Mandalay Resources Corporation
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Frazer William Bourchier BASc, MASc,
- Full Time Employees
- 594
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 76 Richmond Street East Toronto ON Canada M5C 1P1
- IPO Date
- Jan 17, 2012
- Website
- mandalayresources.com
- Similar Companies
- Business
- Mandalay Resources Corporation operates as a Canadian-based natural resource company focused on the acquisition, exploration, development, and production of gold, silver, and antimony deposits using underground mechanized mining and conventional processing methods. The company produces gold and antimony from its Costerfield gold-antimony mine in Victoria, Australia, including high-grade ore from the Youle, Shepherd, and Brunswick veins; gold from its Björkdal gold mine in Skellefteå, Sweden, targeting the Aurora zone, Eastern Extension, and higher-grade areas; and related activities encompassing extraction, processing, and reclamation. Founded in 1997 and formerly headquartered in Toronto, Ontario, with operations in stable jurisdictions including Australia and Sweden, Mandalay targets cash-generative mining while advancing near-mine exploration to extend mineral reserves and resources. In August 2025, Mandalay completed a merger of equals with Alkane Resources Limited (ASX: ALK), under which Alkane acquired all Mandalay shares at a ratio of 7.875 Alkane shares per Mandalay share, forming a combined dual-listed gold and antimony producer operating Costerfield, Björkdal, and Alkane's Tomingley gold mine in New South Wales, Australia. The transaction, approved by shareholders with 99.85% support and the Supreme Court of British Columbia, delisted Mandalay from the TSX and positioned the entity—retained under the Alkane name and headquartered in Perth, Australia—with pro forma cash of A$218 million, projected FY2025 production of 160,000 gold equivalent ounces rising to over 180,000 in 2026, and enhanced scale for further acquisitions and exploration. Former Mandalay executives, including CEO Frazer Bourchier as a non-executive director, COO Ryan Austerberry, and VP Chris Davis, integrated into Alkane to ensure operational continuity at Costerfield and Björkdal.
Mandalay Resources (OTCMKTS:MNDJF) Trading Up 5.7% – Here’s What Happened
Alkane and Mandalay Announce Closing of Merger
Mandalay Obtains Final Order Approving Arrangement with Alkane
CEO.CA's Inside the Boardroom: Mandalay and Alkane Merger Set to Close After July 28th Vote
Mandalay Shareholders Overwhelmingly Approve Transaction with Alkane Resources
Mandalay Extends High-Grade True Blue Discovery and Deploys Additional Drill Rigs at Costerfield Gold-Antimony Mine
Mandalay Resources Discovers High-Grade Skarn and Provides Update on Near Mine Exploration at Björkdal
Mandalay Resources Reports Steady Q2 Production, US$101M Cash and Crucial Investment to Support Growth at Costerfield
Mandalay Announces Receipt of Australian FIRB Approval and Interim Order in connection with its Proposed Merger with Alkane
Mandalay Announces Receipt of Swedish Regulatory Approval for Proposed Merger of Equals
CEO.CA's Inside the Boardroom: Mandalay Resources CEO: "This is Just the Beginning" After Beating Q1 & Announcing Merger
Mandalay Resources Strengthens Financial Position in Q1 2025 With Strong Profit Growth and US$88 Million Cash
Mandalay Resources Provides Target Release Date for its First Quarter 2025 Financial Results and Conference Call
Alkane and Mandalay Combine to Create Growing Gold and Antimony Producer
Mandalay Resources Reports Q1 2025 Gold and Antimony Production In-Line with 2025 Guidance
Mandalay Resources Corporation Announces Filing of Annual Information Form and Updated NI 43-101 Technical Reports for its Björkdal and Costerfield Operations
Mandalay Resources Announces Record Financial Performance in 2024, Generating $69 Million in Free Cash Flow
Mandalay Resources Reports 2024 Mineral Reserves and Resources Approaching Two Million Gold Equivalent Ounces in Measured and Indicated Resources
Mandalay Resources Provides Target Release Date for its Fourth Quarter and Year-end 2024 Financial Results and Conference Call
Mandalay Intercepts 578 g/t Gold and 20% Antimony over 0.47 Metres at True Blue, a Potential Costerfield Mine Extension