Mandalay plans to increase production

Mandalay plans to increase production According to reports, Canada’s Mandalay Company’s annual revenue for 2012 was $171.8 million, while the profit before interest, taxes, depreciation and amortization was $79.9 million.

Revenue for the fourth quarter was $55.7 million, and profit before interest, taxes, depreciation and amortization in the fourth quarter was $28.8 million.

The company’s board of directors announced a quarterly dividend of 0.01 Canadian dollars per share and will be paid on March 14.

Brad Mills, Mandalay’s chief executive, told investors that the company’s outstanding performance in the fourth quarter resulted in record production of both mines.

In 2012, Mandalay Resources produced 35,125 ounces of gold, 2,481 tons of silver, and 2.91 million ounces of silver (approximately 107,941 ounces of alloy).

In 2013, Mandalay plans to increase production, and the amount of gold increased to 112,000 to 13,000 ounces, including 2.8 million to 3.1 million ounces of silver, 36,000 to 42,000 ounces of gold, and 2800 to 3,000 tons of cesium.

The gold equivalent is calculated by multiplying gold, silver, and tantalum production times by the respective average market prices for the same period and then adding them by the average gold price over the same period.

About Mandalay Resources:

Mandalay Resources is located in Canada and has gold, copper, silver and antimony ore projects and smelters in Australia and Chile. They are Australia's Costerfield gold mine and the Cerro Bayo gold and silver mine in Chile.

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Velcro disc is an abbreviation of sandpaper, a customary name. Velcro disc is also sandpaper. It is a conversion product of sandpaper. Its shape is a positive circle. It is flocked with sandpaper roll , and then put it on the stamping machine for stamping with *** circular die. The stamped product is velcro disc.

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