Mandalay Resources Corporation reported consolidated production results for the fourth quarter and year ended December 31, 2022. For the quarter, the company produced a total of 22,341 ounces of gold and 504 tonnes of antimony representing a total of 25,683 ounces of gold equivalent, versus 25,596
ounces of gold, 830 tonnes of antimony and 50,556 ounces of silver in the fourth quarter of 2021, representing a total of 32,362 ounces of gold equivalent.

For the year, the company produced a total of 89,134 ounces gold and 2,292 tonnes antimony, representing a total of 105,906 ounces of gold equivalent production, versus 98,292 ounces gold, 3,380 tonnes of antimony and 266,596 ounces of silver, representing a total of 123,002 ounces of gold equivalent in 2021.