Mandalay Resources Corporation (T:MND*CA)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 76 Richmond Street East, Suite 330
TORONTO ON M5C 1P1
Tel: 1-647-2589722
Website: https://www.mandalayresources.com
IR: See website
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Key People
Bradford Alan Mills
Chairman of the Board
Frazer W. Bourchier
President, Chief Executive Officer, Director
Hashim Ahmed
Chief Financial Officer, Executive Vice President
Ryan Kane Austerberry
Chief Operating Officer
Scott A. Trebilcock
Executive Vice President and Chief Development Officer
Chris Davis
Vice President - Operational Geology and Exploration
Jasmine Virk
Senior Director - Corporate Affairs, Corporate Secretary
   
Business Overview
Mandalay Resources Corporation is a Canada-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Bjorkdal gold mine). The Company's operations include the Costerfield mine, Bjorkdal mine, and non-core operations. The Costerfield mine operation is located in Victoria, Australia, within the Costerfield mining district, approximately 10 kilometers (km) northeast of the town of Heathcote, Victoria. The Bjorkdal operation is located within the Boliden mining district, approximately 28 km northwest of the municipality of Skelleftea and approximately 750 km north of Stockholm. The Company's non-core properties include La Quebrada and Lupin. The Company's La Quebrada is a copper-silver development property located in the Coquimbo Region of Chile, neighboring the Minera San Geronimo owned Tugal open pit.
Financial Overview
For the fiscal year ended 31 December 2023, Mandalay Resources Corp revenues decreased 10% to $173.3M. Net income decreased 67% to $7.9M. Revenues reflect Costerfield segment decrease of 23% to $90.8M, Australia segment decrease of 22% to $91.4M. Net income also reflects Gold derivative contracts decrease of 90% to $651K (income), Gain on sale of subsidiary decrease from $1.8M (income) to $0K.
Employees: 474 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $211.33M as of Dec 31, 2023
Annual revenue (TTM): $237.45M as of Dec 31, 2023
EBITDA (TTM): $72.53M as of Dec 31, 2023
Net annual income (TTM): $10.77M as of Dec 31, 2023
Free cash flow (TTM): $2.13M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 92,923,925 as of Feb 16, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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