Mandalay Resources Corporation announced consolidated operating results for the fourth quarter and full-year ended December 31, 2023. The Company produced a total of 24,574 ounces of gold and 404 tonnes of antimony representing a total of 26,941 ounces of gold equivalent, versus 22,341 ounces of gold and 504 tonnes of antimony in the fourth quarter of 2022, representing a total of 25,683 ounces of gold equivalent. Production at Björkdal was 11,558 ounces of gold versus 10,256 ounces of gold in the fourth quarter of 2022. Production at Costerfield was 13,016 ounces of gold and 404 tonnes of antimony versus 12,085 ounces gold and 504 tonnes antimony in the fourth quarter of 2022.

For the year, the Company produced a total of 78,205 ounces gold and 1,860 tonnes antimony, representing a total of 89,809 ounces of gold equivalent production, versus 89,134 ounces gold and 2,292 tonnes of antimony, representing a total of 105,906 ounces of gold equivalent in 2022. Production at Björkdal was 42,148 ounces gold. Production at Costerfield was 36,057 ounces gold and 1,860 tonnes antimony.