Mandalay Resources is a Canadian-based natural resource Corporation with producing assets in Australia and Sweden, care and maintenance and development projects in Chile and Canada. Mandalay Resources is focused on growing production, expanding mineral resource and reducing costs at its gold-antimony operation in Australia, and its gold mine in Sweden to generate near-term sustainable positive cashflow.
Mandalay Resources’ mission is to create shareholder value through the profitable operation of its mines. Currently, the Company’s main objective is to accelerate the mining of the high-grade Youle vein at Costerfield, which is critical to the Company’s long-term goal of increasing production. At Björkdal, the Company aims to optimize ore source feed and increase production from the Aurora zone in the upcoming years to maximize profit margins.
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.