Subscribe Now   -   Standard: only $199 per year   or   Premium: only $299 per year  -   Click Here

Mandalay Resources Corp

www: www.mandalayresources.com   email: g.ditomaso@mandalayresources.com
Category: Mid-tier Producer
Rating & Risk: Login to view
Profile
Notes
Forum
Your Data

Symbol Data

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 ~$220.31M which is a rise of roughly 61% over the last ten months. As of 12/15/2023 they have ~$23M debt and ~$22M cash. They have 93M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

Login or Subscribe to access Don's Summary
Alert me when stock is updated

General Details

Financial 12/15/2023
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $136.44M $220.31M 12/15/2023 $83.87M
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 $23.00M 12/15/2023 $0.00M
Cash: $22.00M $22.00M 12/15/2023 $0.00M
Enterprise Value: $137.44M $221.31M 01/05/1977 $83.87M
Cash Flow: $38.76M $96.44M never $57.68M
Cash Flow Multiple: 3.52 2.28 never -1.24
Net Debt to
Cash Flow Ratio:		 0.03 0.01 never -0.02
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) 
8,557,774		 12/15/2023 113,514
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 09/28/2024 n/a
Future MCap Modifier: 0.2
Producer: Growth Potential
 0.2
Producer: 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%) $964 (37%) $576.80
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% 09/28/2024 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 Name Owned Au Ag Cu Notes
Prod Costerfield / Cuffley 100% 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
Exp La Quebrada 100% show
11 million oz silver deposit.

Becoming an advanced project.

2023 Update: Care & Maintenance spending of $100K and options being evaluated.
Prod Bjorkdal 100% 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 Name Owned Au Ag Cu Notes
Prod Costerfield / Cuffley 100% 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
Exp La Quebrada 100% show
11 million oz silver deposit.

Becoming an advanced project.

2023 Update: Care & Maintenance spending of $100K and options being evaluated.
Prod Bjorkdal 100% 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 0.91M
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 0.82M
Maximum Profit (Gold): $279.07M $694.37M n/a $415.30M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $279.07M $694.37M n/a $415.30M
Max Profit / Current MCap: 2.045 3.152 n/a 1.106
Max Profit Per Share (Gold): $2.94 $7.31 n/a $4.37
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.94 $7.31 n/a $4.37
Total Free Profit Per Share: $1.01 $4.14 n/a $3.13
FD MCap / Gold Eq.: $189.50 $305.98 n/a $116.49
FD MCap / Silver Eq.: $2.24 $3.58 n/a $1.33
FD MCap / Per Metal
as % Spot Price:		 9.30% 11.70% n/a 2.40%
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 2.27M
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 1.80M
Maximum Profit (Gold): $613.96M $1,527.61M n/a $913.65M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $613.96M $1,527.61M n/a $913.65M
Max Profit / Current MCap: 4.500 6.934 n/a 2.434
Max Profit Per Share (Gold): $6.46 $16.08 n/a $9.62
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $6.46 $16.08 n/a $9.62
Total Free Profit Per Share: $4.53 $12.91 n/a $8.38
FD MCap / Gold Eq.: $86.13 $139.08 n/a $52.95
FD MCap / Silver Eq.: $1.02 $1.63 n/a $0.61
FD MCap / Per Metal
as % Spot Price:		 4.23% 5.32% n/a 1.09%

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 2.84M
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 2.05M
Maximum Profit (Gold): $701.17M $1,744.60M n/a $1,043.43M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $701.17M $1,744.60M n/a $1,043.43M
Max Profit / Current MCap: 5.139 7.919 n/a 2.780
Max Profit Per Share (Gold): $7.38 $18.36 n/a $10.98
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $7.38 $18.36 n/a $10.98
Total Free Profit Per Share: $5.45 $15.19 n/a $9.74
FD MCap / Gold Eq.: $75.42 $121.78 n/a $46.36
FD MCap / Silver Eq.: $0.89 $1.42 n/a $0.53
FD MCap / Per Metal
as % Spot Price:		 3.70% 4.66% n/a 0.96%

Future Valuation (Cash Flow & Totals)

Login to view

Defaults

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×