Welcome to our dedicated page for Mandalay Res news (Ticker: MNDJF), a resource for investors and traders seeking the latest updates and insights on Mandalay Res stock.
This page aggregates historical news coverage for Mandalay Resources Corporation under its former U.S. OTCQB ticker MNDJF. Mandalay was a Canadian-based natural resource company with producing assets at the Costerfield gold-antimony mine in Australia and the Björkdal gold mine in Sweden, as described in its public news releases.
The news flow for MNDJF includes several distinct themes. Company exploration updates detail high-grade discoveries and drilling results at Costerfield, such as the True Blue prospect and the Brunswick South extension, which were reported as being near existing underground infrastructure. Other releases focus on near-mine exploration at Björkdal, including the Lake Zone Skarn, Main Zone (Eastern Extension), and North Zone below marble, where Mandalay highlighted high-grade intercepts and potential additions to mining inventory.
Another major category of news relates to corporate developments, particularly the merger between Mandalay Resources and Alkane Resources Limited. A joint release dated August 5, 2025 reports the closing of a statutory plan of arrangement under which Alkane acquired all of the issued and outstanding Mandalay shares. Related announcements cover shareholder approvals, court orders, regulatory clearances, and the expected delisting of Mandalay shares from the TSX and transition of the combined company to trade as Alkane Resources Limited.
Investors and researchers can use this news archive to review Mandalay’s historical operational performance, exploration results, and the steps leading to its acquisition by Alkane. Because Mandalay has been acquired and its shares were expected to be delisted, the MNDJF news stream serves as a record of the company’s activities prior to its integration into Alkane Resources Limited.
Mandalay Resources Corporation has announced preliminary results from its exploration at the Youle deposit in Costerfield, Australia. The initial intercepts revealed significant gold grades: 460.5 g/t over a width of 0.11 m from drill hole BC176 and 165.1 g/t over 0.20 m from the confirmatory wedge hole BC176W1. This discovery, approximately 90 meters below previous drilling, suggests a new mineralized structure. CEO Dominic Duffy expressed excitement over the findings, emphasizing their importance for the company's ongoing exploration efforts in 2021.
Mandalay Resources Corporation (MNDJF) reported strong Q3 2020 performance, producing 22,793 saleable gold ounces, the highest since Q4 2017, and 26,001 ounces of gold equivalent sold, the best since Q1 2018. Production at Costerfield reached 14,620 saleable gold equivalent ounces, a significant improvement driven by enhanced gold grades. Björkdal produced 11,044 saleable gold ounces, though below forecast due to dilution. The company anticipates meeting or exceeding its 2020 production guidance while increasing exploration spend by $1 million at Costerfield.