USA News Group News Commentary Issued on behalf of Lake Victoria Gold Ltd. USA News Group News Commentary - Gold's ongoing rally is setting the stage for a potential breakout in mining stocks, according to analysts. Billionaire investor John Paulson has drawn fresh attention to the sector, recently backing an Alaskan gold mine with an $800-million investment, marking a bold move amid rising volatility. Trade tensions [...]
Creates powerful platform underpinned by a shared vision for growth. Three cash-generating mines in premier mining jurisdictions with strong organic growth. Projected gold equivalent production of ~160,0001 ounces in 2025, increasing to over ~180,0002 ounces in 2026. Robust proforma balance sheet: A$188 / C$167 million cash to fuel growth as at 31 March 20253. Increased scale and trading liquidity anticipated to drive [...]
Mandalay Resources Corp. announces solid first quarter production results for the quarter ended March 31, 2025. First Quarter Highlights: Consolidated gold equivalent production of 22,342 ounces; Costerfield production of 9,549 gold ounces and 161 tonnes of antimony for 11,515 ounce of gold equivalent; Björkdal production of 10,827 gold ounces - two consecutive quarters of increased production; Consolidated gold [...]
Mandalay Resources Corp. announces that it has filed its Annual Information Form for the year ended December 31, 2024. The AIF can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.mandalayresources.com. Mandalay also filed updated National Instrument 43-101 compliant Technical Reports documenting its recent work at its Björkdal gold mine in Sweden and its Costerfield [...]
Mandalay Resources Corp. announced its financial results for the fourth quarter and year ended December 31, 2024. The Company delivered record revenue and significant cash flow growth, highlighting its commitment to operational excellence and financial discipline. Fourth Quarter 2024 Highlights: Cash Flow: Generated $38.5 million in cash flow from operating activities and $24.6 million free cash flow1, respectively [...]
Mandalay Resources Corp. announces updated Mineral Reserves and Resources for the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden as at December 31, 2024. All dollar amounts in this press release are in U.S. dollars unless otherwise noted. Consolidated Highlights Total Mineral Reserves of 815,000 gold equivalent ounces1, a 9% increase net of depletion. Total Mineral Measured and Indicated [...]
Mandalay Resources Corp. announced today that its fourth quarter and year-end 2024 financial results will be released after market close on February 20, 2025, followed by a conference call and webcast for investors and analysts on February 21, 2025, at 10:00 AM . Interested investors may register and dial-in using the following link. Alternatively, please register for the webcast here. The webcast will be archived on the [...]
Mandalay Resources Corp. is pleased to announce high-grade drill results at its True Blue prospect adjacent to the operating Costerfield gold-antimony mine in Victoria, Australia. Highlights of True Blue: High grades intercepted in upward extension of 2024's maiden Inferred Mineral Resource: 578.0 g/t gold and 20.5% antimony over 0.47 m in TB031 16.8 g/t gold and 2.4 % antimony over 3.98 m in TB027 Including 172.0 g/t [...]
We are advised by Mandalay Resources Corp. that journalists and other readers should disregard the blank news release, issued with a placeholder headline of "X" and sent out at 2:51am ET, over GlobeNewswire....
Mandalay Resources Corp. announces strong operating results for the fourth quarter and full-year 2024. All currency references in this press release are in U.S. dollars, except as otherwise indicated. Fourth Quarter 2024 Highlights: Consolidated production of 25,496 gold equivalent ounces: Costerfield achieved its strongest quarter of 2024, producing 15,768 gold equivalent ounces; Björkdal delivered stable production of [...]
Mandalay Resources Corp. is pleased to provide an update on near mine exploration success at its Björkdal operation in Sweden, highlighting the discovery of North Zone Below Marble - a new underground mineral domain 200 meters north of the current operations. This news release is the fourth in a series of updates on our 2024 exploration progress at Björkdal. New Drilling Highlights: North Zone Below Marble Discovery [...]
Mandalay Resources Corp. is pleased to provide its production and cost guidance for 2025, which reflects the Company's continued commitment to operational excellence, sustainable growth, and delivering value to shareholders. All currency references are in USD unless noted. Highlights: 2024 consolidated production remains within previous guidance of 90,000 - 100,000 gold equivalent ounces; 2025 consolidated production and [...]