Mandalay Resources

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Overview

2025 Guidance

  Costerfield Björkdal Consolidated
Production
Gold (oz) 35,000 – 39,000 41,500 – 46,000 76,500 – 85,000
Antimony (t) 1,050 – 1,150 - 1,050 – 1,150
Gold Equivalent (oz)(1) 43,500 – 49,000 41,500 – 46,000 85,000 – 95,000
Cash Costs ($USD/oz)(2) $1,075 – $1,190 $1,350 – $1,500 $1,200 – $1,350
All-in sustaining Costs ($USD/oz)(2,3) $1,450 – $1,625 $1,975 – $2,190 $1,795 – $1,975
Capital Expenditures ($USDM)(4) $18M – $20M $25M – $28M $43M – $48M
  1. Assumes metal prices of: $2,575/oz, Sb $20,000/t. 
  2. Cash and all-in sustaining costs are a non-IFRS measure
  3. Consolidated all-in sustaining cost guidance includes expected corporate overhead spending
  4. Capital expenditures includes exploration at Björkdal and Costerfield; consolidated cost guidance includes expected Corporate G&A

Total Company Mineral Reserves

2024

 

Björkdal Contained Au (koz)

 Costerfield Contained Au (koz) Costerfield Contained Sb (kt)
Proven 47 121 6.8
Probable 516 48 4.3
Proven + Probable 563 169 11.1

Notes:

  • Costerfield Mineral Reserves as of December 31, 2024
  • Reserves are contained at Björkdal and Costerfield properties only.
  • See property pages for details on Proven and Probable Reserve tonnages and grades at each property, including cut-off grades and Qualified Persons
  • Totals may appear different from the sum of their components due to rounding.

Total Company Mineral Resources Inclusive of Mineral Reserves

 

Björkdal Contained Au (koz)

Costerfield Contained Au (koz)

Costerfield Contained Sb (kt)
Measured 91 188 15.1
Indicated 1,331 132 15.0
Measured + Indicated 1,422 320 30.1
Inferred 564 130 9.7
  • See property pages for details on tonnages and grades and Qualified Persons.
  • Totals may appear different from the sum of their components due to rounding.
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