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Mandalay Resources unveils positive Q4 figures

Last updated: 10:26 27 Feb 2015 EST, First published: 11:26 27 Feb 2015 EST

Record production in its fourth quarter helped gold and silver miner Mandalay Resources (TSE:MND) lift fourth quarter profits despite weak prices for both metals.In the three months to December 2014 revenues rose by 71% to US$67m from a year earlier, underlying profit was up by 55% to US$21.5m and net profit rose by 71% to US$7.6m. The company's president Mark Sanders tells Proactiveinvestors about some very positive reserve announcements from operations in Bjokdal Sweden, Cerro Bayo in Chile and the Australia Costerfield property. Mandalay Resources' fortunes are in stark contrast to the rest of the junior miners. Despite weakness in gold and silver prices, Mandalay has been working hard to push its cash costs down to record lows and improve margins to pay dividends

Mandalay Resources sees 2nd highest quarterly revenue since 2016

Mandalay Resources CEO Dominic Duffy joined Steve Darling from Proactive to share news the company has released its financial results for the quarter ended March 31, 2022. Duffy telling Proactive the company in Q1 saw revenue of 54.2 million dollars which was the second highest since Q2 of 2016....

on 13/5/22