Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine), with projects in Chile and Canada under care and maintenance or development statuses. 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.