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Mandalay Resources Corporation (MND.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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2.2100-0.0200 (-0.90%)
As of 1:20PM EST. Market open.
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Previous Close2.2300
Open2.2100
Bid2.2100 x 0
Ask2.2300 x 0
Day's Range2.2100 - 2.2300
52 Week Range0.4600 - 2.4800
Volume21,850
Avg. Volume55,020
Market Cap201.612M
Beta (5Y Monthly)1.76
PE Ratio (TTM)N/A
EPS (TTM)-0.1300
Earnings DateNov. 12, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateMay 17, 2017
1y Target Est3.25
  • Mandalay Resources Corporation Announces Production and Sales Results for the Fourth Quarter and Full-Year 2020, Provides Production and Cost Guidance for 2021
    GlobeNewswire

    Mandalay Resources Corporation Announces Production and Sales Results for the Fourth Quarter and Full-Year 2020, Provides Production and Cost Guidance for 2021

    TORONTO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announced today its production and sales results for the fourth quarter and full-year 2020 and provided production and cost guidance for 2021. Fourth Quarter and Full-Year 2020 Production Highlights: * Met full-year 2020 production guidance with a consolidated 103,444 ounces of gold equivalent produced; * Achieved 35% year-over-year production growth in 2020; * Produced 24,488 saleable gold ounces during Q4 2020, the Company’s highest quarterly saleable gold production since Q4 2017; * Recorded fifth consecutive quarterly improvement in consolidated saleable gold production; and * Provided 2021 full-year consolidated production and cost guidance of 105,000 – 117,000 ounces of gold equivalent produced at expected cash cost of $800 – $1,000 and all-in sustaining cost of $1,100 – $1,350. In the fourth quarter of 2020, Mandalay produced a consolidated 27,351 saleable ounces of gold equivalent and sold 24,742 ounces of gold equivalent. For the full-year 2020, Mandalay produced 103,444 ounces of gold equivalent and sold 99,935 ounces of gold equivalent.Dominic Duffy, President and Chief Executive Officer of Mandalay, commented, “Mandalay’s significant production performance in the fourth quarter of 2020 reflects the continued strengthening and improvement of our operations. The fourth quarter of 2020 was the Company’s best quarterly consolidated gold production quarter since the fourth quarter of 2017 and marks the fifth consecutive quarterly improvement in saleable gold production.”Mr. Duffy continued, “In 2020, Costerfield was a high performing anchor asset for the Company that drove the Company’s operational and financial turnaround, producing and selling record amounts of both gold and antimony for the year. The high-grade Youle vein continued to deliver excellent results in the fourth quarter of 2020, as head grades averaged 11.22 g/t gold and 3.5% antimony processed. Overall, Costerfield produced 15,099 saleable gold equivalent ounces during the fourth quarter of 2020 and 58,148 ounces of gold equivalent for full-year 2020. As compared on an annual basis, Costerfield’s 2020 production rate increased by well over 2x – a clear demonstration of the high-grade, high-quality ore of the Youle vein. During December we also began underground ore haulage through the newly established Brunswick portal. This halves the ore haulage distances from Youle as we seek to continue lowering our operational costs. The site is pushing ahead with the cavitation tube flotation project, aimed at improving gold recoveries, however, due to manufacturing and delivery delays related to COVID-19 the project has been delayed further. We are forecasting commissioning of the project in the first quarter of 2021. Over the course of 2021, we expect to see a continuation of high-gold grades as we mine deeper into Youle, setting Costerfield up for another strong year with a forecast of approximately 53,000 – 60,000 ounces of saleable gold equivalent produced at a cash cost and all-in sustaining cost per equivalent ounce between $675 – $825 and $950 – $1,100, respectively.”Mr. Duffy added, “At Björkdal, we saw significant improvements resulting in production of 12,252 saleable gold ounces in the fourth quarter – the highest quarterly amount in 2020 – and 45,296 ounces of saleable gold for the full-year 2020. 2020 was a transitional year for Björkdal operationally, one in which is setting the foundation for an expected improved production profile in 2021 as we continue to institute; the steady ramp-up in supplying the mill with higher-margin underground ore, more scheduled stoping and advancing development into Aurora’s higher-grade lower levels. For 2021, we are forecasting a significant production increase at Björkdal, with expected production of 52,000 – 57,000 gold ounces at a cash cost and all-in sustaining cost per ounce of between $900 – $1,050 and $1,200 – $1,350, respectively.”Mr. Duffy continued, “Mandalay finished the year with a consolidated 103,444 ounces of gold equivalent produced, a considerable 35% improvement year-over-year. At the same time, safety was, and will continue to be a primary focus of the Company. The Company had its best safety record to date for full-year 2020, with a Lost Time Injury Frequency Rate of 2.86. We look forward to building upon these achievements and creating an even stronger enterprise in 2021. In addition to production and safety, another primary focus will be exploration as we ramp up the spending and drilled meters at both sites over the course of 2021. We expect this to unlock further value and extend mine life of our assets.”Mr. Duffy concluded, “Looking ahead, Mandalay is planning to begin a trial processing of waste dumps carrying gold and silver mineralization over the course of the first quarter of 2021 at Cerro Bayo. However, due to the trial nature of this project, no production has been attributed towards our 2021 guidance. As such, the Company expects to produce an improved consolidated 105,000 – 117,000 ounces of gold equivalent at $800 – $1,000 and $1,100 – $1,350 per ounce cash costs and all-in sustaining cost, respectively in 2021. This guidance flows from the continuing commitment and dedication of our employees, contractors and the quality of both of our assets. Further details on the 2021 guidance can be found at the end of this press release.”Saleable Production For The Quarter Ended December 31, 2020: * In the fourth quarter of 2020, the Company produced a total of 24,488 ounces of gold and 858 tonnes of antimony, representing a total of 27,351 ounces of gold equivalent, versus 15,739 ounces of gold and 684 tonnes of antimony in the fourth quarter of 2019, representing a total of 18,594 ounces of gold equivalent. * Production at Björkdal was 12,252 ounces of gold in the fourth quarter of 2020, as compared to 10,990 ounces of gold in the fourth quarter of 2019. * Production at Costerfield was 12,236 ounces of gold and 858 tonnes of antimony in the fourth quarter of 2020, versus 4,749 ounces gold and 684 tonnes antimony in the fourth quarter of 2019. Saleable Production For The Year Ended December 31, 2020: * In 2020, the Company produced a total of 90,254 ounces gold and 3,903 tonnes antimony, representing a total of 103,444 ounces of gold equivalent production, versus 66,756 ounces gold and 2,032 tonnes of antimony, representing a total of 76,659 ounces of gold equivalent in 2019. * Production at Björkdal was 45,296 ounces gold. * Production at Costerfield was 44,958 ounces gold and 3,903 tonnes antimony. Table 1 – Fourth Quarter And Full-Year Saleable Production for 2020 and 2019 Metal SourceThree months ended December 31 2020Three months ended December 31 2019Year ended December 31 2020Year ended December 31 2019 Gold (oz)Björkdal12,25210,99045,29651,498  Costerfield12,2364,74944,95815,258  Total24,48815,73990,25466,756 Antimony (t)Costerfield8586843,9032,032 Average quarterly prices:      Gold US$/oz 1,8761,482   Antimony US$/t 6,2606,187   Total Gold Eq. (oz)(1)       Björkdal12,25210,99045,29651,498  Costerfield15,0997,60458,14825,161  Total27,35118,594103,44476,659 1. Quarterly gold equivalent ounces (“Au Eq. oz”) produced is calculated by multiplying the saleable quantities of gold (“Au”), and antimony (“Sb”) in the period by the respective average market prices of the commodities in the period, adding the two amounts to get a “total contained value based on market price”, and then dividing that total contained value by the average market price of Au in the period. Average Au price in the period is calculated as the average of the daily LME PM fixes in the period, with price on weekend days and holidays taken of the last business day; average Sb price in the period is calculated as the average of the daily average of the high and low Rotterdam warehouse prices for all days in the period, with price on weekend days and holidays taken from the last business day. The source for all prices is www.metalbulletin.com. Sales For The Quarter Ended December 31, 2020: * In the fourth quarter of 2020, the Company sold a total of 21,689 ounces of gold and 915 tonnes of antimony, representing a total of 24,742 ounces of gold equivalent, versus 13,452 ounces of gold and 665 tonnes of antimony in the fourth quarter of 2019, representing a total of 16,228 ounces of gold equivalent. * Björkdal sold 10,746 ounces of gold in the fourth quarter of 2020, versus 9,120 ounces of gold in the fourth quarter of 2019. * Costerfield sold 10,943 ounces of gold and 915 tonnes of antimony in the fourth quarter of 2020, versus 4,332 ounces of gold and 665 tonnes of antimony in the fourth quarter of 2019.Sales For The Year Ended December 31, 2020: * The Company sold 87,432 ounces gold and 3,744 tonnes antimony, representing a total of 99,935 ounces of gold equivalent, versus 67,202 ounces gold and 2,026 tonnes antimony in the fourth quarter of 2019, representing a total of 77,043 ounces of gold equivalent. * Björkdal sold 45,312 ounces gold. * Costerfield sold 42,120 ounces gold and 3,744 tonnes antimony. Table 2 – Fourth Quarter And Full-Year Sales for 2020 and 2019Metal SourceThree months ended December 31 2020Three months ended December 31 2019Year ended December 31 2020Year ended December 31 2019 Gold (oz)Björkdal10,7469,12045,31252,280  Costerfield10,9434,33242,12014,922  Total21,68913,45287,43267,202 Antimony (t)Costerfield9156653,7442,026 Average quarterly prices:      Gold US$/oz 1,8761,482   Antimony US$/t 6,2606,187   Total Gold Eq. (oz)1       Björkdal10,7469,12045,31252,280  Costerfield13,9967,10854,62324,763  Total24,74216,22899,93577,043 1. Quarterly Au Eq. oz sold is calculated by multiplying the saleable quantities of Au, and Sb in the period by the respective average market prices of the commodities in the period, adding the two amounts to get a “total contained value based on market price”, and then dividing that total contained value by the average market price of Au for the period. The source for all prices is www.metalbulletin.com with price on weekend days and holidays taken of the last business day. Mandalay 2021 Guidance:Table 3 – Production and Cost Guidance For 2021 2021E Björkdal Gold produced (oz)52,000 – 57,000 Cash cost(1) per oz gold produced$900 – $1,050 All-in sustaining cost(1) per oz gold produced$1,200 – $1,350 Capital expenditures$32M – $36M Costerfield Gold produced (oz)44,000 – 49,000 Antimony produced (t)2,700 – 3,300 Gold equivalent produced(2) (oz)53,000 – 60,000 Cash cost(1) per oz gold eq. produced$675 – $825 All-in sustaining cost(1) per oz gold eq. produced$950 – $1,100 Capital expenditures$16M – $20M Consolidated Gold equivalent(2) produced (oz)105,000 – 117,000 Average cash cost(3) per oz gold eq.$800 – $1,000 Average all-in sustaining cost(3) per oz gold eq.$1,100 – $1,350 Capital expenditures$48M – $56M 1. Cash cost and all-in sustaining costs are non-IFRS measures. See “Non-IFRS Measures” at the end of this press release 2. Assumes average metal prices of: Au $1,860/oz, Sb $6,600/t 3. Consolidated costs per Au Eq. oz includes corporate overhead spending, costs associated with the trial processing of waste dumps at Cerro Bayo and total care and maintenance costs Mandalay’s 2021 production guidance is based on: * The strengthening Australian dollar and Swedish krona relative to the US dollar has had a negative impact on the above guidance as compared to the rates during 2020. This has resulted in an approximate 9% increase in 2021 USD guidance costs compared to 2020 average costs. * Average 2020 rates: AUD/USD 0.691 and USD/SEK 9.21 * Guidance 2021 rates: AUD/USD 0.754 and USD/SEK 8.36    * The expected high capital spend at Björkdal includes $10.8M of capital works being carried out at the tailings storage facility. This project will allow for tailings capacity through to 2029. * Capital exploration spend forecast for both sites are: * Björkdal – $4.0M * Costerfield – $6.2M For Further Information:Dominic Duffy President and Chief Executive OfficerEdison Nguyen Manager, Analytics and Investor RelationsContact: 647.260.1566About Mandalay Resources Corporation:Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile. The Company is focused on growing production at its gold and antimony operation in Australia, and gold production from its operation in Sweden to generate near-term cash flow.Forward-Looking Statements:This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the Company’s production of gold and antimony, cash costs and all-in sustaining costs and capital expenditures for the 2021 fiscal year. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading “Risk Factors” in Mandalay’s annual information form dated March 30, 2020, a copy of which is available under Mandalay’s profile at www.sedar.com. In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves. Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

  • Mandalay Resources (TSE:MND) Shareholders Booked A 87% Gain In The Last Year
    Simply Wall St.

    Mandalay Resources (TSE:MND) Shareholders Booked A 87% Gain In The Last Year

    While Mandalay Resources Corporation ( TSE:MND ) shareholders are probably generally happy, the stock hasn't had...

  • Mandalay Resources Corporation Announces Recent Drilling Results For Aurora (Björkdal), Highlighting High-Grade Extensions to Both the East and at Depth
    GlobeNewswire

    Mandalay Resources Corporation Announces Recent Drilling Results For Aurora (Björkdal), Highlighting High-Grade Extensions to Both the East and at Depth

    Figure 1. North-South Cross Section at illustrating the location and orientation of the new intercepts surrounding Aurora between 1550 E and 1650 E. Veining and interpreted lithology is displayed at 1600 E. The DOD series of holes are drilled further to the west and are not shown on this section. Figure 2. Longitudinal section of Aurora illustrating the location of recent extension and definition drilling results.TORONTO, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to provide an update on encouraging results from the Aurora extension and delineation drill programs at its Björkdal mine. These results highlight the open nature of the plunge extensions and an emerging new high-grade domain. Aurora Drilling HighlightsExtensional drilling to the east and down plunge: * 4.8 g/t gold over a true width of 2.47 m in MU20-007; and * 2.7 g/t gold over a true width of 2.82 m in MU20-016Definition drilling to the east: * 8.1 g/t gold over a true width of 2.99 m in DOD2020-063; and * 3.0 g/t gold over a true width of 3.45 m in DOD2020-073Surrounding veining highlights: * 14.5 g/t gold over a true width of 2.92 m in DOD2020-060; and * 38.7 g/t gold over a true width of 0.59 m in DOD2020-074; and * 55.6 g/t gold over a true width of 0.28 m in MU20-018 Note: A full listing of significant drilling composites can be found in Tables 1 and 2 at the bottom of this document.Dominic Duffy, President and Chief Executive Officer of Mandalay, commented, “We are pleased to report continued encouraging results from the Aurora extension program. These results come at a time when ore production from Aurora is ramping up and becoming the most significant ore source for Björkdal.”Mr. Duffy continued, “With the exceptional grades seen at Aurora, its extension - both to the east and west - represents an important incremental step for Björkdal providing the foundation to bolster overall feed grade and extend mine life. We are also encouraged by some very high-grade intercepts of veins in close proximity to Aurora which will also be a focus of additional drilling going forward.”Mr. Duffy continued, “With the current exploration focus turned to strategic development of other targets within Björkdal, we look forward to continuing the Aurora expansion program in early 2021.”Mr. Duffy concluded, “Alongside this exploration release, a video has been prepared by Mr. Chris Davis, Vice President of Operational Geology and Exploration to further illustrate the detail in this press release, I would like to invite everyone to view the posted video here.”Aurora Extensional DrillingThe Aurora Extensional Drilling has continued since Mandalay’s last Aurora update in June 2020. To the east MU20-016 returned an intercept of 2.82 m @ 2.7 g/t Au, indicating the plunge extent of Aurora is still open at depth. This was supported by MU20-013 with a reasonably well mineralized array of veining over 3.02 m at 1.6 g/t Au, typical of Aurora, intercepted approximately 60 m above. Higher in the system there has been a reinterpretation of Aurora veining due to new information mining and other drilling results. As a consequence MU20-007 was reinterpreted to include a high-grade composite of 2.47 m at 4.8 g/t Au that, combined with another previously reported intercept (MU20-018 at 7.21 m at 2.5 g/t Au) to the north, highlights a new enriched domain open to the east (see Figure 2).Further drilling to the east within holes MU20-030 and MU20-032 did not intercept significant mineralization along the interpreted Aurora continuation however in both cases the footwall veining was enriched with 0.25 m at 23.5 g/t Au in MU20-030 and 0.96 m at 12.4 g/t in MU20-032 (see Figure 1). This could indicate a jump across structures of the gold endowment or an as yet unrecognised offset to the main Aurora structure. These results represent the furthest intercepts yet drilled to the east. Continuation of the extension campaign is expected in early 2021.Surrounding VeiningAs well as delineating and extending Aurora the drilling is providing grade information on the stacked set of veins that exist in both the footwall and hanging wall. As seen in MU20-30 and MU20-32, these veins are sometimes higher grade than Aurora and are an important addition to the production potential of the Björkdal mine. In the last Resource update for Björkdal, Aurora made up approximately 45% of metal in resource from veining above the marble contact with the remainder in the surrounding veining. Results from the surrounding veining within recent drilling can be found in Table 2 and illustrated within Figure 1.Western Definition DrillingDue to the complicated nature of the veining and gold enrichment within and around Aurora, it is necessary to undertake targeted definition drilling to optimise ore extraction. From this drilling Mandalay has discovered that the Aurora system is also open to the west with encouraging intercepts following along the Frea Fault interaction such as 3.17 m at 3.0 g/t Au in DOD2020-075 and 4.66 m at 2.1 g/t Au in DOD2020-072. In this area approximately 15 additional continuous veins exist alongside Aurora with highlights of 0.59 m at 38.7 g/t Au in DOD2020-074 and 0.37 m at 31.7 g/t in DOD2020-075. As with the extension to the east, a drilling program will focus on extension along this trend in early 2021.Figure 1. North-South Cross Section at illustrating the location and orientation of the new intercepts surrounding Aurora between 1550 E and 1650 E is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/65c1259e-a6a4-4c35-afc4-a58fe4aa3ed8. Veining and interpreted lithology is displayed at 1600 E. The DOD series of holes are drilled further to the west and are not shown on this section.Figure 2. Longitudinal section of Aurora illustrating the location of recent extension and definition drilling results is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98b65977-3ee7-4386-a792-d98da87f9249.Drilling and AssayingAt Björkdal, all diamond drill core was logged and sampled by Björkdal geologists. Exploration drill hole samples (prefix MU) were sent to CRS Laboratories Oy (“CRS”) in Kempele, Finland for sample preparation and assaying. Development optimization drill hole samples (prefix DOD) were prepared and assayed at the onsite laboratory ran by Minlab AB, a subsidiary of CRS (see Technical Report dated March 30, 2020 entitled “Technical Report on the Björkdal Gold Mine, Sweden”, available on SEDAR (www.sedar.com), which contains a complete description of drilling, sampling, and assaying procedures).Assaying was conducted utilizing the Pal1000 cyanide leaching processes. Mandalay’s rigorous QA/QC program included the use of standard reference samples, blanks, duplicates, repeats, and internal laboratory quality assurance procedures.Qualified Person:Chris Davis, Vice President of Operational Geology and Exploration at Mandalay Resources, is a Charted Professional of the Australian Institute of Mining and Metallurgy (MAusIMM CP(Geo)), and a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical and scientific information provided in this release.For Further InformationDominic Duffy President and Chief Executive OfficerEdison Nguyen Manager, Analytics and Investor RelationsContact: 647.260.1566About Mandalay Resources CorporationMandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden, and care and maintenance and development projects in Chile. The Company is focused on growing production at its gold and antimony operation in Australia, and gold production from its operation in Sweden to generate near term cash flow.Forward-Looking Statements:This news release contains "forward-looking statements" within the meaning of applicable securities laws, including statements regarding the exploration and development potential of the Aurora Zone (Björkdal). Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, changes in commodity prices and general market and economic conditions. The factors identified above are not intended to represent a complete list of the factors that could affect Mandalay. A description of additional risks that could result in actual results and developments differing from those contemplated by forward-looking statements in this news release can be found under the heading “Risk Factors” in Mandalay’s annual information form dated March 30, 2020, a copy of which is available under Mandalay’s profile at www.sedar.com. In addition, there can be no assurance that any inferred resources that are discovered as a result of additional drilling will ever be upgraded to proven or probable reserves. Although Mandalay has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.Table 1. New Drilling Composites on AuroraDrill Hole IDFrom (m)To (m)Drill Width (m)True Width (m)Au Grade (g/t)Au (g/t) over min. 3m mining width Target DOD2020-0587780.653.652.810.20.1Western Definition DOD2020-05987.993.525.623.780.40.4Western Definition DOD2020-06079.65855.354.250.80.8Western Definition DOD2020-06166.670.23.603.330.90.9Western Definition DOD2020-06394.2598.44.152.998.18.1Western Definition DOD2020-072148.5153.24.704.662.12.1Western Definition DOD2020-073142.25145.73.453.453.03.0Western Definition DOD2020-074145.7149.53.803.770.20.2Western Definition DOD2020-075139.05142.253.803.173.03.0Western Definition DOD2020-076145.45148.33.802.670.20.2Western Definition DOD2020-097121126.65.553.500.70.7Western Definition DOD2020-099107.2113.86.554.632.02.0Western Definition MU20-007323.45326.22.752.474.83.9Eastern Extension MU20-013216.1219.553.453.021.61.6Eastern Extension MU20-016271.6276.65.002.822.72.5Eastern Extension MU20-017188.3197.759.457.300.60.6Eastern Extension MU20-030132135.43.402.360.60.5Eastern Extension MU20-031161.95163.851.901.170.40.1Eastern Extension MU20-032208.25211.152.901.891.61.0Eastern Extension Notes 1. Where True widths are greater than 3 m, grades are not diluted and are presented as the grade over the composite true width. Table 2. New Drilling Composites Surrounding AuroraDrill Hole IDFrom (m)To (m)Drilled Width (m)True Width (m)Au Grade (g/t)Au (g/t) over min. 3m mining width Description DOD2020-05871.0072.801.801.602.91.6Foot Wall Veining DOD2020-06073.6077.804.202.9214.514.1Foot Wall Veining DOD2020-060115.00115.350.350.259.50.8Hanging Wall Veining DOD2020-06152.5560.107.556.512.62.6Foot Wall Veining DOD2020-06197.3097.700.400.318.90.9Hanging Wall Veining DOD2020-063133.80134.100.300.1957.43.6Hanging Wall Veining DOD2020-07283.8084.750.950.929.73.0Foot Wall Veining DOD2020-072116.10116.500.400.315.90.6Foot Wall Veining DOD2020-072157.75158.751.000.784.81.3Hanging Wall Veining DOD2020-072187.55188.100.550.507.61.3Hanging Wall Veining DOD2020-072191.50192.000.500.493.80.6Hanging Wall Veining DOD2020-07348.0548.650.600.595.81.1Foot Wall Veining DOD2020-07364.5064.850.350.316.30.6Foot Wall Veining DOD2020-073153.15153.600.450.443.80.6Hanging Wall Veining DOD2020-073178.05179.651.601.594.92.6Hanging Wall Veining DOD2020-073185.70186.000.300.2124.31.7Hanging Wall Veining DOD2020-07432.7033.300.600.5938.77.6Foot Wall Veining DOD2020-074131.95132.350.400.3916.02.1Foot Wall Veining DOD2020-074153.70156.102.402.152.01.4Hanging Wall Veining DOD2020-074165.90167.751.851.803.52.1Hanging Wall Veining DOD2020-074185.60185.950.350.346.10.7Hanging Wall Veining DOD2020-07531.6032.050.450.425.60.8Foot Wall Veining DOD2020-07552.7553.100.350.347.70.9Foot Wall Veining DOD2020-07577.0077.350.350.335.10.6Foot Wall Veining DOD2020-075108.75109.100.350.319.31.0Foot Wall Veining DOD2020-075123.20124.601.401.293.21.4Foot Wall Veining DOD2020-075170.15170.650.500.3410.31.2Hanging Wall Veining DOD2020-075180.80181.200.400.3731.73.9Hanging Wall Veining DOD2020-075190.25190.600.350.3113.31.4Hanging Wall Veining DOD2020-07629.8830.250.370.276.10.5Foot Wall Veining DOD2020-07651.4052.831.431.361.80.8Foot Wall Veining DOD2020-076103.00103.350.350.297.40.7Foot Wall Veining DOD2020-076117.30117.650.350.2712.41.1Foot Wall Veining DOD2020-076126.15126.500.350.326.50.7Foot Wall Veining DOD2020-076157.20157.700.500.315.60.6Hanging Wall Veining DOD2020-076163.00164.451.451.383.31.5Hanging Wall Veining DOD2020-076183.35183.700.350.3115.01.6Hanging Wall Veining DOD2020-076196.30199.303.002.692.11.9Hanging Wall Veining DOD2020-076201.65202.000.350.315.10.5Hanging Wall Veining DOD2020-097111.25112.251.000.783.50.9Foot Wall Veining DOD2020-097166.15166.800.650.377.91.0Hanging Wall Veining DOD2020-099112.90113.750.850.704.00.9Hanging Wall Veining DOD2020-099139.55139.950.400.2911.21.1Hanging Wall Veining MU20-007229.30230.000.700.612.70.6Foot Wall Veining MU20-008A320.05321.951.901.901.40.9Foot Wall Veining MU20-009A327.05329.001.951.0714.55.2Foot Wall Veining MU20-009A338.40338.850.450.275.90.5Foot Wall Veining MU20-011177.60178.500.900.782.50.6Foot Wall Veining MU20-011271.60273.001.400.307.20.7Foot Wall Veining MU20-011278.75279.250.500.2332.52.5Foot Wall Veining MU20-011337.45338.651.200.2913.91.3Hanging Wall Veining MU20-011362.20362.750.550.266.20.5Hanging Wall Veining MU20-011371.60372.000.400.315.10.5Hanging Wall Veining MU20-012119.70120.000.300.296.50.6Foot Wall Veining MU20-014191.30192.150.850.786.21.6Hanging Wall Veining MU20-015153.75154.700.950.792.90.8Hanging Wall Veining MU20-01627.9028.600.700.703.40.8Foot Wall Veining MU20-016224.40224.750.350.2012.50.8Foot Wall Veining MU20-017167.65168.150.500.345.60.6Foot Wall Veining MU20-018114.20114.650.450.443.70.5Foot Wall Veining MU20-018194.40195.250.850.784.51.2Hanging Wall Veining MU20-03096.2096.550.350.2523.52.0Foot Wall Veining MU20-032155.70156.851.150.9612.44.0Foot Wall Veining Notes 1. Where True widths are greater than 3 m, grades are not diluted and are presented as the grade over the composite true width. 2. Composites that are below 0.5 g/t Au when diluted to 3 m are not reported in this table.