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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 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

Post by Nick2021on Apr 08, 2022 1:43pm
242 Views
Post# 34588532

Costerfield & antimony

Costerfield & antimonyAlso, just wanted to point out that the price of antimony is rising again as well -- it's up to 14,100/metric ton (USD), while just a couple months ago it was in the 11,000 - 12,000 range, which was already a 100% increase from a year or two ago.  

Over all of 2021, antimony turned out to provide 30.5% of Costerfield's Au equivalent -- to figure this out, just look at the difference between Au production, and AU equivalent production.  In Q4, Costerfield produced 13,397 gold ounces, but 19,507 AuEq ounces.  When the price of gold and the price of antimony both go up together, then AuEq ounces stay about the same, even as profits increase.  When the price of antimony goes up faster than gold, then both profits and AuEq ounces increase.  It'll be interesting to see what Q1 production looks like . . .
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