Mandalay Resources Corp. T.MND

Alternate Symbol(s): MNDJF

Metals & Mining Gold

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 Costerfield operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 km northeast of the town of Heathcote, Victoria. Youle and Shepherd are the main source of material for Costerfield. The Costerfield operation has a land package of approximately 1,219 hectares. 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 Bjorkdal mine produces ore from the Aurora zone underground mine, as well as from a stockpile of low-grade material accumulated over the course of its life of mine. The Bjorkdal operation has a land package of around 12,949 hectares. Its non-core properties include Lupin mines (Canada) and La Quebrada (Chile).

TSX:MND - Post by User

Mandalay Resources Corp.

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Comment by Sherry35on Jun 22, 2019 1:50pm

93 Views

Post# 29852711

RE:RE:RE:RE:Costerfield Deep Hole Drilling Muse

Albertan22 - I believe its a combination of POG, increased Au production (grades) from Bjorkdal at a constant 1.3M tons per annum, Youle grades and YUGE exploration upside at both production mines. Even before Au moved up 9% from $1300 USD, MND's story was improving every quarter.

All of these factors combined "decreases the detriment of its debt".

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