Dominic Duffy, President and CEO of Mandalay, commented: The Companys second quarter production was below expectations as we mined areas that expanded the footprint and were beyond the planned development areas at both mines. Must be flexible and happy to work away. hbbd```b``z"[>"_3` L9fOM`%6G,b$yBL@@"@UT 30V~0 6< The Company sold 45,572 ounces gold and 1,275 tonnes antimony, representing a total of 55,061 ounces of gold equivalent, versus 47,747 ounces gold, 1,616 tonnes antimony and 90,024 ounces of silver in the first six months of 2021, representing a total of 57,828 ounces of gold equivalent. Two Positions Available! VistaGen Announces Topline Results from PALISADE-1 Phase 3 Clinical Trial for Mandalay Resources Corporation Confirms Excellent Results From Its Bjrkdal Eastward Mine Extension Drilling and Reports Encouraging Results From the North Zone Drilling Program, Mandalay Resources Corporation Intersects 1,780 g/t Gold Over 0.17 m in Its Costerfield Regional Drilling Program at the Robinson Prospect, Mandalay Resources Corporation Announces the Results of Its Annual General Meeting of Shareholders, Mandalay Resources Corporation Announces Financial Results for the First Quarter 2022, Mandalay Resources Provides Target Release Date for First Quarter 2022 Financial Results and Conference Call, Consolidated saleable gold equivalent production and sales of 23,305 and 26,781 ounces respectively; and. The gold equivalent head metal content is calculated by multiplying the contained antimony tonnes entering the processing plant for the quarter, by the antimony market value then dividing by the market value of an ounce of gold then adding the contained ounces of gold entering the processing plant for the quarter. Average Au and Ag prices in the periods are calculated as the average of the daily LME PM fixes in the period, with price on weekend days and holidays taken of the last business day; average Sb price in the period is calculated as the average of the daily average of the high and low Rotterdam warehouse prices for all days in the period, with price on weekend days and holidays taken from the last business day. Costerfield sold 12,213 ounces of gold and 748 tonnes of antimony in the second quarter of 2022 versus 9,287 ounces of gold and 644 tonnes of antimony in the second quarter of 2021. Civil Labourer & Excavator Operator, Environmental Vegetation Management Australia Pty Ltd, Geotechnical Engineer Underground Mining. Copyright 2022 StockTitan.net - All rights reserved. Two major factors contributed to this.

Reconciliation work is underway to understand this underperformance. classification: Mining, Resources & Energy, subClassification: Mining - Engineering & Maintenance, Industry leaders across a variety of sectors, Diverse and exciting career opportunities, Valued member in a great team environment. 123 0 obj <> endobj Production at Costerfield was 11,079 ounces of gold and 523 tonnes of antimony in the second quarter of 2022 versus 9,959 ounces gold and 858 tonnes antimony in the second quarter of 2021. 0 Supportive team environment - stable workforce, This position provides production/planning support to allow the safe, efficient and cost effective operation of the Mining department, subClassification: Financial Accounting & Reporting, One of the world's largest gold mining companies, Site based work, without the FIFO lifestyle. 141 0 obj <>/Filter/FlateDecode/ID[<29A475757089C7419BE340E431C0797F>]/Index[123 33]/Info 122 0 R/Length 94/Prev 662608/Root 124 0 R/Size 156/Type/XRef/W[1 3 1]>>stream Competitive remuneration and great employee benefits! %%EOF Quarterly Gold Eq. endstream endobj 418 0 obj <>/Metadata 28 0 R/Pages 415 0 R/StructTreeRoot 44 0 R/Type/Catalog>> endobj 419 0 obj <>/MediaBox[0 0 595.32 842.04]/Parent 415 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 420 0 obj <>stream V/Line's Bendigo Gang are looking for a Heavy Rail Plant Operator to join the Gang, great opportunity with growth and development opportunities. Ongoing Work. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading Risk Factors in Mandalays annual information form dated March 31, 2022, a copy of which is available under Mandalays profile at www.sedar.com. Grades were also impacted by pushing development drives in several areas past the planned stope limits as profitable grades continued, which ultimately delayed production in these areas. Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Even though this material was at a lower grade than previously mined, it was still profitable and development continued so as to not sterilize the ore. Secondly, the site experienced an extremely high number of sick leaves during the quarter as COVID protocols prevented any persons with flu-like symptoms from entering the site. hVmk0+~z%J /Mh:he`AMvGw'NnlYsY# TD0h"1 lHc$q \*$ x+POO"FXKoie*Kn 1~s^YEB. Sales for the Quarter Ended June 30, 2022: Sales for the Six Months Ended June 30, 2022: Table 2 Second Quarter and Six Months Sales for 2022 and 2021, Dominic DuffyPresident and Chief Executive Officer, Edison NguyenDirector, Business Valuations and Investor Relations. In the second quarter of 2022, the Company sold a total of 21,189 ounces of gold and 748 tonnes of antimony, representing a total of 26,781 ounces of gold equivalent, versus 23,147 ounces of gold, 644 tonnes of antimony and 90,024 ounces of silver in the second quarter of 2021, representing a total of 28,115 ounces of gold equivalent. FGM have an exciting opportunity a Senior Mine Accountant that is ready to take on new challenges and propel their career. Costerfield produced 14,989 saleable gold equivalent ounces in the second quarter lower than in Q1 2022. 9Kw1v?h``jp`h`h`h4 B +2jKG13patrAR* nP t^[5^[ # (oz)) produced is calculated by multiplying the saleable quantities of gold (Au), silver (Ag) and antimony (Sb) in the period by the respective average market prices of the commodities in the period, adding the amounts to get a total contained value based on market price, and then dividing that total contained value by the average market price of Au in the period. You will be designated as a Plant Operator with a base hourly rate of $37.40 per hour, $36/h + pens and daily travel, ongoing work in Seymour, subClassification: Mining - Exploration & Geoscience, Mandalay Resources is looking for Experienced Mine Geotechnical Engineer, subClassification: Welders & Boilermakers. Production at Bjrkdal was 8,316 ounces of gold in the second quarter of 2022 as compared to 10,941 ounces of gold in the second quarter of 2021. This role contributes to regional exploration around our operating gold and antinomy mine. Due to business growth, we are currently searching for a Mining Fleet Control Administrator to join our team in the Bendigo area. Saleable Production for the Quarter Ended June 30, 2022: Saleable Production for the Six Months Ended June 30, 2022: Table 1 Second Quarter and Six Months Saleable Production for 2022 and 2021. The Company produced a total of 43,976 ounces gold and 1,206 tonnes antimony, representing a total of 52,936 ounces of gold equivalent production, versus 46,368 ounces gold, 1,690 tonnes of antimony and 130,761 ounces of silver in the corresponding six months of 2021, representing a total of 57,519 ounces of gold equivalent. Entry into the Rail Industry. Despite production being lower than our previous quarters, we expect to see improvements at both sites as we mine back into more centralized higher-grade areas during the second half of the year. Great Rate Per Hour. subClassification: Plant & Machinery Operators. At Bjrkdal, the Company will aim to increase production from the Aurora zone and other higher-grade areas in the coming years, in order to maximize profit margins from the mine. Mandalay Resources are looking for mechanically minded people. We are seeking candidates with an interest in mining and engineering/science for this entry level support role. In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves. Multiple Positions are available for Fitters, Boilermakers, Electricians and Trade Assistants required for new long-term secure projects. %PDF-1.5 % Then apply now to join the team at our Axedale quarry, 20 east of Bendigo, We are currently seeking highly skilled plant operators for various positions commencing immediately in the Bendigo VIC area, Residential operation, 45 minutes fron Bendigo. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the Companys expected production of gold and antimony and costs for the 2022 fiscal year. EVM has an opportunity for Plant Operators and Labourers for a new project at Puckapunyal with an IMMEDIATE START required. The Company is focused on growing its production and reducing costs to generate significant positive cashflow. @ %T The source for Au and Ag prices is. Suggestions will appear below the field as you type, Great Paying Positions With Plenty Of Overtime. Processed grades declined relative to the previous quarter as we mined areas of lower grade in the mine plan and several key stopes underperformed in grade relative to the block model. Quarterly gold equivalent ounces (Gold Eq. (oz) sold is calculated by multiplying the saleable quantities of Au, Ag and Sb in the period by the respective average market prices of the commodities in the period, adding the amounts to get a total contained value based on market price, and then dividing that total contained value by the average market price of Au for the period. ____________________________________ Quarterly gold equivalent head grade is calculated by dividing the gold equivalent metal entering the processing plant by the plant tonnage throughput for the month. endstream endobj startxref Mandalay Resources Corp. engages in the exploration, development, and mining of natural resource properties. VQU/tM d::73. hb```f``a`a`= @V8U9700T'00H:zw)N `P `Tfd0m`@j@sc>j8e5-bdpt8@+V)@uHJ38c! 155 0 obj <>stream The source for Au and Ag prices is. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement. Use your strong labouring background to kickstart a new career in Drilling!

Mandalays mission is to create shareholder value through the profitable operation and continuing the regional exploration program, at both its Costerfield and Bjrkdal mines. First, we were mining within the lower-level extremities of the Youle orebody, which continued out further than expected, but at lower grades than the central parts of Youle. That said, overall, we achieved another very profitable quarter with an average processing gold equivalent head grade of 17.1 g/t. TORONTO, July 13, 2022 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announced today its production and sales results for the second quarter of 2022. For the third quarter, mining activities will focus on production areas of high confidence. Readers are cautioned not to place undue reliance on forward-looking statements.

As always, we are committed to delivering strong performance and remain confident that we will achieve our 2022 operational and financial guidance. hWQo6+|>DD5 l`9[-wtm0GPG0$L@$!hAT3 )tF$?I&lPZ"CN8g+b$1&]@C :t Full training and a fantastic starting wage on offer, with bonuses! Deepcore Drilling are now seeking applications from people with strong labouring experience for new opportunities, residential in Bendigo, We require up to 4 people to take on the following role. This affected our underground production rates, forcing the operation to process more lower grade stockpile than planned. Trade qualified Mechanic to assist in delivering our industry leading exploration drilling rigs and other exciting projects. Currently, the Companys main objectives are to continue mining the high-grade Youle vein at Costerfield, bring online the deeper Shepherd veins, both of which will continue to supply high-grade ore to the processing plant, and to extend Youle Mineral Reserves. Seeking experienced workers to join our small, friendly & close knit team! Bjrkdal produced 8,316 saleable gold ounces during this quarter, which was less than planned due to lower throughput levels and feed grades at the processing plant. We expect grades to improve over the remainder of 2022 at both sites and look forward to demonstrating the sustainability and growth potential of our operations.. Accordingly, readers should not place undue reliance on forward-looking statements. This continued strength allowed Costerfield to produce 32,236 saleable gold equivalent ounces during the first half of the year, approximately 6% higher as compared to the six-month period ending in June 2021. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. endstream endobj 124 0 obj <>/Metadata 19 0 R/PageLayout/OneColumn/Pages 121 0 R/StructTreeRoot 33 0 R/Type/Catalog>> endobj 125 0 obj <>/ExtGState<>/Font<>/XObject<>>>/Rotate 0/StructParents 0/Type/Page>> endobj 126 0 obj <>stream Opportunity within the Mining Industry at ideal Central Victorian location, Even-time roster ideal for work-life balance, Operate, control, monitor and report on plant and equipment associated with the Underground Mining Operations, Central Victorian location reside in a major regional city, Great opportunity within an expanding team at a dynamic mine site, The primary purpose of this position is to assist in all aspects of mine fixed plant maintenance activities. Bjrkdal sold 8,976 ounces of gold in the second quarter of 2022 versus 12,132 ounces of gold in the second quarter of 2021. Processing tonnes were also lower than the first quarter as the deeper Aurora material, which was brought into production in the second quarter, was harder than historically processed resulting in a lower mill throughput. It operates through the following projects: Costerfield, Cerro Bayo, Bjorkdal, and Challacollo. Mandalay Resources Corporation Announces Production and Sales Results for the Second Quarter of 2022. In the second quarter of 2022, the Company produced a total of 19,395 ounces of gold and 523 tonnes of antimony representing a total of 23,305 ounces of gold equivalent, versus 22,707 ounces of gold, 858 tonnes of antimony and 87,062 ounces of silver in the second quarter of 2021, representing a total of 28,843 ounces of gold equivalent. Costerfield sold 24,462 ounces gold and 1,275 tonnes antimony. Production at Costerfield was 23,276 ounces gold and 1,206 tonnes antimony. We are considering options for lifting the processing rates; including converting the mills to grade discharge mills allowing for higher milling rates. The company was founded on January 29, 1997 and is headquartered in Toronto, Canada.

Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjrkdal gold mine). Production at Bjrkdal was 20,700 ounces gold. 2 Weeks on/1 Week off Rosters (Day and Night Shift), home each night. classification: Manufacturing, Transport & Logistics, Quarry operator role with training provided, Full time, ongoing work with regular paid overtime, Are you looking to continue or even start your career as a quarry operator? Viston United Swiss AG Extends All-Cash Offer to Acquire Petroteq Energy Inc. and Amazons Custom Electric Delivery Vehicles from Rivian Start Rolling Out Across the Twitter Announces Second Quarter 2022 Results, Cleveland-Cliffs Reports Second-Quarter 2022 Results, Yoshitsu Co., Ltd Enters into Definitive Agreement to Acquire Tokyo Lifestyle Limited. Costerfield achieves an average processing gold equivalent head gradeof 17.1 g/t, resulting in 14,989 gold equivalent ounces produced. Are you experienced in mining and have the ability to deliver training programs? Mandalay Resources has an opportunity of an experienced Heavy Diesel Fitter to join our experienced team.