Value Microcaps Junior Miners

[dr_airtime]

MND.TO - On track to meet guidance +.09 to $.89

Was paying a 5% dividend if you bought yesterday at $.80. Other reason they are up is because I pointed out a few months ago that the main risk for 2013 was from lower Q1 production from the Cerro Bayo (Chile Silver Mine) mill shutdown. Mandalay delivered!

If Mandalay started up in 2005 they could of been GORO 2.0....

Here is their Q1 Production - 27k Au-equivilant ounces. What is significant is that they are guiding for 118-130 and this should be the lowest production of the year because of their Cerro Bayo mill optimization project in Q1:

http://finance.yahoo.com/news/mandalay-resources-corporation-announces-production-125900302.html

"Cerro Bayo delivered lower production than the prior quarter as plant operating time was restricted due to the installation and commissioning of flotation automation equipment that is designed to improve recoveries of both gold and silver. In addition, lower grade ore was fed through the plant as part of the commissioning program for this new equipment. We expect ore grades to improve, along with recoveries, in the next three quarters and we expect to deliver the full 2013 production guidance over the course of the year."