Mandalay Resources

  • Investors

Why Invest

Major Production Uplift, Stable Operations

Growing production

from 81,568 oz gold equivalent in 2018 to 105-117,000 AuEq oz in 2021

Costerfield

Significant production growth expected via Youle vein

Björkdal

Step change in underground production. Increasing underground production with higher-grade ore from Aurora zone.

High-Potential Exploration Upside

Continuing regional exploration

  • programs on known targets; seeking repetition of mineralization

Costerfield

  • Deep hole drilling below Youle and Cuffley
  • Testing shallow targets around old-workings
  • Target and generative testing focus in 2021

Björkdal

  • Extensional drilling at aurora
  • Defining mineralization and assessing the economics of the high-grade skarn deposit

Fully-Funded

Cash position of $34.2M at 2020 year-end affords Mandalay with the financial flexibility to continue funding its exploration programs and sets the Company up for future profitability and growth

Costerfield

High-grade Youle vein the major growth catalyst

Björkdal

Ramping up underground production, focusing on higher-cash margin ore

2021 Guidance
Latest Presentation
Q4 2020 Production Report
Q4 and YE2020 Financial
2020 Reserves and Resources
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