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Mandalay Resources Corp.

Mandalay Resources looks to hit 'top end' of the raised earnings' guidance

Brad Mills, CEO of Mandalay Resources (TSE:MND), tells Proactiveinvestors that, despite lower gold and silver prices, the company is able to meet the increased earnings guidance for the full year. Brad points investors to the Q3 numbers due shortly that will show the progress that the company is making. Of the strong balance sheet, and the access that MND has to revolving credit, Brad says that this puts the company in a very strong position should any acquisition opportunities come its way.

Quick facts: Mandalay Resources Corp.

Price: $1.29

Market: TSX
Market Cap: $117.45 m
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Mandalay Resources unveils positive Q4 figures

Record production in its fourth quarter helped gold and silver miner Mandalay Resources (TSE:MND) lift fourth quarter profits despite weak prices for both metals.In the three months to December 2014 revenues rose by 71% to US$67m from a year earlier, underlying profit was up by 55% to US$21.5m...

on 27/2/15

2 min read

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