical tensions and uncertainties surrounding tariffs, which boosted copper.
Visible gold in drill core

StockTalk | Gold Report: Big-time moves near all-time-highs

Vista Gold (TSX:VGZ) is advancing a top global undeveloped gold resource with over 9 million ounces as prices tempt all-time-highs.
Map of Record Resources and Quebec Innovative Materials properties

Record Resources kicks off hydrogen exploration in Ontario

Record Resources (TSXV:REC) initiates a hydrogen exploration program on its Lorrain-Bucke property in Ontario.