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 (MNDJF) reported its first quarter 2023 production and sales results on April 18, 2023. The company produced a total of 19,986 ounces of saleable gold equivalent, a significant drop from 29,631 ounces in the same quarter of 2022. Total sales also decreased, with 21,769 ounces of gold equivalent sold compared to 28,280 ounces a year prior. Production issues included lower processed grades at Costerfield and skilled labor shortages impacting output at Björkdal. Despite these challenges, the company maintains its guidance for 2023 production between 105,000 and 118,000 gold equivalent ounces. The average gold price for the quarter was $1,887 per ounce, showing a rise from previous periods.
Mandalay Resources Corporation (MNDJF) has filed its Annual Information Form for the year ended December 31, 2022. The report is accessible via the company’s profile on SEDAR and its website. Additionally, an updated National Instrument 43-101 compliant Technical Report has been filed, detailing operations at the Björkdal gold mine in Sweden. This report was prepared by SLR Consulting, with mineral resource estimates overseen by qualified geologists. Mandalay aims to enhance production and reduce costs, focusing on high-grade ore from the Costerfield and Björkdal mines, while prioritizing environmental responsibility and community engagement.
Mandalay Resources Corporation (MNDJF) announces the appointment of Frazer Bourchier as the new President and CEO, effective April 3, 2023. With over 32 years of industry experience, Bourchier previously held executive positions at Harte Gold Corp, Detour Gold Corporation, and Nevsun Resources Ltd. He aims to leverage Mandalay's diversified assets and healthy balance sheet to enhance growth and shareholder value. Current CEO Dominic Duffy will assist in the transition while remaining a non-executive director. The leadership change comes as the company prepares to maximize profits from its mining operations, particularly at Costerfield and Björkdal.
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