Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). The Company is focused on growing its production and reducing costs to generate significant positive cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement.
CE Mining – 25%
GMT Capital – 20%
Ruffer LP – 19%
AzValor – 12%
Dominic Duff, President and CEO
Mr. Duffy holds a B.Eng in Mining Engineering from the University of New South Wales (Sydney, Australia). He has extensive technical and operational management experience, having worked at numerous operations throughout Australia and Latin America. Prior to joining Mandalay Resources, Mr. Duffy most recently worked for Coeur d’Alene Mines and Hecla Mining Company in South America.
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On the market support
Q1 Financials – net debt free
short mine life at Costerfield – large exploration budget in 2021
Exploration upside at Costerfield and Bjorkdal
Undervalued, large exploration upside, producer and generating strong free cash flow