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Operations: The company generates revenue primarily from its Metals & Mining segment, focusing on Gold & Other Precious Metals, which amounted to $224.44 million.

Market Cap: CA$392.54M

Mandalay Resources Corporation, with a market cap of CA$392.54 million, is positioned in the Metals & Mining sector with a focus on gold and other precious metals, generating US$224.44 million in revenue. The company has demonstrated strong financial health, maintaining more cash than its total debt and achieving a significant reduction in its debt-to-equity ratio over five years. Recent exploration success at the Björkdal operation in Sweden could extend mine life significantly. Although insider selling was noted recently, Mandalay's earnings growth has been robust, outpacing industry averages and reflecting high-quality earnings potential.

• Navigate through the intricacies of Mandalay Resources with our comprehensive balance sheet health report here.

• Gain insights into Mandalay Resources' future direction by reviewing our growth report.

Probe Gold

Simply Wall St Financial Health Rating: ★★★★★★

Overview: Probe Gold Inc. is a precious metal exploration company focused on acquiring, exploring, and developing gold properties in Canada with a market cap of CA$335.13 million.

Operations: Probe Gold Inc. does not report any revenue segments as it is primarily engaged in the exploration and development of gold properties in Canada.

Market Cap: CA$335.13M

Probe Gold Inc., with a market cap of CA$335.13 million, is pre-revenue and focused on expanding its gold exploration footprint in Canada. Recent strategic acquisitions, including the Stella Property and Bermont Claims, enhance its land position in Quebec's Val-d’Or region. Despite being unprofitable and experiencing increased losses over the past five years, Probe maintains a stable cash runway exceeding one year without debt concerns. The company has engaged in significant environmental studies for its Novador project to secure necessary permits while advancing exploration activities through infill drilling programs aimed at resource conversion for future feasibility assessments.

• Take a closer look at Probe Gold's potential here in our financial health report.

• Assess Probe Gold's future earnings estimates with our detailed growth reports.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include TSX:ELO TSX:MND and TSX:PRB.

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