Plinian Capital and Mandalay Resources announced today that Plinian has acquired an additional 24,687,960 common shares of Mandalay, representing approximately 9.1% of the 269,840,325 outstanding common shares of Mandalay. After giving effect to the transaction, Plinian owns 31,354,627 common shares of Mandalay, representing approximately 11.6% of [...]
Mandalay Resources is pleased to provide an update on development and diamond drilling at its Cerro Bayo, Chile, silver-gold mine. A complete description of the mine, the current reserves and resources and the restart plan that Mandalay has been executing since acquiring the project in August 2010, is contained in the NI 43-101 compliant technical [...]
Mandalay Resources is pleased to provide an update on exploration drilling being conducted at its Costerfield, Australia, gold-antimony mine. There are two key drilling projects at the property—the "Augusta Deeps" project, where the Company's focus is infilling and extending the W-Lode ore shoot in the existing Augusta mine; and the "Brownfields [...]
Mandalay Resources is pleased to announce that it achieved record quarterly revenue, earnings before interest, taxes, depreciation, amortization, and net income before non-cash adjustments for the three and six months ended June 30, 2011. A complete copy of the Company's financial statements for the second quarter of 2011, together with the [...]
Mandalay Resources is pleased to announce the results of its recently completed 19 hole drill program at its 100% owned La Quebrada copper-silver property near La Serena, Chile. The results confirm and extend historically sampled and drilled mineralization described in its NI 43-101 compliant technical report on the property, dated April 14, 2010 [...]
Mandalay Resources announced today that Walter Energy, through its subsidiary, Cambrian Mining Limited, has entered into an agreement with BMO Capital Markets to sell a portion of its interest in Mandalay on an underwritten block trade basis. The agreement provides for the sale of: 12,585,380 common shares; 16,000,000 common share purchase [...]
Mandalay Resources is pleased to announce the results of its Annual General Meeting, held on June 17, 2011. Election of Directors. At the meeting, the following directors were re-elected to the Company's Board of Directors ("Board"): John Byrne, Brad Mills, Braam Jonker, Sanjay Swarup, Robert Doyle, Tony Griffin and Peter R. Jones. After the [...]
Mandalay Resources announced today that it has filed an independent NI 43-101 compliant Technical Report on its Costerfield, Australia, gold-antimony mine, prepared by Snowden Mining Industry Consultants. The filing occurred within the required 45 days of the April 18, 2011 press release that originally announced Snowden's resource and reserve [...]
Mandalay Resources has completed the hedging program that was previously announced on May 6, 2011. Under the hedging program, Mandalay has purchased put options that ensure that the Company will receive a minimum of $30/ounce for approximately 75% of its silver sales and $1,400/ounce for approximately 70% of its gold sales in 2012. The Company is [...]
Mandalay Resources is pleased to announce that it achieved record quarterly financial results for the three months ended March 31, 2011. All currency references in this press release are in U.S. dollars except as otherwise indicated. A complete copy of the Company's financial statements for the first quarter of 2011, together with the associated [...]
Mandalay Resources announced today that West Face Capital Inc. ("West Face") has exercised 45,454,545 of its 71,428,500 common share purchase warrants, providing Mandalay with proceeds of C$14,999,999.85. The warrants were exercised approximately 15 months early at a price of C$0.33 per share. Concurrently with the exercise of these warrants, the [...]
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