TORONTO, Dec. 19, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden, highlighting the discovery of North Zone Below Marble – a new underground mineral domain 200 meters ("m") north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal.

New Drilling Highlights:

North Zone Below Marble Discovery:Identified 18 interpreted veins over a 400 m strike length and 250 m in height, located approximately 200 m from current development.A maiden Mineral Resource estimate expected in Mandalay's year-end update (to be released February 2025), has the potential to add multiple years of mine life.Key intercepts include:178.9 g/t gold over 1.15 m (Estimated True Width "ETW" 0.94 m) and;39.6 g/t gold over 3.90 m (ETW 2.76 m) in MU24-010 and;69.4 g/t gold over 0.80 m (ETW 0.69 m) in MU24-024.Main Zone Infill Drilling:Continued success in Eastern Extension with intercepts:115.8 g/t gold over 1.85 m (ETW 1.60 m) in MU24-018 and;43.0 g/t gold over 1.55 m (ETW 1.34 m) in MU24-020.Aurora Zone Extension: Successful testing of a 200 m strike extension identified:3.4 g/t gold over 7.40 m (ETW 3.70 m) in MU24-004 and;3.9 g/t gold over 2.70 m (ETW 1.70 m) in MU24-001.

TORONTO, Dec. 19, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden, highlighting the discovery of North Zone Below Marble – a new underground mineral domain 200 meters ("m") north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal.

New Drilling Highlights:

North Zone Below Marble Discovery:Identified 18 interpreted veins over a 400 m strike length and 250 m in height, located approximately 200 m from current development.A maiden Mineral Resource estimate expected in Mandalay's year-end update (to be released February 2025), has the potential to add multiple years of mine life.Key intercepts include:178.9 g/t gold over 1.15 m (Estimated True Width "ETW" 0.94 m) and;39.6 g/t gold over 3.90 m (ETW 2.76 m) in MU24-010 and;69.4 g/t gold over 0.80 m (ETW 0.69 m) in MU24-024.Main Zone Infill Drilling:Continued success in Eastern Extension with intercepts:115.8 g/t gold over 1.85 m (ETW 1.60 m) in MU24-018 and;43.0 g/t gold over 1.55 m (ETW 1.34 m) in MU24-020.Aurora Zone Extension: Successful testing of a 200 m strike extension identified:3.4 g/t gold over 7.40 m (ETW 3.70 m) in MU24-004 and;3.9 g/t gold over 2.70 m (ETW 1.70 m) in MU24-001.

TORONTO, Dec. 19, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden, highlighting the discovery of North Zone Below Marble – a new underground mineral domain 200 meters ("m") north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal.

New Drilling Highlights:

North Zone Below Marble Discovery:Identified 18 interpreted veins over a 400 m strike length and 250 m in height, located approximately 200 m from current development.A maiden Mineral Resource estimate expected in Mandalay's year-end update (to be released February 2025), has the potential to add multiple years of mine life.Key intercepts include:178.9 g/t gold over 1.15 m (Estimated True Width "ETW" 0.94 m) and;39.6 g/t gold over 3.90 m (ETW 2.76 m) in MU24-010 and;69.4 g/t gold over 0.80 m (ETW 0.69 m) in MU24-024.Main Zone Infill Drilling:Continued success in Eastern Extension with intercepts:115.8 g/t gold over 1.85 m (ETW 1.60 m) in MU24-018 and;43.0 g/t gold over 1.55 m (ETW 1.34 m) in MU24-020.Aurora Zone Extension: Successful testing of a 200 m strike extension identified:3.4 g/t gold over 7.40 m (ETW 3.70 m) in MU24-004 and;3.9 g/t gold over 2.70 m (ETW 1.70 m) in MU24-001.

TORONTO, Dec. 17, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide its production and cost guidance for 2025, which reflects the Company's continued commitment to operational excellence, sustainable growth, and delivering value to shareholders. All currency references are in USD unless noted.

Highlights:

2024 consolidated production remains within previous guidance of 90,000 – 100,000 gold equivalent ounces;2025 consolidated production and cost guidance: Annual production of 85,000 – 95,000 gold equivalent ounces; Gold: 76,500 – 85,000 ounces;Antimony:  1,050 – 1,150 tonnes;Cash cost and all-in sustaining cost1 of $1,200 – $1,350 and $1,795 – $1,975 per gold equivalent ounce, respectively;Sustaining capital expenditures of $43 – $48 million;Costerfield: $18 – $20 million; andBjörkdal: $25 – $28 million.

TORONTO, Dec. 17, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide its production and cost guidance for 2025, which reflects the Company's continued commitment to operational excellence, sustainable growth, and delivering value to shareholders. All currency references are in USD unless noted.

Highlights:

2024 consolidated production remains within previous guidance of 90,000 – 100,000 gold equivalent ounces;2025 consolidated production and cost guidance: Annual production of 85,000 – 95,000 gold equivalent ounces; Gold: 76,500 – 85,000 ounces;Antimony:  1,050 – 1,150 tonnes;Cash cost and all-in sustaining cost1 of $1,200 – $1,350 and $1,795 – $1,975 per gold equivalent ounce, respectively;Sustaining capital expenditures of $43 – $48 million;Costerfield: $18 – $20 million; andBjörkdal: $25 – $28 million.

TORONTO, Dec. 17, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) is pleased to provide its production and cost guidance for 2025, which reflects the Company's continued commitment to operational excellence, sustainable growth, and delivering value to shareholders. All currency references are in USD unless noted.

Highlights:

2024 consolidated production remains within previous guidance of 90,000 – 100,000 gold equivalent ounces;2025 consolidated production and cost guidance: Annual production of 85,000 – 95,000 gold equivalent ounces; Gold: 76,500 – 85,000 ounces;Antimony:  1,050 – 1,150 tonnes;Cash cost and all-in sustaining cost1 of $1,200 – $1,350 and $1,795 – $1,975 per gold equivalent ounce, respectively;Sustaining capital expenditures of $43 – $48 million;Costerfield: $18 – $20 million; andBjörkdal: $25 – $28 million.

TORONTO, Nov. 6, 2024 /CNW/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce strong financial results for the third quarter ended September 30, 2024. The Company reported a robust 35% year-over-year increase in revenue to $55.3 million, along with meaningful improvements in net income and operating cash flow.

The Company's condensed and consolidated interim financial result for the quarter ended September 30, 2024, together with its Management's Discussion and Analysis ("MD&A") for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated.

TORONTO, Nov. 6, 2024 /PRNewswire/ -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce strong financial results for the third quarter ended September 30, 2024. The Company reported a robust 35% year-over-year increase in revenue to $55.3 million, along with meaningful improvements in net income and operating cash flow.

The Company's condensed and consolidated interim financial result for the quarter ended September 30, 2024, together with its Management's Discussion and Analysis ("MD&A") for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated.

TORONTO, Nov. 6, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND) (OTCQB: MNDJF) is pleased to announce strong financial results for the third quarter ended September 30, 2024. The Company reported a robust 35% year-over-year increase in revenue to $55.3 million, along with meaningful improvements in net income and operating cash flow.

The Company's condensed and consolidated interim financial result for the quarter ended September 30, 2024, together with its Management's Discussion and Analysis ("MD&A") for the corresponding period, can be accessed under the Company's profile on www.sedar.com and on the Company's website at www.mandalayresources.com. All currency references in this press release are in U.S. dollars except as otherwise indicated.

TORONTO, Nov. 4, 2024 /PRNewswire/ - Mandalay Resources Corporation ("Mandalay" or "the Company") (TSX: MND) (OTCQB: MNDJF) announced today that its third quarter 2024 financial results will be released after market close on November 06, 2024, followed by a conference call and webcast with Frazer Bourchier, President and Chief Executive Officer of Mandalay, for investors and analysts on November 07, 2024, at 10:00 AM (Toronto time). You may join by using the following dial-in number: