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Symbol
Currency
TSE:MND
CAD
OTCMKTS:MNDJF
USD
Description
Mandalay Resources Corp are a gold focused mid-tier producer with two producing mines in Australia and Sweden and one exploration property. Currently they produce roughly 100koz. of gold per year. They have approximately 2.5Moz. of gold in the reserves and resources category of which 2Moz. are in the measured and indicated category. They have a market capitalisation of ~$222.59M which is a rise of roughly 63% over the last ten months. As of 10/10/2024 they have no debt and ~$55M cash. They have 93M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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General Details
Financial
12/15/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$136.44M
$222.59M
12/15/2023
$86.15M
Total Assets:
$330.00M
$330.00M
12/15/2023
$0.00M
Total Liabilities:
$140.00M
$140.00M
12/15/2023
$0.00M
Current Assets:
$120.00M
$120.00M
12/15/2023
$0.00M
Current Liabilities:
$88.00M
$88.00M
12/15/2023
$0.00M
Total Debt:
$23.00M
$0.00M
10/10/2024
$-23.00M
Cash:
$22.00M
$55.00M
10/10/2024
$33.00M
Enterprise Value:
$137.44M
$167.59M
04/24/1975
$30.15M
Cash Flow:
$38.76M
$108.29M
never
$69.53M
Cash Flow Multiple:
3.52
2.06
never
-1.46
Net Debt to Cash Flow Ratio:
0.03
n/a
never
0.00
Finance within 1 year:
12/15/2023
n/a
Misc
12/15/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
93,000,000
93,000,000
12/15/2023
0
Shares (FD):
95,000,000
95,000,000
12/15/2023
0
Insider Ownership:
n/a
n/a
never
n/a
Dividend (Annual):
n/a
n/a
never
n/a
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Production ETA:
n/a
n/a
12/15/2023
n/a
Production (Gold Eq Oz.):
(guess) 100,000
(guess) 100,000
12/15/2023
0
Production (Silver Eq Oz.) :
(guess) 8,444,260
(guess) 8,002,635
12/15/2023
-441,625
Initial CapEx (Outstanding):
n/a
n/a
12/15/2023
n/a
Funding Option:
n/a
n/a
12/15/2023
n/a
Documentation:
none
PRODUCER
10/10/2024
n/a
Future MCap Modifier:
0.2Producer: Growth Potential
0.2Producer: Growth Potential
04/24/2023
0
Cash Flow Multiplier:
8
8
04/17/2023
0.00
Resource Data
GOLD
12/15/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
0.80M
0.80M
12/15/2023
0.00M
Measured & Indicated:
2.00M
2.00M
12/15/2023
0.00M
Inferred:
0.50M
0.50M
12/15/2023
0.00M
Reserves & Resources:
2.50M
2.50M
never
0.00M
P L A U S I B L E
Proven & Probable:
0.72M
0.72M
12/15/2023
0.00M
Measured & Indicated:
1.58M
1.58M
12/15/2023
0.00M
Inferred:
0.23M
0.23M
12/15/2023
0.00M
Reserves & Resources:
1.81M
1.81M
never
0.00M
C U R R E N T
Annual Production:
(guess) 100,000oz.
(guess) 100,000oz.
12/15/2023
0oz.
Cash Cost:
$1,100
$1,100
12/15/2023
$0.00
Extra Operating Cost:
$550
$550
12/15/2023
$0.00
Total:
$1,650
$1,650
12/15/2023
$0.00
Margin (Free Cash Flow):
$388 (19%)
$1,083 (40%)
$695.30
G R A D E
Underground (Avg):
2.00 g/t
8.00 g/t
03/23/2024
6.00 g/t
Open Pit (Avg):
n/a
1.50 g/t
03/23/2024
1.50 g/t
Recovery Rate:
(CG) 90.00%
(CG) 90.00%
10/10/2024
0.00%
F U T U R E
Proven & Probable:
2.00M
2.00M
12/15/2023
0.00M
Annual Production:
100,000oz.
100,000oz.
12/15/2023
0oz.
Cash Cost:
$1,100
$1,100
12/15/2023
$0
Extra Operating Cost:
$550
$550
12/15/2023
$0
SILVER
12/15/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
12/15/2023
0.00M
Measured & Indicated:
n/a
n/a
12/15/2023
0.00M
Inferred:
n/a
n/a
12/15/2023
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
P L A U S I B L E
Proven & Probable:
n/a
n/a
12/15/2023
0.00M
Measured & Indicated:
n/a
n/a
12/15/2023
0.00M
Inferred:
n/a
n/a
12/15/2023
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
12/15/2023
$0.00
Extra Operating Cost:
n/a
n/a
12/15/2023
$0.00
Total:
n/a
n/a
12/15/2023
$0.00
Margin (Free Cash Flow):
n/a
$0.00
G R A D E
Underground (Avg):
n/a
n/a
12/15/2023
n/a
Open Pit (Avg):
n/a
n/a
12/15/2023
n/a
Recovery Rate:
n/a
n/a
12/15/2023
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
12/15/2023
0.00M
Annual Production:
n/a
n/a
12/15/2023
n/a
Cash Cost:
n/a
n/a
12/15/2023
n/a
Extra Operating Cost:
n/a
n/a
12/15/2023
n/a
Property
Last Analysis Data (12/15/2023)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Production
Costerfield, Victoria , Australia
Costerfield / Cuffley
100%
1,300
n/a
show
Low cash costs.
PEA to expand production to Cuffley. 500,000 oz deposit.
Update -
12/21: P&P 312 Koz gold
2022 AISC: $925 - $1025 AuEq
Exploration
La Serena , Chile
La Quebrada
100%
n/a
n/a
show
11 million oz silver deposit.
Becoming an advanced project.
2023 Update: Care & Maintenance spending of $100K and options being evaluated.
Production
Skelleftea , Sweden
Bjorkdal
100%
n/a
n/a
show
45,000 oz production at very high cash costs. They plan to double production by 2016.
2022 Update: AISC $1325 - $1475; P&P 542Koz gold
Total Land Package Size (ha):
1,300
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Production
Costerfield, Victoria , Australia
Costerfield / Cuffley
100%
1,300
n/a
show
Low cash costs.
PEA to expand production to Cuffley. 500,000 oz deposit.
Update -
12/21: P&P 312 Koz gold
2022 AISC: $925 - $1025 AuEq
Exploration
La Serena , Chile
La Quebrada
100%
n/a
n/a
show
11 million oz silver deposit.
Becoming an advanced project.
2023 Update: Care & Maintenance spending of $100K and options being evaluated.
Production
Skelleftea , Sweden
Bjorkdal
100%
n/a
n/a
show
45,000 oz production at very high cash costs. They plan to double production by 2016.
2022 Update: AISC $1325 - $1475; P&P 542Koz gold
Total Land Package Size (ha):
1,300
Profitability (by resource)
Proven & Probable
12/15/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
0.80M
0.80M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-3.53M
P L A U S I B L E
Gold Eq. Oz.:
0.72M
0.72M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-3.18M
Maximum Profit (Gold):
$279.07M
$779.69M
n/a
$500.62M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$279.07M
$779.69M
n/a
$500.62M
Max Profit / Current MCap:
2.045
3.503
n/a
1.457
Max Profit Per Share (Gold):
$2.94
$8.21
n/a
$5.27
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$2.94
$8.21
n/a
$5.27
Total Free Profit Per Share:
$1.01
$4.97
n/a
$3.96
FD MCap / Gold Eq.:
$189.50
$309.15
n/a
$119.65
FD MCap / Silver Eq.:
$2.24
$3.86
n/a
$1.62
FD MCap / Per Metal as % Spot Price:
9.30%
11.31%
n/a
2.01%
Measured & Indicated
12/15/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
2.00M
2.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-8.83M
P L A U S I B L E
Gold Eq. Oz.:
1.58M
1.58M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-7.00M
Maximum Profit (Gold):
$613.96M
$1,715.31M
n/a
$1,101.36M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$613.96M
$1,715.31M
n/a
$1,101.36M
Max Profit / Current MCap:
4.500
7.706
n/a
3.206
Max Profit Per Share (Gold):
$6.46
$18.06
n/a
$11.59
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$6.46
$18.06
n/a
$11.59
Total Free Profit Per Share:
$4.53
$14.82
n/a
$10.28
FD MCap / Gold Eq.:
$86.13
$140.52
n/a
$54.39
FD MCap / Silver Eq.:
$1.02
$1.76
n/a
$0.74
FD MCap / Per Metal as % Spot Price:
4.23%
5.14%
n/a
0.91%
Reserves & Resources
12/15/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
2.50M
2.50M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-11.04M
P L A U S I B L E
Gold Eq. Oz.:
1.81M
1.81M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-7.99M
Maximum Profit (Gold):
$701.17M
$1,958.97M
n/a
$1,257.80M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$701.17M
$1,958.97M
n/a
$1,257.80M
Max Profit / Current MCap:
5.139
8.801
n/a
3.662
Max Profit Per Share (Gold):
$7.38
$20.62
n/a
$13.24
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$7.38
$20.62
n/a
$13.24
Total Free Profit Per Share:
$5.45
$17.38
n/a
$11.93
FD MCap / Gold Eq.:
$75.42
$123.04
n/a
$47.62
FD MCap / Silver Eq.:
$0.89
$1.54
n/a
$0.64
FD MCap / Per Metal as % Spot Price:
3.70%
4.50%
n/a
0.80%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
12/15/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
USD 1.0000
USD 1.0000
10/22/2024
Spot Gold:
$2,037.60
$2,732.90
10/22/2024
$695.30
Spot Silver:
$24.13
$34.15
10/22/2024
$10.02
Gold:Silver Ratio:
84.44
80.03
10/22/2024
-4.42
Spot Gold (Future):
$3,000.00
$3,000.00
$0.00
Spot Silver (Future):
$100.00
$100.00
$0.00
Gold:Silver Ratio (Future):
30.00
30.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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