Mandalay Resources Corporation (T:MND)
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 |
| 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: | $207.24M as of Dec 31, 2023 |
| Annual revenue (TTM): | $237.48M as of Dec 31, 2023 |
| EBITDA (TTM): | $72.54M 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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