TORONTO, Sept. 29, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND), announced today that it is moving to care and maintenance status at its Cerro Bayo operations effective today. Mine production there has been suspended since the June 9, 2017 inundation of the Delia NW mine. In the transition to care and [...]
TORONTO, Aug. 10, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) today announced revenue of $44.1 million, adjusted EBITDA of $12.1 million and consolidated net loss of $10.1 million, or $0.02 loss per share, for the second quarter of 2017. The Company’s condensed and consolidated interim financial results for the quarter ended June 30, 2017, together with its Management’s Discussion and Analysis (“MD&A”) for the corresponding period, can be accessed under the Company’s profile on www.sedar.com and on the Company’s website at www.mandalay... [...]
TORONTO, Aug. 02, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or "the Company") (TSX:MND) today announced that its second quarter 2017 financial results will be released after market close on August 10, 2017, followed by a conference call with Mark Sander, President and Chief Executive Officer of Mandalay, for investors and [...]
TORONTO, July 25, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) announced today that it has entered into a senior secured revolving credit facility with HSBC Bank Canada for up to US$40 million (the “Facility”). The Facility matures on July 24, 2020. Proceeds from the Facility will be used for [...]
TORONTO, July 24, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) is pleased to provide exploration updates for the first half of 2017 for two of its producing properties, Björkdal (Sweden) and Costerfield (Australia), and its Challacollo (Chile) development project. This press release refers to tables and figures. Accompanying tables can be found at the end of this press release, whereas the figures accompanying this release can be found in an exploration presentation posted on the Company's website that can be accessed at: http://www.mandalayresources.com/investor-presentations/#Technical_Presentations Dr. Mark Sander, President and CEO of Mandal... [...]
Mandalay Resources announced today its production and sales results for the second quarter of 2017. In the second quarter of 2017, Mandalay produced a consolidated 38,491 saleable ounces of gold equivalent and sold 35,709 ounces of gold equivalent. This was the highest quarterly consolidated gold equivalent production since the second quarter of [...]
TORONTO, June 30, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" of the "Company") (TSX:MND) announced today that Compañia Minera Cerro Bayo, a subsidiary of the Company, has commenced giving notice of force majeure to the primary customers, suppliers and contractors of its Cerro Bayo mine. This notice suspends Cerro Bayo's obligations under contracts with these parties due to the flooding of the Delia NW mine on June 9, 2017. Mandalay is also initiating consultations with its unions about the potential impacts on employees during this period of suspended production. Mandalay has initiated an independent technical investigation into the flooding of the Delia NW mine, as ... [...]
TORONTO, June 27, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) regretfully announces that efforts to search for and locate the two Mandalay employees working in the flooded Delia NW mine at the Company's Cerro Bayo operation have been unsuccessful. The Chilean Office of Exception State has ruled out the [...]
TORONTO, June 20, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) is providing an update and further information on the flooding at the Cerro Bayo operation that was originally announced on June 9, 2017, and updated on June 14, 2017. On June 9, 2017, between 3:00 a.m. and 4:00 a.m. local time, a [...]
TORONTO, June 14, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) is providing an update on the flooding event at the Cerro Bayo mine that was originally announced on June 9, 2017. Extended families of the two missing miners have been gathered at a comfort center in the nearby town of Chile Chico, where [...]
TORONTO, June 09, 2017 (GLOBE NEWSWIRE) -- Mandalay Resources Corp. ("Mandalay" or the "Company") (TSX:MND) regretfully announces that early this morning a flooding event occurred in which the Delia 2 ramp section of the Delia NW mine of the Company’s Cerro Bayo property was completely inundated. Two Mandalay employees were working in this [...]
Mandalay Resources announced today that Gold Exchange, an unaffiliated special purpose vehicle incorporated in Jersey, has entered into agreements with respect to a revised repurchase offer and consent solicitation in respect of its U.S.$60,000,000 principal amount 5.875% secured exchangeable bonds due 2019. GEL issued the Bonds in 2014 and loaned [...]
