About Us

About Us

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’s mission is to create shareholder value through the profitable operation of both its Costerfield and Björkdal mines. Currently, the Company’s main objective is to continue mining the high-grade Youle vein at Costerfield, which continues to supply high-grade ore, and also focus on extending Youle’s Mineral Reserves at depth. At Björkdal, the Company will aim to increase production from the Aurora zone in the coming years to maximize profit margins from the mine.

Mandalay Resources is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement. The Company is focused on commodities in which our Board and Management have extensive experience in such as: gold, silver, antimony, and other base metals. The Company operates and has interests in countries that have a long-standing tradition in mining, low political risk and clear legal frameworks for tenure and taxation. Today, these jurisdictions include Australia and Sweden.

Mandalay Resources is Successful when:

Our employees live and work safely and experience the personal satisfaction that comes with high performance and recognition;
The communities in which we operate value our presence;
Our environmental impact is minimized and causes no permanent harm;
We have a large, diversified set of customers who are delighted with and compete for our products; and
Our shareholders realize a superior total return on their investment and support our corporate values.

Employees live and work safely

Mandalay Resources is committed to operational best practice and safety is a key pillar in our day-to-day decisions and actions. The Company is successful when our employees can work safely and when we proactively protect our people and property. The Company believes that working at Mandalay Resources provides opportunities for employees to apply their talents.

In 2019, we implemented safety improvements at both sites. At Costerfield, Mandalay Resources completed a significant policy review to ensure all aspects of the operation were covered by our safety process. At Björkdal, the workforce was introduced to the Safety Savvy, Train the Trainer Program and carried out leadership training for the management workforce.

Communities

Instilling our values into daily decision making and engagement with employees and the community is a key corporate responsibility. Mandalay Resources aims to be an effective community partner by providing meaningful and long-lasting impacts to the communities.

Environment

Mandalay Resources believes that it must manage and monitor the environmental impacts of Company-related activities and when possible cause no permanent harm. All of Mandalay Resources’ operations are conducted under valid licenses and permits. Mandalay Resources proactively monitors licensing and permitting requirements to ensure receipt of permits before they are needed for operations.

Customers

Mandalay Resources produces a variety of products for our customers worldwide. The Company believes it is vital to ensure and maintain a diversified set of customer base who are satisfied with and are willing to compete for our products.

Shareholders

Mandalay Resources remains committed to maximizing shareholder value through optimization of our organic growth opportunities and by generating sustainable positive cashflow.