Mandalay Resources Unveils 2025 Production and Cost Projections for Gold and Antimony
Mandalay Resources Corporation, a prominent player in the Canadian mining sector, is laying out a clear vision for its 2025 production and cost metrics. The company, which operates the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden, has affirmed its dedication to operational excellence and sustainable growth. Alongside its production targets, Mandalay has provided detailed financial projections that reflect its commitment to delivering value to shareholders.
According to the guidelines released by the company on December 17, 2024, Mandalay Resources anticipates producing between 85,000 and 95,000 gold equivalent ounces in 2025. This is a slight decrease from its 2024 figures, which were expected to fall between 90,000 and 100,000 ounces. Specifically, the company projects it will extract 76,500 to 85,000 ounces of gold and 1,050 to 1,150 tonnes of antimony. The financial estimates further include cash costs per gold equivalent ounce ranging between $1,200 and $1,350, with all-in sustaining costs projected to be between $1,795 and $1,975.
The company's strategic investment plans for its operations show a solid commitment to enhancing profitability and flexibility. For 2025, capital expenditures for sustaining operations are set at $43 to $48 million, with specifics including $18 to $20 million directed towards the Costerfield operations and $25 to $28 million for Björkdal.
Frazer Bourchier, President and CEO of Mandalay, emphasized that the year 2024 has been pivotal to the company's foundation, positioning it firmly for continued operational success. Bourchier noted that the company’s goal is to maintain rigorous safety and operational metrics to support robust cash flow, projecting a cash-rich balance sheet free of debt as it moves into 2025.
Mandalay’s Costerfield operation is particularly noteworthy due to its production sequencing, with expectations to produce between 43,000 and 48,000 gold equivalent ounces in 2025, looking forward to increased production in the following year. Significant investments are also planned at Costerfield to ensure long-term growth and sustained profitability. Meanwhile, at Björkdal, the company plans to stabilize gold output consistent with previous levels by focusing on high-margin underground materials while efficiently utilizing existing low-grade stockpiles.
In addition to production output, Mandalay Resources is focused on exploration investments that underscore its mission to replace depleted resources and extend the operational life of its mines. By pursuing opportunities close to both mines, the company aims to enhance its resource base organically.
Looking ahead, the company has scheduled key dates for reporting its Q4 and year-end 2024 results, with updates expected on January 13 and February 20 of 2025, respectively. Additionally, a comprehensive update on mineral reserves and resources for both mines is set for late February.
Mandalay Resources Corporation is dedicated to operational safety and environmental stewardship while engaging actively with local communities to create lasting value. The company’s long-term strategy centers on generating significant cash flow and expanding its production capabilities at both Costerfield and Björkdal. By focusing on high-grade resources and maximizing efficiencies, Mandalay aims to enhance shareholder value while maintaining its commitment to sustainable mining practices.
According to the guidelines released by the company on December 17, 2024, Mandalay Resources anticipates producing between 85,000 and 95,000 gold equivalent ounces in 2025. This is a slight decrease from its 2024 figures, which were expected to fall between 90,000 and 100,000 ounces. Specifically, the company projects it will extract 76,500 to 85,000 ounces of gold and 1,050 to 1,150 tonnes of antimony. The financial estimates further include cash costs per gold equivalent ounce ranging between $1,200 and $1,350, with all-in sustaining costs projected to be between $1,795 and $1,975.
The company's strategic investment plans for its operations show a solid commitment to enhancing profitability and flexibility. For 2025, capital expenditures for sustaining operations are set at $43 to $48 million, with specifics including $18 to $20 million directed towards the Costerfield operations and $25 to $28 million for Björkdal.
Frazer Bourchier, President and CEO of Mandalay, emphasized that the year 2024 has been pivotal to the company's foundation, positioning it firmly for continued operational success. Bourchier noted that the company’s goal is to maintain rigorous safety and operational metrics to support robust cash flow, projecting a cash-rich balance sheet free of debt as it moves into 2025.
Mandalay’s Costerfield operation is particularly noteworthy due to its production sequencing, with expectations to produce between 43,000 and 48,000 gold equivalent ounces in 2025, looking forward to increased production in the following year. Significant investments are also planned at Costerfield to ensure long-term growth and sustained profitability. Meanwhile, at Björkdal, the company plans to stabilize gold output consistent with previous levels by focusing on high-margin underground materials while efficiently utilizing existing low-grade stockpiles.
In addition to production output, Mandalay Resources is focused on exploration investments that underscore its mission to replace depleted resources and extend the operational life of its mines. By pursuing opportunities close to both mines, the company aims to enhance its resource base organically.
Looking ahead, the company has scheduled key dates for reporting its Q4 and year-end 2024 results, with updates expected on January 13 and February 20 of 2025, respectively. Additionally, a comprehensive update on mineral reserves and resources for both mines is set for late February.
Mandalay Resources Corporation is dedicated to operational safety and environmental stewardship while engaging actively with local communities to create lasting value. The company’s long-term strategy centers on generating significant cash flow and expanding its production capabilities at both Costerfield and Björkdal. By focusing on high-grade resources and maximizing efficiencies, Mandalay aims to enhance shareholder value while maintaining its commitment to sustainable mining practices.
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