Mandalay Resources (TSE:MND) has released an update.
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Mandalay Resources reported a solid third quarter in 2024 with a $55 million cash balance, 20,323 gold equivalent ounces produced, and a full repayment of their $20 million credit facility. Despite lower production in Q3, the company expects a strong Q4 rebound and reaffirms their yearly goal of 90,000 to 100,000 gold equivalent ounces.
For further insights into TSE:MND stock, check out TipRanks’ Stock Analysis page.
