Mandalay Resources Announces Financial Results for the Third Quarter 2023 and CFO Transition
Costerfield produced 8,377 ounces of gold and 395 tonnes of antimony for 10,808 gold equivalent ounces in the third quarter of 2023.
- Costerfield produced 8,377 ounces of gold and 395 tonnes of antimony for 10,808 gold equivalent ounces in the third quarter of 2023.
- During Q3 2023, Costerfield generated $19.1 million in revenue and $7.7 million in adjusted EBITDA, which resulted in net income of $3.5 million.
- Care and maintenance spending at Lupin was less than $0.1 million during the third quarter of 2023, which was same as in the third quarter of 2022.
- Reclamation spending at Lupin was $0.1 million during the third quarter of 2023 compared to $1.2 million in the third quarter of 2022.