Mandalay Resources Corp (MND)

[NYBob]

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$Ep.56 LFTV: Basel III - The Elephant in the Room - Unprecedented Impact
for Gold and Silver
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https://www.youtube.com/watch?v=Y0l7dNC5lq8



C19 Note; Dollar has Stage 4 Cancer – Rob Kirby
By Greg Hunter On December 7, 2021 In Market Analysis No Comments


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Bitcoin CRASH tied to Evergrande DEFAULT
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$Davos Is Making The Central Bank Case For Gold
BY TYLER DURDEN - MONDAY, DEC 06, 2021 - 06:30 AM
Authored by Tom Luongo via Gold, Goats, 'n
Guns blog,

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$In GOD We Trust - Real Money - AU Safety 6000yrs )




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God Bless

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$Mandalay Resources Corporation Announces Financial Results for the
Third Quarter of 2021 more


https://mandalayresources.com/

https://mandalayresources.com/news/


https://mandalayresources.com/investors/investor-presentations/


$MANDALAY RESOURCES CORPORATION ANNOUNCES FINANCIAL
RESULTS FOR THE SECOND QUARTER OF 2021
TORONTO, ON, August 11, 2021 --

Ex....
$Kirkland Lake Gold beside Mandalay's Mine High Grade -
KL should buy MNDJF which is very oversold & undervalued,
IMO!

Announces New High-Grade, Visible-Gold Bearing
Intersections Down-Plunge of Swan Zone, at Cygnet and at Robbin’s Hill
– Fosterville Mine
August 30, 2021

https://www.kl.gold/news-and-media/press-release-details/2021/Kirkland-Lake-Gold-Announces-New-High-Grade-Visible-Gold-Bearing-Intersections-Down-Plunge-of-Swan-Zone-at-Cygnet-and-at-Robbins-Hill--Fosterville-Mine/default.aspx

$Mandalay Resources Corporation ("Mandalay" or the
"Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce its financial results for the
quarter ended June 30, 2021.

The Company’s condensed and consolidated interim financial results for the quarter ended June
30, 2021, 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

http://www.mandalayresources.com

$All currency references in this press
release are in U.S. dollars except as otherwise indicated.
Second Quarter 2021 Highlights:

• Quarterly revenue of $51.4 million – second highest since Q2 2016;

• Adjusted EBITDA of $23.1 million;

• $12.7 million free cash flow and $26.6 million in net cash flow from operating activities;

• Adjusted net income of $11.5 million ($0.13 or C$0.15 per share);

• Consolidated net income of $4.8 million ($0.05 or C$0.06 per share);
and

• Quarter ending cash balance of $39.1 million.


Dominic Duffy, President and CEO of Mandalay, commented:
“Mandalay Resources is pleased to deliver strong financial results for the second quarter of 2021,
as the Company continues to execute against our operational strategy and is on track to attain
our 2021 production and cost guidance.
During the second quarter, the Company generated $12.7 million in free cash flow and ended the
quarter with a cash balance of $39.1 million. As the Company continues to generate strong free
cash flow, the emerging strength of our balance sheet significantly improves our abilities to fund
near-term growth opportunities. During this quarter, the Company also repaid $3.8 million
towards our Syndicated Facility leaving $51.4 million owing.”
Mr. Duffy continued, “During the quarter the Company generated $51.4 million in consolidated
revenue and $23.1 million in adjusted EBITDA, resulting in an EBITDA margin of 45%, and a year
to date adjusted EBITDA of $49.2 million. Mandalay earned $11.5 million ($0.13 or C$0.15 per
share) in adjusted net income during the second quarter, marking our sixth consecutive quarter
of profitability.”
Mr. Duffy added, “Our consolidated cash and all-in sustaining costs per saleable gold equivalent
ounce during the second quarter of 2021 were $960 and $1,342, respectively, an increase as
compared to the $851 and $1,230 during the same period last year. The main reasons for this
were due to foreign exchange movements, with local currencies strengthening against the U.S.
dollar, a decrease in gold production at Björkdal for the quarter due to lower grade stoping and
increased infill exploration spend at both sites.

https://mandalayresources.com/site/assets/files/3116/mnd_q2_2021_fpr_final.pdf




$Mandalay Resources Corporation Announces Production and
Sales Results for the Second Quarter of 2021 and Change to
Senior Management
TORONTO, ON, July 14, 2021 —

https://mandalayresources.com/site/assets/files/3102/mnd_press_release_q2_2021_production_sales_finalv2_clean.pdf


$Mandalay Resources Corporation ("Mandalay" or the "Company")
(TSX: MND, OTCQB: MNDJF) announced today its production and sales
results for the second
quarter of 2021.

Second Quarter 2021 Production Highlights:

• Solid quarterly production at each site, with further production
improvements expected in
the coming quarters;

• Consolidated saleable gold equivalent production of 28,843 ounces –
fourth consecutive
quarter of increased production; and

• Consolidated 28,115 ounces of gold equivalent sold – second highest
quarterly amount in
three years (since Q2 2018).
Dominic Duffy, President and CEO of Mandalay, commented:


https://mandalayresources.com/site/assets/files/3102/mnd_press_release_q2_2021_production_sales_finalv2_clean.pdf


$Mandalay Resources Extends Main Zone and Confirms the Eastern Extension of Lake Zone at Its Björkdal Operation
Mandalay Resources Corporation
June 29, 2021


https://ca.finance.yahoo.com/news/mandalay-resources-extends-main-zone-110000495.html


https://mandalayresources.com/site/assets/files/3094/2021_06_29_mz_lz_release_final.pdf


$This NR confirms that Costerfield = Fosterville at depth, where gold at
depth is in high grade veins
in quartz with stibnite largely absent.
$Mandalay Resources Corporation Announces Production and
Sales Results for the Second Quarter of 2021 and Change to
Senior Management
TORONTO, ON, July 14, 2021 —

https://mandalayresources.com/site/assets/files/3102/mnd_press_release_q2_2021_production_sales_finalv2_clean.pdf


$Mandalay Resources Corporation ("Mandalay" or the "Company")
(TSX: MND, OTCQB: MNDJF) announced today its production and sales
results for the second
quarter of 2021.

Second Quarter 2021 Production Highlights:

• Solid quarterly production at each site, with further production
improvements expected in
the coming quarters;
This implies that the gold is all free gold recoverable at 90 percent
plus recovery through the gravity circuit.

10,000 square meters times an average of 66.45 g/t over a 1.8 meter
mining width based on 6 holes equates to about 115,000 ounces of free
gold over the Eastern Vein, while....

$Mandalay Resources Extends the Newly Discovered Shepherd Zone and
Provides Update on the Costerfield Mineral System
June 8, 2021


//www.youtube.com/watch?v=7HcWQpojnHY


https://youtu.be/7HcWQpojnHY

https://mandalayresources.com/news/mandalay-resources-extends-the-newly-discovered-shepherd-zone-and-provides-update-on-the-costerfield-mineral-system/

https://mandalayresources.com/news/

Mandalay Resources Extends the Newly Discovered Shepherd Zone and
Provides Update on the Costerfield Mineral System
T.MND | 7 hours ago


Eastern and Western veining horizons are extended in the Shepherd Zone, with numerous high-grade gold intercepts along a 400 metre strike extent
TORONTO, June 08, 2021 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to provide an update on the newly discovered Shepherd Zone at its Costerfield Operation in Victoria, Australia.
The Eastern vein has now been traced over 300 metres (“m”) of strike length and approximately 100 m in vertical extent. The mineralization remains open to the south and at depth (Figure 2).

The Western vein has now been traced over 400 m of strike length and approximately 100 m in vertical extent and remains open to the south and at depth (Figure 4).

$New Drilling Highlights:

Eastern Veining

172.3 g/t gold over true width of 0.27 m in BC213; and
69.5 g/t gold over true width of 1.11 m in BC210 including:
406.0 g/t gold over true width of 0.14 m
Western Veining

33.7 g/t gold over true width of 3.22 m in BC201 including:
127.0 g/t gold over true width of 0.69 m ;
712 . 8 g/t gold over true width of 0.10 m in BC205; and
19.4 g/t gold over true width of 4.84 m in BC210 including:
657.3 g/t gold over true width of 0.13 m

https://mandalayresources.com/news/

So in the coming weeks and months when you see MND going from its current
price to over $10 USD per share,
it will be because big money knows this is another FOSTERVILLE
and they will reprice the stock after the last of
the small retail investors are out.

IMHO the current yoyo trading action is a few market makers
trying to pick off the last of the few remaining loose shares.
by ganndolph1 (174) sth.

https://stockhouse.com/companies/bullboard?symbol=t.mnd&postid=33208812


$Costerfield = Fosterville = BESIDE KIRKLAND LAKE GOLD MINE = WHY KL
SHOULD BUY IT = at depth, where gold at depth is in high grade veins
in quartz with stibnite largely absent.


$The following link shows the Mandalay Resources drilling addressed in
the news release.


//www.youtube.com/watch?v=riDBUuHcT3M


https://youtu.be/riDBUuHcT3M

$This NR confirms that Costerfield = Fosterville at depth, where gold at
depth is in high grade veins
in quartz with stibnite largely absent.

This implies that the gold is all free gold recoverable at 90 percent
plus recovery through the gravity circuit.

10,000 square meters times an average of 66.45 g/t over a 1.8 meter
mining width based on 6 holes equates to about 115,000 ounces of free
gold over the Eastern Vein, while

20,000 square meters times an average of 12.2 g/t over a 1.8 meter
mining width based on 4 holes equates to another 42,000 ounces of free
gold at the Western Vein.

Since these results are based on two drilling platforms confirming these
high grade gold intercepts from two different angles, small wonder why
the company has accelerated its exploration drilling program.

This reminds me of Crocodile Gold, except in the case of
Mandalay Resources, 80 percent of the stock is in the hands of large
institutional firms.

Yet their market makers are still capping this stock at
$2.00 USD per share, and hoping that retail investors would
cough up their shares at that bottom basement price.


$MAJOR PRODUCTION UPLIFT, STABLE OPERATIONS
GROWING PRODUCTION
from 81,568 oz gold equivalent in 2018 to 105-117,000 AuEq oz in 2021

$COSTERFIELD GOLD & ANTIMONY MINE IN AUSTRALIA -

[Suppressed Image]

Significant production growth expected via Youle vein
Deep hole drilling below Youle and Cuffley

Testing shallow targets around old-workings

Target and generative testing focus in 2021


$BJÖRKDAL GOLD MINE, SWEDEN -

[Suppressed Image]

Step change in underground production. Increasing underground production
with higher-grade ore from Aurora zone.

HIGH-POTENTIAL EXPLORATION UPSIDE

CONTINUING REGIONAL EXPLORATION

programs on known targets; seeking repetition of mineralization

BJÖRKDAL

Extensional drilling at aurora
Defining mineralization and assessing the economics of the high-grade skarn deposit

FULLY-FUNDED

Cash position of $34.2M at 2020 year-end affords Mandalay with the
financial flexibility to continue funding its exploration programs and
sets the Company up for future profitability and growth

COSTERFIELD
High-grade Youle vein the major growth catalyst

BJÖRKDAL
Ramping up underground production, focusing on higher-cash margin ore

2021 GUIDANCE
LATEST PRESENTATION
Q4 2020 PRODUCTION REPORT
Q4 AND YE2020 FINANCIAL
2020 RESERVES AND RESOURCES

https://mandalayresources.com/investors/why-invest/

https://mandalayresources.com/news/mandalay-resources-corporation-discovers-new-gold-rich-structural-domain-below-the-youle-mine-1/


https://www.mandalayresources.com