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Mandalay Resources Corp. T.MND

Alternate Symbol(s):  MNDJF

Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Company’s operations include the Costerfield mine, Bjorkdal mine, and non-core operations. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers (km) northeast of the town of Heathcote, Victoria. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Company’s non-core properties include La Quebrada and Lupin. The Company's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.


TSX:MND - Post by User

Comment by Nick2021on Apr 08, 2024 8:11pm
121 Views
Post# 35977961

RE:results

RE:resultsYeah, they needed this in the worst way -- and they pulled off a great quarter at exactly the right time.  It was so frustrating seeing last year get lost to lower production, right when they finally got rid of the hedges.  If they can do the same for Q2, their cash position should increase to at least 70 million (assuming gold prices stay above 2200).

I'm not so worried about a dividend right now, though it would be nice; the thing is, in a rising gold market, MND will benefit more than larger companies, since marginal increases will have a greater effect on their profit (percentage-wise).  Things are looking pretty good at the moment, and I'm OK with the company focusing on production and exploration.  
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