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Mandalay Resources Corp (MND.TO)

MND.TO on Toronto Stock Exchange

0.34CAD
25 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Mandalay Resources Corp reports Q2 loss per share $0.02
Thursday, 10 Aug 2017 06:23pm EDT 

Aug 10 (Reuters) - Mandalay Resources Corp -:Mandalay Resources Corporation announces second quarter financial results for 2017.Q2 loss per share $0.02.Mandalay Resources- ‍opers at cerro bayo remain suspended pending completion of investigation of cause of event of restarting mining in vicinity of laguna verde​.Mandalay Resources Corp - ‍in light of ongoing operating suspension at Cerro Bayo, company has revised its 2017 guidance​.Mandalay Resources Corp sees 2017 ‍capital expenditure $44 million - $49​ million.  Full Article

Mandalay Resources Corporation announces new US$40 million revolving credit facility and change to dividend policy
Tuesday, 25 Jul 2017 09:02am EDT 

July 25 (Reuters) - Mandalay Resources Corp ::Mandalay Resources corporation announces new us$40 million revolving credit facility and change to dividend policy.Mandalay Resources Corp- ‍senior secured revolving credit facility matures on July 24, 2020​.Mandalay Resources Corp - ‍company has agreed to suspend its dividend​.Mandalay Resources Corp - ‍future payment of dividends will require hsbc's consent as long as credit facility remains outstanding​.Mandalay Resources Corp- ‍board will evaluate co's financial position on ongoing basis with a view to potentially reinstating dividends when feasible​.  Full Article

Mandalay Resources announces production and sales results Q217
Wednesday, 12 Jul 2017 04:30pm EDT 

July 12 (Reuters) - Mandalay Resources Corp :Mandalay Resources Corporation announces production and sales results for the second quarter of 2017, including record production at Björkdal.Mandalay Resources Corp - in Q2 of 2017, Mandalay produced a consolidated 38,491 saleable ounces of gold equivalent and sold 35,709 ounces of gold equivalent..Mandalay Resources says expect will take between two and four months to complete necessary studies and confirm new optimum life of mine plan at Cerro Bayo.Mandalay Resources - production during Q2 was impacted by accident at Cerro Bayo that caused death of two employees and loss of Delia NW mine.  Full Article

Mandalay Resources provides update on work at Cerro Bayo mine
Tuesday, 27 Jun 2017 07:30am EDT 

June 27 (Reuters) - Mandalay Resources Corp ::Mandalay Resources Corporation provides update on work at cerro bayo mine.Mandalay Resources - efforts to search for two Mandalay employees working in flooded delia nw mine at co's cerro bayo operation have been unsuccessful.Mandalay Resources Corp - mining operations at Cerro Bayo have remained suspended since event occurred.Mandalay Resources Corp - Chilean office of exception state has ruled out possibility of finding two miners, Jorge Sanchez and Enrique Ojeda, alive.Mandalay says will continue to work with Chilean government on next steps and future of mine.Mandalay - investigation of causes of event & risk assessments of reopening delia se, coyita se, marcela & raul veins being initiated this week.  Full Article

Mandalay Resources says two miners still missing at mine in Chile
Tuesday, 20 Jun 2017 12:00am EDT 

June 20 (Reuters) - Mandalay Resources Corp ::Mandalay Resources corporation provides update on flooding at its Cerro Bayo operation.Mandalay Resources - on June 9, a catastrophic inundation event occurred in Delia NW mine, one of three producing mines at operation.Mandalay Resources- immediately after inundation, underground and surface operations at mine were curtailed in orderly way and they remain curtailed.Says two miners remain missing in Delia NW mine, Jorge Sanchez and Enrique Ojeda.Immediate impact on reserves and ultimate total production at property is expected to be small at Cerro Bayo.Mandalay Resources-confirms that reopening of any mine at Cerro Bayo dependent on results of detailed investigations into root causes of Delia NW event.  Full Article

Mandalay Resources search efforts continue to be focused on drilling to intersect deepest level of mine
Wednesday, 14 Jun 2017 08:30pm EDT 

June 14 (Reuters) - Mandalay Resources Corp ::Mandalay Resources Corporation provides update on flooding at Cerro Bayo Mine.Search efforts continue to be focused on drilling to intersect deepest level of mine.Mandalay Resources-surface & underground operations at cerro bayo were suspended in a safe, orderly manner immediately after incident occurred on morning of June 9.  Full Article

Mandalay Resources Corporation reports flooding at Cerro Bayo Mine
Friday, 9 Jun 2017 11:54am EDT 

June 9 (Reuters) - Mandalay Resources Corp ::Mandalay Resources Corporation reports flooding at its Cerro Bayo Mine.Mining operations at Cerro Bayo have been suspended​.Incident has been reported to Chilean authorities.Mine rescue efforts were immediately initiated and are ongoing, although they are impeded by extent of flooding.A flooding event occurred in which Delia 2 Ramp section of Delia NW Mine of company's Cerro Bayo property was completely inundated.Two Mandalay employees were working in the section of mine at time of flooding incident​.  Full Article

Mandalay Resources announces completion of revised repurchase offer
Wednesday, 24 May 2017 07:52am EDT 

May 24 (Reuters) - Mandalay Resources Corp ::Mandalay Resources - gold exchange revised repurchase offer, consent solicitation in respect of U.S.$60 million principal amount 5.875% secured exchangeable bonds due 2019.Mandalay -original repurchase bond offer,consent solicitation was not completed; gel entered discussions with holders to implement alternative arrangements.Mandalay Resources Corp - holders of 100% of bonds have now executed a written resolution approving repurchase and consent solicitation.Mandalay Resources - holders approve repurchase,consent solicitation on same terms as original proposal except interest rate increased to 6.875%/annum.Mandalay Resources Corp - gel has agreed to purchase us$29.95 million principal amount of bonds from holders.  Full Article

Mandalay Resources Corp provides update on repurchase offer
Friday, 12 May 2017 07:30am EDT 

May 12 (Reuters) - Mandalay Resources Corp -:Mandalay Resources Corporation provides update on repurchase offer and consent solicitation in respect of 5.875% secured exchangeable bonds.Mandalay Resources - meeting of bondholders in respect of proposed amendments to bonds subject of consent solicitation has been adjourned indefinitely.Mandalay Resources Corp - repurchase has been withdrawn.  Full Article

Mandalay Resources Corporation Q1 loss per share $0.01
Wednesday, 10 May 2017 07:06pm EDT 

May 10 (Reuters) - Mandalay Resources Corp :Mandalay resources corporation announces financial results and quarterly dividend for first quarter 2017.Qtrly loss per share $0.01.Board of directors declared a quarterly dividend of $2.7 million, or $0.0060 per share.Mandalay resources - expect to see production continuing to increase throughout 2017, with a consequent improvement in unit costs going forward.Qtrly revenue $45.4 million versus $32.4 million last year.Reiterate previous fy guidance for consolidated production, cash cost, capital spending and exploration spending.During q1 of 2017, mandalay produced 19% fewer ounces of gold equivalent versus q1 of 2016.  Full Article

BRIEF-Mandalay Resources Corp reports Q2 loss per share $0.02

* Mandalay Resources Corporation announces second quarter financial results for 2017