Mandalay Resources (TSE:MND) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
