Mandalay Resources Corp
TSX:MND
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Mandalay Resources Corp
TSX:MND
|
CA |
|
U
|
Uzma Bhd
KLSE:UZMA
|
MY |
|
Tempest Minerals Ltd
ASX:TEM
|
AU |
|
Fuelcell Energy Inc
NASDAQ:FCEL
|
US |
|
Symbotic Inc
NASDAQ:SYM
|
US |
|
Icahn Enterprises LP
NASDAQ:IEP
|
US |
|
J
|
Jinzai Food Group Co Ltd
SZSE:003000
|
CN |
|
S
|
Sunko Ink Co Ltd
TWSE:1721
|
TW |
|
S
|
SCB X PCL
SET:SCB
|
TH |
|
Dhampur Sugar Mills Ltd
NSE:DHAMPURSUG
|
IN |
|
Frontier Resources Ltd
ASX:FNT
|
AU |
|
J
|
J Kumar Infraprojects Ltd
NSE:JKIL
|
IN |
|
Elbit Imaging Ltd
OTC:EMITF
|
IL |
|
Global Self Storage Inc
NASDAQ:SELF
|
US |
|
L
|
Livent Corp
F:8LV
|
US |
|
Remgro Ltd
OTC:RMGOF
|
ZA |
|
F
|
Fortress Real Estate Investments Ltd
JSE:FFB
|
ZA |
|
Zhejiang Truelove Vogue Co Ltd
SZSE:003041
|
CN |
Mandalay Resources Corp
Mandalay Resources Corp. engages in the exploration, development, and mining of natural resource properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2001-08-20. The Company’s operations include the Costerfield mine, Bjorkdal gold mine and La Quebrada. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers northeast of the town of Heathcote, Victoria. The Bjorkdal gold mine operation is located within the Boliden mining district, approximately 28 kilometers northwest of the municipality of Skelleftea and approximately 750 kilometers north of Stockholm. The firm's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.
Mandalay Resources Corp. engages in the exploration, development, and mining of natural resource properties. The company is headquartered in Toronto, Ontario. The company went IPO on 2001-08-20. The Company’s operations include the Costerfield mine, Bjorkdal gold mine and La Quebrada. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers northeast of the town of Heathcote, Victoria. The Bjorkdal gold mine operation is located within the Boliden mining district, approximately 28 kilometers northwest of the municipality of Skelleftea and approximately 750 kilometers north of Stockholm. The firm's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.
Revenue Growth: Mandalay reported Q1 2025 revenue of $78 million, up 41% year-over-year, driven by strong metal prices.
Profit Surge: Net income rose 152% to $15 million compared to last year, reflecting price leverage despite lower production.
Production Decline: Gold equivalent production fell 10% year-over-year, in line with guidance, due to lower grades especially at Costerfield.
Cost Increases: Cash operating cost per ounce rose 30% to $1,348, and all-in sustaining costs increased 40% to $2,004 per ounce.
Strong Balance Sheet: The company ended the quarter with $88.3 million in cash and no debt.
Merger Announcement: Mandalay announced a merger of equals with Alkane Resources, aiming for greater scale, liquidity, and market visibility.
Exploration Progress: Exploration success at True Blue and resource growth extended mine life to over 10 years.
Guidance: Management expects higher capital and tax spending in Q2, with stronger production in the second half of the year.
