Mandalay Resources is a Canadian-based mineral resource company engaged in the acquisition, exploration, development and operation of precious and base metal assets. The company focuses on sustainably mining gold, silver and antimony in stable jurisdictions, leveraging underground mechanized methods and conventional processing technologies. Mandalay’s strategy centers on operating cash‐generative mines while advancing exploration and development projects to extend resource life and unlock value.
The company’s primary producing assets include the Costerfield gold–antimony mine in Victoria, Australia, and the Björkdal gold mine in Sweden. At Costerfield, Mandalay employs underground mining techniques and processes ore through pressure oxidation and flotation to recover gold and antimony. In Sweden, the Björkdal operation utilizes a paste backfill system and a gravity–cyanide leach circuit to produce gold from vein-hosted ore, benefiting from established infrastructure and regional expertise.
Beyond its core operations, Mandalay maintains an active exploration and resource development program to identify satellite deposits and expand existing reserves. Drilling campaigns and resource modeling in both Australia and Sweden aim to support longer mine lives and enhance production profiles. The company also evaluates additional opportunities in other jurisdictions that align with its technical capabilities and sustainability criteria.
Headquartered in Vancouver, British Columbia, Mandalay Resources is led by a management team with extensive experience in mining operations, geology and corporate finance. The company emphasizes responsible environmental stewardship and stakeholder engagement, partnering with local communities and regulatory bodies to advance its projects and ensure safe, efficient operations across its portfolio.
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