reports
Alkane and Mandalay Announce Closing of Merger
Alkane and Mandalay Announce Closing of Merger PERTH, Australia and TORONTO, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Alkane Resources Limited (ASX: ALK) (“Alkane”) and Mandalay Resources Corporation (“Mandalay”) (TSX: MND, OTCQB: MNDJF) are pleased to announce the successful closing of their merger. The transaction was effected by way of a statutory plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), whereby Alkane acquired all of the issued and outstanding common shares of Mandalay (the “Mandalay Shares”). Under the terms of the Arrangement, Mandalay...
Mandalay Obtains Final Order Approving Arrangement with Alkane
Mandalay Obtains Final Order Approving Arrangement with Alkane TORONTO, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) is pleased to announce that the Supreme Court of British Columbia has issued a final order approving the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), pursuant to which Alkane Resources Limited (“Alkane”) will acquire all of the issued and outstanding common shares of Mandalay (“Mandalay Shares”). Under the Arrangement, sharehold...
Mandalay Discovers New High-Grade Gold Trend at Brunswick South, Adjac...
Mandalay Discovers New High-Grade Gold Trend at Brunswick South, Adjacent to Existing Costerfield Infrastructure TORONTO, July 29, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) reports exploration results from the Brunswick South extension, part of the operating Costerfield gold-antimony mine in Australia. Highlights: Discovery sits just 300 m from active access drive along the Brunswick line.All three drillholes hit high-grade veining: 76.6 g/t Au over 0.49 m (ETW 0.44 m) in BD387;265.0 g/t A...
Mandalay Shareholders Overwhelmingly Approve Transaction with Alkane R...
Mandalay Shareholders Overwhelmingly Approve Transaction with Alkane Resources TORONTO, July 28, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce that Mandalay shareholders (the “Mandalay Shareholders”) have overwhelmingly approved a special resolution (the “Arrangement Resolution”) authorizing an arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”) pursuant to which Alkane Resources Limited (“Alkane”) (ASX: ALK, OTC: ALKEF) will indirectly acquire all of the issued and o...
Mandalay Extends High-Grade True Blue Discovery and Deploys Additional...
Mandalay Extends High-Grade True Blue Discovery and Deploys Additional Drill Rigs at Costerfield Gold-Antimony Mine TORONTO, July 21, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces an exploration update on the True Blue discovery near the operating Costerfield gold-antimony mine in Australia. Highlights: Drilling confirms structural and grade continuity increasing confidence.Highlights include: 155.0g/t Au and 3.7% Sb or 164 g/t AuEq over 0.30 m (ETW 0.20m) in TB043;19.9g/t Au and 2.1% Sb or 25 g/t AuEq over...
Mandalay Resources Discovers High-Grade Skarn and Provides Update on N...
Mandalay Resources Discovers High-Grade Skarn and Provides Update on Near Mine Exploration at Björkdal TORONTO, July 14, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) reports continued exploration success at its Björkdal mine in Sweden, including the exciting discovery of a new underground high-grade skarn zone near existing mine development which could bring higher grades to the mill in the near-term. Additionally, ongoing infill and extension drilling to grow resources at the Main (Eastern Extension) and North Zones are de...
Mandalay Resources Reports Steady Q2 Production, US$101M Cash and Cruc...
Mandalay Resources Reports Steady Q2 Production, US$101M Cash and Crucial Investment to Support Growth at Costerfield TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces second quarter production results for the quarter ended June 30, 2025. Second Quarter Highlights: Quarter-end cash balance of $101 million, $13 million Q-o-Q increase despite significant sustaining and growth capital expenditures;Produced 22,554 consolidated gold equivalent ounces; Costerfield: 8,145 ounces of gold and 137 tonnes of a...
Mandalay Mails Management Information Circular for Special Meeting of ...
Mandalay Mails Management Information Circular for Special Meeting of Shareholders TORONTO, July 07, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND, OTCQB: MNDJF) is pleased to announce that it has mailed the management information circular (the “Circular”) and related materials for the special meeting (the “Meeting”) of Mandalay shareholders (the “Mandalay Shareholders”) to approve the previously announced plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”), pursuant to which Alkane Resources Limi...
Mandalay Announces Receipt of Australian FIRB Approval and Interim Ord...
Mandalay Announces Receipt of Australian FIRB Approval and Interim Order in connection with its Proposed Merger with Alkane TORONTO, June 26, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce that approval of the Australian Foreign Investment Review Board (“FIRB”) has been obtained in connection with the Company’s previously announced plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Alkane Resources Limited (“Alkane”) has agreed to indirectly acquire all of the ...
Mandalay Announces Receipt of Swedish Regulatory Approval for Proposed...
Mandalay Announces Receipt of Swedish Regulatory Approval for Proposed Merger of Equals TORONTO, June 18, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce that regulatory approval in Sweden has been obtained in connection with the Company’s previously announced plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which Alkane Resources Limited (“Alkane”) has agreed to indirectly acquire all of the issued and outstanding common shares of Mandalay (the “Transaction”). The...
Mandalay Resources Strengthens Financial Position in Q1 2025 With Stro...
Mandalay Resources Strengthens Financial Position in Q1 2025 With Strong Profit Growth and US$88 Million Cash TORONTO, May 07, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce financial results for the first quarter ended March 31, 2025. The Company reported a robust year-over-year 41% increase in revenue to $78.1 million, along with improvements to net income. The Company’s condensed and consolidated interim financial result for the quarter ended March 31, 2025, together with its Management’s Discussi...
Mandalay Resources Provides Target Release Date for its First Quarter ...
Mandalay Resources Provides Target Release Date for its First Quarter 2025 Financial Results and Conference Call TORONTO, May 05, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (“Mandalay” or “the Company”) (TSX: MND, OTCQB: MNDJF) announced today that its first quarter 2025 financial results will be released after market close on May 07, 2025, followed by a conference call and webcast for investors and analysts on May 08, 2025, at 10:00 AM (Toronto time). Interested investors and analysts may register and dial-in using the following . Alternatively, the webcast and presentatio...
Alkane and Mandalay Combine to Create Growing Gold and Antimony Produc...
Alkane and Mandalay Combine to Create Growing Gold and Antimony Producer Merger of Equals Increases Scale and Benefits All Shareholders Creates powerful platform underpinned by a shared vision for growth.Three cash-generating mines in premier mining jurisdictions with strong organic growth.Projected gold equivalent production of ~160,0001 ounces in 2025, increasing to over ~180,0002 ounces in 2026.Robust proforma balance sheet: A$188 / C$167 million cash to fuel growth as at 31 March 20253.Increased scale and trading liquidity anticipated to drive valuation re-rate. PERTH, Australia and ...
Mandalay Resources Reports Q1 2025 Gold and Antimony Production In-Lin...
Mandalay Resources Reports Q1 2025 Gold and Antimony Production In-Line with 2025 Guidance TORONTO, April 11, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces solid first quarter production results for the quarter ended March 31, 2025. First Quarter Highlights: Consolidated gold equivalent production of 22,342 ounces; Costerfield production of 9,549 gold ounces and 161 tonnes of antimony for 11,515 ounce of gold equivalent;Björkdal production of 10,827 gold ounces – two consecutive quarters of increased production; ...
Mandalay Resources Corporation Announces Filing of Annual Information ...
Mandalay Resources Corporation Announces Filing of Annual Information Form and Updated NI 43-101 Technical Reports for its Björkdal and Costerfield Operations TORONTO, March 28, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces that it has filed its Annual Information Form (“AIF”) for the year ended December 31, 2024. The AIF can be accessed under the Company’s profile at and on the Company’s website at . Mandalay also filed updated National Instrument 43-101 compliant Technical Reports ("NI 43-101") documenting its ...
Mandalay Resources Announces Record Financial Performance in 2024, Gen...
Mandalay Resources Announces Record Financial Performance in 2024, Generating $69 Million in Free Cash Flow TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announced its financial results for the fourth quarter and year ended December 31, 2024. The Company delivered record revenue and significant cash flow growth, highlighting its commitment to operational excellence and financial discipline. Fourth Quarter 2024 Highlights: Cash Flow: Generated $38.5 million in cash flow from operating activities and $24.6 ...
Mandalay Resources Reports 2024 Mineral Reserves and Resources Approac...
Mandalay Resources Reports 2024 Mineral Reserves and Resources Approaching Two Million Gold Equivalent Ounces in Measured and Indicated Resources TORONTO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces updated Mineral Reserves and Resources for the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden as at December 31, 2024. All dollar amounts in this press release are in U.S. dollars unless otherwise noted. Consolidated Highlights Total Mineral Reserves of 815,000 gold equival...
Mandalay Resources Provides Target Release Date for its Fourth Quarter...
Mandalay Resources Provides Target Release Date for its Fourth Quarter and Year-end 2024 Financial Results and Conference Call TORONTO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation (“Mandalay” or “the Company”) (TSX: MND, OTCQB: MNDJF) announced today that its fourth quarter and year-end 2024 financial results will be released after market close on February 20, 2025, followed by a conference call and webcast for investors and analysts on February 21, 2025, at 10:00 AM (Toronto time). Interested investors may register and dial-in using the following . Alternatively, p...
Mandalay Intercepts 578 g/t Gold and 20% Antimony over 0.47 Metres at ...
Mandalay Intercepts 578 g/t Gold and 20% Antimony over 0.47 Metres at True Blue, a Potential Costerfield Mine Extension TORONTO, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) is pleased to announce high-grade drill results at its True Blue prospect adjacent to the operating Costerfield gold-antimony mine in Victoria, Australia. Highlights of True Blue: High grades intercepted in upward extension of 2024’s maiden Inferred Mineral Resource: 578.0 g/t gold and 20.5% antimony over 0.47 m (ETW 0.33 m) in TB03116.8 g/t ...
Mandalay Resources Delivers Strong Q4 Gold and Antimony Performance, A...
Mandalay Resources Delivers Strong Q4 Gold and Antimony Performance, Achieves Top End of 2024 Production Guidance Leading to $76 Million Cash Balance TORONTO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Mandalay Resources Corporation ("Mandalay" or the "Company") (TSX: MND, OTCQB: MNDJF) announces strong operating results for the fourth quarter and full-year 2024. All currency references in this press release are in U.S. dollars, except as otherwise indicated. Fourth Quarter 2024 Highlights: Consolidated production of 25,496 gold equivalent ounces: Costerfield achieved its strongest quarter of 20...
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