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Mandalay cuts production guidance by 11%

Gold and antimony producer Mandalay Resources has lowered its 2022 production guidance by 11% at the mid-point, citing Covid-19-related labour shortages at both of its operations and temporary lower grades.

Mandalay cuts production guidance by 11% Mandalay cuts production guidance by 11% Mandalay cuts production guidance by 11% Mandalay cuts production guidance by 11% Mandalay cuts production guidance by 11%

The company’s share price was down 4% day on day at C$1.69 on 16 October.

The company, which has the Bjorkdal gold mine in Sweden and the Costerfield gold-antimony mine in Australia, now expects production of 106,000-115,000 gold equivalent oz this year, which compares to