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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. > Any thoughts?
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Post by Lowcapmocapon Jun 16, 2023 3:44pm
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Post# 35500842

Any thoughts?

Any thoughts?Anyone think they have an idea for the sell off? It's sold off harder than the rest of the sector recently.

I understand this year MND will mostly likely not hit guidance at all but this was know for quite awhile. Seems like someone wants out asap.

Like MND would not be my choice of gold miner right now but this seems a little excessive. We still have a few tailwinds for the company in the short to medium run (hedge coming off, permitting in Sweden should come anyday)

Is there something I'm not aware off?
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