Industria
Mandalay Resources Announces Appointment of a New Board Member
Bradford Mills , Executive Chair, commented:
"On behalf of the Board, I'm thrilled to welcome John to Mandalay as our new independent director. His extensive industry experience and track record in building successful mining operations will be invaluable as we continue to execute our strategic initiatives."
Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia (Costerfield gold-antimony mine) and Sweden (Björkdal gold mine). The Company is focused on growing its production and reducing costs to generate significant positive cashflow. Mandalay is committed to operating safely and in an environmentally responsible manner, while developing a high level of community and employee engagement.
Mandalay's mission is to create shareholder value through the profitable operation and continuing the regional exploration program, at both its Costerfield and Björkdal mines. Currently, the Company's main objectives are to continue mining the high-grade Youle vein at Costerfield, ramping up production from deeper Shepherd veins, both of which will continue to supply high-quality ore to the processing plant, and to extend Mineral Reserves. At Björkdal, the Company will continue to produce from the Aurora zone and other higher-grade areas in the coming years, in order to maximize profit margins from the mine.
For Further Information: Frazer Bourchier, President and Chief Executive Officer; Edison Nguyen, Director, Business Valuations and IR; Contact: 647.258.9722
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