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 Apr 17, 2020 11:29am

234 Views

Post# 30921951

RE:Azvalor buying again

Thanks for the post. They bought above a $1.00. This encouraging but I want to see more.

With the price of oil at rock bottom prices, the AISC for MND is looking even better. Using a profit margin of $800 US Au Eq. oz., MND should ink a nice annual profit of $80M US. By the end of second quarter, and depending COVID19 worker rules, MND should be operating a couple of drills.

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