Mandalay Resources Announces Production and Sales Results for the Fourth Quarter and Full Year 2017, Provides Production and Cost Guidance for 2018

Mandalay Resources (“Mandalay” or the “Company”) (TSX:MND) announced today its production and sales results for the fourth quarter of 2017.
In the fourth quarter of 2017, Mandalay produced a consolidated 34,395 saleable ounces of gold equivalent and sold 29,547 ounces of gold equivalent. For the full year ended December 31, 2017, Mandalay produced 131,186 saleable ounces of gold equivalent and sold 127,367 ounces of gold equivalent.
Mark Sander, President and Chief Executive Officer of Mandalay, commented

“The Company’s superb fourth quarter performance at Björkdal, in which it produced 22,035 ounces of gold, enabled Mandalay to beat its annual consolidated revised guidance issued on August 10, 2017. The Björkdal result for the quarter is a record under Mandalay ownership, more than double the production of the year-ago quarter.
On an annual basis, the total 62,028 ounces produced by Björkdal in 2017 is not only 30% greater than in the previous year, but is also the highest production from the mine since 1998.”

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