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).

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Mandalay Resources Corp.

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Post by ganndolph1on Mar 03, 2022 1:11am

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Post# 34477832

Dividend is coming as soon as the next Board meeting

all,

I asked Mr. Duffy about reinstating the dividend, and he stated that it would be an item discussed at the next Board meeting. Clearly with MND generating $1 USD per share profit, the company can afford a dividend, and based on last quarter's revenue, the dividend could be as high as 5 cents per share. If that is what the Board of Directors decides to do, it would definitely move the stock much higher.

ganndolph

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