Mandalay Resources Future Growth

Future criteria checks 4/6

We currently don't have sufficient analyst coverage to forecast growth and revenue for Mandalay Resources.

Key information

30.9%

Earnings growth rate

n/a

EPS growth rate

Metals and Mining earnings growth	14.7%
Revenue growth rate	5.1%
Future return on equity	33.9%
Analyst coverage	Low
Last updated	15 May 2023

Recent future growth updates

Recent updates

Mandalay Resources Corporation (TSE:MND) Held Back By Insufficient Growth Even After Shares Climb 26%

Mar 07

Mandalay Resources (TSE:MND) Is Investing Its Capital With Increasing Efficiency

Mar 04

Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?

Nov 07

Is Mandalay Resources (TSE:MND) A Risky Investment?

Jul 21

Shareholders Would Enjoy A Repeat Of Mandalay Resources' (TSE:MND) Recent Growth In Returns

Jun 10

Increases to CEO Compensation Might Be Put On Hold For Now at Mandalay Resources Corporation (TSE:MND)

May 20

Shareholders Will Be Pleased With The Quality of Mandalay Resources' (TSE:MND) Earnings

Mar 04

Mandalay Resources (TSE:MND) Has A Somewhat Strained Balance Sheet

Feb 23

The Mandalay Resources (TSE:MND) Share Price Is Up 118% And Shareholders Are Boasting About It

Feb 02

What Type Of Shareholders Own The Most Number of Mandalay Resources Corporation (TSE:MND) Shares?

Jan 12

Read This Before Buying Mandalay Resources Corporation (TSE:MND) Shares

Dec 22

Mandalay Resources Corporation (TSE:MND) Could Be Less Than A Year Away From Profitability

Dec 04

Earnings and Revenue Growth Forecasts

TSX:MND - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	208	44	N/A	97	1
12/31/2024	219	38	63	95	1
12/31/2023	205	34	28	78	1
3/31/2020	119	-21	-22	16	N/A
12/31/2019	108	-19	-28	8	N/A
9/30/2019	108	-44	-44	-6	N/A
6/30/2019	101	-50	-47	-6	N/A
3/31/2019	102	-64	-41	1	N/A
12/31/2018	112	-64	-27	20	N/A
9/30/2018	128	-55	-18	29	N/A
6/30/2018	141	-55	-9	36	N/A
3/31/2018	157	-42	-8	39	N/A
12/31/2017	163	-43	-20	27	N/A
9/30/2017	157	-45	-18	28	N/A
6/30/2017	170	-37	-13	34	N/A
3/31/2017	180	-24	2	47	N/A
12/31/2016	186	-20	N/A	47	N/A
9/30/2016	197	2	N/A	54	N/A
6/30/2016	192	3	N/A	53	N/A
3/31/2016	188	4	N/A	52	N/A
12/31/2015	195	15	N/A	66	N/A
9/30/2015	218	25	N/A	67	N/A
6/30/2015	209	23	N/A	69	N/A
3/31/2015	203	24	N/A	62	N/A
12/31/2014	185	18	N/A	47	N/A
9/30/2014	157	14	N/A	52	N/A
6/30/2014	172	26	N/A	52	N/A
3/31/2014	163	24	N/A	52	N/A
12/31/2013	167	29	N/A	71	N/A
9/30/2013	184	47	N/A	76	N/A
6/30/2013	182	45	N/A	76	N/A
3/31/2013	193	62	N/A	80	N/A
12/31/2012	172	42	N/A	61	N/A
9/30/2012	140	20	N/A	52	N/A
6/30/2012	118	24	N/A	45	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: MND's forecast earnings growth (30.9% per year) is above the savings rate (1.8%).

Earnings vs Market: MND's earnings (30.9% per year) are forecast to grow faster than the Canadian market (8.7% per year).

High Growth Earnings: MND's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: MND's revenue (5.1% per year) is forecast to grow slower than the Canadian market (5.4% per year).

High Growth Revenue: MND's revenue (5.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: MND's Return on Equity is forecast to be high in 3 years time (33.9%)

Discover growth companies

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Mandalay Resources Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

First quarter 2023 earnings released: EPS: US$0.006 (vs US$0.11 in 1Q 2022)

Full year 2022 earnings released: EPS: US$0.26 (vs US$0.60 in FY 2021)

Mandalay Resources Corporation Provides Consolidated Production Guidance for the Full Year 2023

Third quarter 2022 earnings released: EPS: US$0.10 (vs US$0.10 in 3Q 2021)

Mandalay Resources Corporation Revises Consolidated Production Guidance for the Full Year of 2022

Second quarter 2022 earnings released: EPS: US$0.029 (vs US$0.052 in 2Q 2021)

Recent updates

First quarter 2023 earnings released: EPS: US$0.006 (vs US$0.11 in 1Q 2022)

Mandalay Resources Corporation to Report Q1, 2023 Results on May 10, 2023

Investor sentiment deteriorates as stock falls 17%

Full year 2022 earnings released: EPS: US$0.26 (vs US$0.60 in FY 2021)

Mandalay Resources Corporation Provides Consolidated Production Guidance for the Full Year 2023

President recently sold CA$330k worth of stock

Investor sentiment improved over the past week

Mandalay Resources Corporation Announces Executive Changes

Insufficient new directors

Third quarter 2022 earnings released: EPS: US$0.10 (vs US$0.10 in 3Q 2021)

Mandalay Resources Corporation to Report Q3, 2022 Results on Nov 09, 2022

Mandalay Resources Corporation Revises Consolidated Production Guidance for the Full Year of 2022

Investor sentiment improved over the past week

Under The Bonnet, Mandalay Resources' (TSE:MND) Returns Look Impressive

Investor sentiment deteriorated over the past week

Mandalay Resources Corporation Provides an Exploration Update on Shepherd and the Newly Discovered Kendal Extension

Mandalay Resources (TSE:MND) Seems To Use Debt Quite Sensibly

Investor sentiment deteriorated over the past week

Aftermath Silver Ltd. (OTCPK:FLMZ.F) completed the acquisition of Minera Mandalay Limitada from Mandalay Resources Corporation (TSX:MND).

Second quarter 2022 earnings released: EPS: US$0.029 (vs US$0.052 in 2Q 2021)

Mandalay Resources Corporation to Report Q2, 2022 Results on Aug 10, 2022

Insufficient new directors

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Insufficient new directors

Investor sentiment deteriorated over the past week

Mandalay Resources Corporation Confirms Excellent Results from Its Björkdal Eastward Mine Extension Drilling and Reports Encouraging Results from the North Zone Drilling Program

Why We Like The Returns At Mandalay Resources (TSE:MND)

Mandalay Resources Corporation Intersects 1,780 g/t Gold Over 0.17 m in Its Costerfield Regional Drilling Program at the Robinson Prospect

First quarter 2022 earnings released: EPS: US$0.11 (vs US$0.28 in 1Q 2021)

Mandalay Resources (TSE:MND) Has A Pretty Healthy Balance Sheet

Mandalay Resources Corporation to Report Q1, 2022 Results on May 11, 2022

Mandalay Resources Corporation, Annual General Meeting, May 25, 2022

Lead Independent Director recently sold CA$108k worth of stock

Investor sentiment deteriorated over the past week

Mandalay Resources Corporation (TSE:MND) Held Back By Insufficient Growth Even After Shares Climb 26%

Mandalay Resources (TSE:MND) Is Investing Its Capital With Increasing Efficiency

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Mandalay Resources Corporation to Report Q4, 2021 Results on Feb 24, 2022

Mandalay Resources Corporation Announces Updated Mineral Resources and Reserves Estimates for Costerfield Gold-Antimony Mine in Victoria, Australia and Björkdal Gold Mine in Skellefteå, Sweden as At December 31, 2021

Mandalay Resources Corporation Announces Results From Its Björkdal Eastward Mine Extension Drilling Programs

Mandalay Resources Corporation Provides Operating Guidance for the Year 2022

Investor sentiment improved over the past week

Equus Mining Limited (ASX:EQE) completed the acquisition of CERRO BAYO PROJECT from Mandalay Resources Corporation (TSX:MND).

Third quarter 2021 earnings released: EPS US$0.10 (vs US$0.007 in 3Q 2020)

Does Mandalay Resources (TSE:MND) Have A Healthy Balance Sheet?

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Second quarter 2021 earnings released: EPS US$0.052 (vs US$0.017 loss in 2Q 2020)

Is Mandalay Resources (TSE:MND) A Risky Investment?

Investor sentiment deteriorated over the past week

Mandalay Resources Extends Main Zone and Confirms the Eastern Extension of Lake Zone at Its Björkdal Operation

Investor sentiment improved over the past week

Shareholders Would Enjoy A Repeat Of Mandalay Resources' (TSE:MND) Recent Growth In Returns

Mandalay Resources Extends the Newly Discovered Shepherd Zone and Provides Update on the Costerfield Mineral System

Increases to CEO Compensation Might Be Put On Hold For Now at Mandalay Resources Corporation (TSE:MND)

First quarter 2021 earnings released: EPS US$0.28 (vs US$0.05 loss in 1Q 2020)

Investor sentiment improved over the past week

Mandalay Resources Corporation Discovers New Gold Rich Structural Domain Below the Youle Mine

Shareholders Will Be Pleased With The Quality of Mandalay Resources' (TSE:MND) Earnings

Full year 2020 earnings released: EPS US$0.10 (vs US$0.23 loss in FY 2019)

Revenue misses expectations

Mandalay Resources Corporation Provides Year-End 2020 Reserves and Resources for Costerfield and Björkdal Operations

Mandalay Resources Corporation to Report Q4, 2020 Results on Feb 25, 2021

Mandalay Resources (TSE:MND) Has A Somewhat Strained Balance Sheet

Mandalay Resources Corporation Announces Significant Grades and Depth Extension to the Lake Zone Veining of the Björkdal Deposit

New 90-day high: CA$2.64

The Mandalay Resources (TSE:MND) Share Price Is Up 118% And Shareholders Are Boasting About It

Mandalay Resources Corporation Intersects 0.11 Metres of 460.5 g/t Gold and 0.20 Metres of 165.1 g/t Gold in Initial Stepout Drill Hole Under the Youle Deposit