Mandalay (TSX: MND) (OTCQB: MNDJF) recently announced its financial results for the fourth quarter and year ended Dec. 31, 2024. Among the highlights, the company reported record revenue and significant cash flow growth, attributed to its commitment to operational excellence and financial discipline. “2024 was a milestone year for Mandalay, marked by record financial performance and substantial earnings growth. Our strategic emphasis on higher-margin production, cost efficiency, and operational improvements have delivered outstanding results,” said Frazer Bourchier, Mandalay’s president and CEO. “With a strong cash position, zero debt, and an ongoing commitment to sustainable cash generation, we enter 2025 well-prepared to capitalize on strategic opportunities and drive long-term value creation.”
To view the full press release, visit https://ibn.fm/O4j1N
About Mandalay Resources Corporation
Mandalay is a Canada-based natural resource company with producing assets in Australia (the Costerfield gold-antimony mine) and Sweden (the Björkdal gold mine). The company is focused on growing its production and reducing costs to generate significant positive cash flow. Mandalay is committed to operating safely and in an environmentally responsible manner, while fostering strong community and employee engagement. Mandalay’s mission is to create shareholder value through profitable operations and successful organic exploration at its Costerfield and Björkdal mines, while actively evaluating accretive, and non-dilutive inorganic growth opportunities. At Costerfield, the company focuses on mining the high-grade Youle and Shepherd veins, while expanding near-mine and regional mineral resources and reserves. At Björkdal, the goal is to enhance production from the Eastern Extension area and other higher-margin zones, such as the North Zone, to optimize profitability in the coming years.
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