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Mandalay produces 35,125 oz Au, 2.91 Moz Ag in 2012
Ticker Symbol: C:MND

Mandalay produces 35,125 oz Au, 2.91 Moz Ag in 2012

Mandalay Resources Corp (2) (C:MND)
Shares Issued 319,358,067
Last Close 1/11/2013 $1.18
Monday January 14 2013 - News Release

Mr. Bradford Mills reports

MANDALAY RESOURCES CORPORATION ANNOUNCES RECORD PRODUCTION AND SALES RESULTS FOR THE FOURTH QUARTER AND FULL YEAR 2012 AND REITERATES 2013 PRODUCTION GUIDANCE

Mandalay Resources Corp. has released record production and sales results for the fourth quarter and year-end 2012. The Company is also re-affirming its production guidance for 2013. Brad Mills, Chief Executive Officer of Mandalay, commented: "Our record fourth quarter and full year production and sales results builds on our strong history of delivering planned performance. We look forward to continuing this trend in 2013 as we expect to expand our Cerro Bayo operations to 1,400 tonnes per day mined by the first quarter of 2014 and initiate development of the Cuffley Lode at our Costerfield mine in the third quarter of 2013. I wish to thank all Mandalay personnel for helping us deliver on our promises in 2012 and building a highly profitable, dividend-paying, growing mining company." Saleable Production for the three months ended December 31, 2012: The Company produced a total of 10,927 ounces ("oz") gold ("Au"), 785 tonnes ("t") antimony ("Sb") and 895,222 oz silver ("Ag"), representing a total of 33,537 oz of gold equivalent ("Au Eq.").

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