MNDJF - Mandalay Resources produces 25.7k GEOs in Q4

• Mandalay Resources ( OTCQB:MNDJF ) on Friday reported that it produced a total of 25,683 gold equivalent ounces in the fourth quarter, and 105,906 GEOs in 2022.
• The company said it sold 106,094 GEOs in 2022.
• For Q4, Costerfield produced 15,427 gold equivalent ounces, with annual production of 2023 of 56,000 – 64,000 GEOs in 2023.
• At Björkdal, Q4 production was 10,256 gold ounces, and the miner expects production of 49,000 – 54,000 gold ounces in 2023.
• Mandalay anticipates consolidated production of 105,000 – 118,000 GEOs at an expected cash cost of $800 – $975 and an all-in sustaining cost of $1,150 – $1,325 in 2023.
• The company has allocated $44 – $52 million for capital expenditures in 2023.

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