Latest news with #MandalayResources
Globe and Mail
2 days ago
- Business
- Globe and Mail
CEO.CA's Inside the Boardroom: Mandalay Resources CEO: "This is Just the Beginning" After Beating Q1 & Announcing Merger
Toronto, Ontario--(Newsfile Corp. - June 11, 2025) - (" the leading investor social network in junior resource and venture stocks, shares exclusive updates with CEOs of junior mining explorers. Founded in 2012, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies. Meet the Executive Shaping the Mining Landscape 'Inside the Boardroom' is more than just an interview series - it's a chance to gain firsthand knowledge from industry leaders, understanding their vision, challenges, and strategy. We invited Frazer Bourchier, President & CEO of Mandalay Resources Corp. (TSX: MND) (OTCQB: MNDJF) to talk to us about the company's rationale for a recently announced merger with Alkane Resources. We also discuss Mandalay's impressive revenue growth and large cash position, and what the company plans to do with capital allocation. Mandalay Resources Cannot view this video? Visit: Tune in to 'Inside the Boardroom' each week and be part of the conversation that's shaping the business landscape. Visit or our YouTube page for hundreds more executive interviews from here. Interested in showcasing your company on 'Inside the Boardroom'? Get in touch with our team at sales@ for further details and opportunities. About The leading community for investors & traders in junior resource & venture stocks. is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at to set up your free account. is a wholly owned subsidiary of EarthLabs, Inc. For further information please contact: Neither the TSX Venture Exchange ("TSXV"), OTC Best Market "(OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement The information regarding any issuer contained or referred to in any interviews conducted by has been furnished by such issuer directly, and neither nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Yahoo
18-05-2025
- Business
- Yahoo
3 Promising TSX Penny Stocks With Market Caps Up To CA$500M
As the Canadian market navigates a landscape of easing trade tensions and steady interest rates, investors are keenly assessing opportunities that align with these evolving conditions. Penny stocks, while an old term, remain relevant as they often represent smaller or newer companies that can offer unique growth prospects at lower price points. By focusing on those with strong financials and clear growth potential, investors might uncover promising opportunities in this often-overlooked segment of the market. Name Share Price Market Cap Financial Health Rating Westbridge Renewable Energy (TSXV:WEB) CA$0.81 CA$81.93M ★★★★★★ NTG Clarity Networks (TSXV:NCI) CA$2.24 CA$99.44M ★★★★★★ Thor Explorations (TSXV:THX) CA$0.60 CA$372.57M ★★★★☆☆ Orezone Gold (TSX:ORE) CA$1.03 CA$542.77M ★★★★★☆ Mandalay Resources (TSX:MND) CA$4.81 CA$449.65M ★★★★★★ McChip Resources (TSXV:MCS) CA$0.63 CA$3.6M ★★★★☆☆ PetroTal (TSX:TAL) CA$0.60 CA$539.99M ★★★★★☆ Pulse Seismic (TSX:PSD) CA$2.63 CA$128.41M ★★★★★★ Findev (TSXV:FDI) CA$0.45 CA$14.18M ★★★★★★ BluMetric Environmental (TSXV:BLM) CA$1.30 CA$49.19M ★★★★★★ Click here to see the full list of 902 stocks from our TSX Penny Stocks screener. Let's take a closer look at a couple of our picks from the screened companies. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Avino Silver & Gold Mines Ltd. focuses on acquiring, exploring, and advancing mineral properties in Mexico with a market cap of CA$455.18 million. Operations: Avino Silver & Gold Mines Ltd. has not reported any specific revenue segments. Market Cap: CA$455.18M Avino Silver & Gold Mines Ltd. has demonstrated substantial earnings growth, with a 778.6% increase over the past year, surpassing industry averages. The company reported first-quarter 2025 sales of US$18.84 million and net income of US$5.62 million, reflecting improved profitability and operational efficiency compared to the previous year. Avino's debt is well-managed, with cash exceeding total debt and strong coverage by operating cash flow and EBIT. The management team is experienced, contributing to stable operations despite low return on equity at 9.9%. Recent filings for a $100 million shelf registration indicate potential capital raising activities ahead. Click here and access our complete financial health analysis report to understand the dynamics of Avino Silver & Gold Mines. Assess Avino Silver & Gold Mines' future earnings estimates with our detailed growth reports. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Geodrill Limited, along with its subsidiaries, offers mineral exploration drilling services to mining companies in West Africa, Egypt, Chile, and Peru, with a market cap of CA$161.77 million. Operations: The company generates revenue primarily from its Business Services segment, amounting to $157.14 million. Market Cap: CA$161.77M Geodrill Limited has shown robust financial performance, with first-quarter 2025 sales increasing to US$48.75 million from the previous year's US$34.67 million and net income rising to US$5.61 million. The company's short-term assets of $105.8M comfortably cover both its short-term and long-term liabilities, indicating strong liquidity management. Geodrill's debt is well-covered by operating cash flow, and it maintains more cash than total debt, enhancing financial stability despite an increased debt-to-equity ratio over five years. With a price-to-earnings ratio of 9x below the Canadian market average, Geodrill presents a potentially attractive valuation for investors seeking value in penny stocks. Click here to discover the nuances of Geodrill with our detailed analytical financial health report. Review our growth performance report to gain insights into Geodrill's future. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Loncor Gold Inc. is a gold exploration company focused on acquiring, exploring, and developing precious metal projects in the Democratic Republic of the Congo, with a market cap of CA$137.61 million. Operations: Loncor Gold Inc. has not reported any revenue segments. Market Cap: CA$137.61M Loncor Gold Inc., a pre-revenue gold exploration company, is focused on its Adumbi deposit in the Democratic Republic of the Congo. Recent results from borehole LADD029 showed promising mineralization, with intersections including 22.31 metres grading 3.05 g/t gold and other significant sections. Despite a net loss of US$0.82 million in Q1 2025, Loncor's strategic drilling efforts aim to expand its resource base into a Tier 1 project. The company recently announced a private placement to raise up to CA$5 million, which could bolster its financial position amid current liabilities exceeding short-term assets by US$0.59 million. Jump into the full analysis health report here for a deeper understanding of Loncor Gold. Examine Loncor Gold's past performance report to understand how it has performed in prior years. Discover the full array of 902 TSX Penny Stocks right here. Looking For Alternative Opportunities? AI is about to change healthcare. These 23 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:ASM TSX:GEO and TSX:LN. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. 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The Market Online
30-04-2025
- Business
- The Market Online
Gold Report: AI, M&A and exploration upside
Alkane Resources (ASX:ALK) and Mandalay Resources (TSX:MND) will merge their three operating mines, offering exposure to combined production of more than 180,000 ounces per year at a market capitalization of more than A$1 billion. Click here for the full story. By the ounce At the time of writing on Tuesday, the price of gold sat at US$3,324.90, down from US$3,436 per ounce in our April 23 report, according to data from The Globe and Mail, as companies adapt to Trump tariffs and global equity markets continue to regain their footing. This week in gold STLLR Gold (TSX:STLR) delivered improved gold grades from drilling at its Tower project in Ontario with the help of artificial intelligence. Outcrop Silver and Gold (TSXV:OCG) reported a high-grade discovery at its Santa Ana silver project in Colombia, marking its fifth over the past year. As the price of gold hovers near its all-time-high, explorers with sizeable resources offer strong investment potential, especially in regions that have made their name through discovery and production of the yellow metal. Desert Gold Ventures (TSXV:DAU), a Canadian gold explorer active in West Africa, fits this thesis to a tee. Top trending gold stocks Join the discussion: Find out what everybody's saying about the stories in this week's gold report on Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here. (Top image, generated by AI: Adobe Stock)
News.com.au
28-04-2025
- Business
- News.com.au
The latest billion dollar gold merger shows the M&A tap continues to flow
Alkane Resources has announced a merger of equals with TSX-listed Mandalay Resources Will create a $1bn player with 180,000ozpa gold equivalent production and $188m in cash That makes the combined group a legitimate contender in future M&A processes The newest billion dollar gold player on the ASX is setting itself up to build a stronger hand in the poker game brewing over Australia's gold scene. Alkane Resources (ASX:ALK), the owner of the Tomingley gold mine in New South Wales, and TSX-listed Mandalay Resources, which owns the Costerfield mine in Victoria and Björkdal mine in Sweden, announced the merger of equals yesterday. The combination, which will create a pro-forma $1.013bn gold producer with a primary Aussie listing, is the latest to emerge as gold prices bounce along at a near record price of US$3300/oz. While it's been in the works for months, the deal comes after a flood of activity such as Northern Star Resources' (ASX:NST) $6bn takeover of Hemi gold project owner De Grey Mining, Ramelius Resources' (ASX:RMS) and Spartan Resources' (ASX:SPR) proposed $4.2bn merger, Gold Road Resources (ASX:GOR) rebuffing a $3.3bn takeover offer from its Gruyere JV partner Gold Fields and a host of project level acquisitions of assets spat out by overstuffed majors. After the deal clears shareholders and foreign investment approvals, the combined entity will have a pro-forma production profile of 160,000ozpa gold equivalent rising to 180,000ozpa from 2026, with $188m of combined cash in the bank. While their dispersed operations may have few obvious synergies, that as well as the enhanced liquidity will provide Alkane with inclusion to various indices including the GDX and ASX 300 – bringing passive investment flows into play – and make the company a more meaningful player when it comes to competitive M&A. "So that's one aspect that allows us to do inorganic growth," Alkane MD Nic Earner, who will become MD of the combined entity, said. "The second thing that allows us to do inorganic growth is … some of these non-funded developers, we could if we so chose pick one of those up and have a pathway through to development pretty easily. "Whereas if you pick that up as a smaller company, people are like, 'oh, you're going to have to do some sort of dilutive raising'. So it opens both of those avenues should the board choose to take them." Exploration muscle Earner added that each of the Tomingley, Björkdal and Costerfield assets, the latter also the largest antimony producer in the West, all have opportunities to extend their lives and expand their production profiles via exploration and infrastructure developments. While that may be in the order of 15-20%, Earner says at current gold prices, that is significant in terms of the cash they can generate. There are already some obvious takeover targets once the deal completes. Alkane already holds ~6% of WA gold developer Medallion Metals (ASX:MM8), while Mandalay's Costerfield sits up the road from gold-antimony exploration darling Southern Cross Gold (ASX:SX2) in Victoria. Earner and Mandalay president Frazer Bourchier acknowledged those would be companies in the "upper quartile" of opportunities to look at. However, they said future M&A decisions, if any, would be up to the miner's incoming board, which will include two nominees from Alkane (including Earner), three from Mandalay and an independent chair in Barrick director Andy Quinn. Gold prices could, ironically, become a barrier to future deals as developer valuations follow producers higher. "You can go back to the development path of Bellevue for instance. They were very open to a sale transaction but the valuations they received meant that they were pushed into a development pathway," Earner noted. "You can have the best will in the world but just not agree on value. And I'm not saying that's with one of those other parties, what I'm saying is that it's a difficulty at the moment as everybody and their shareholder base hopes for more value to come." But the desire to build scale and cash flows at a time of record gold prices does mean more consolidation is on the horizon. "What (the gold price is) really doing is differentiating between those who are generating cash and those that aren't. And that drives the M&A landscape a lot," Earner said. "In our particular case, if you look at the amount of free cash that we'll be generating and you look at where our market cap is, you can see a lot of value and a lot of upside in our stock. "I do expect consolidation in the sector." Bourchier said there remained undervalued gold stocks in the market, with a sense of disbelief keeping the valuations of explorer and developers suppressed, while he shares the opinions of bullish commentators that generalist money had not yet flowed into the gold equity market. "Even irrespective of all that scale and size matter in this industry, getting that capital market scale moving up a level will get us more attention," he added. Antimony kicker Mandalay, which has seen its shares lift 115% in the past year in Toronto, has received a two-pronged boost in recent times. It's on track to produce 85,000-95,000 gold equivalent ounces this year. That includes 1050-1150t of antimony from Costerfield, the only material commercial producer of the critical mineral outside China, Russia and Tajikistan. That's been a massive bonus, with export controls from China in September last year, followed by a complete ban on exports to the US in December, sending prices up from ~US$13,000/t at the start of 2024 to over US$55,000/t today. It makes Costerfield a strategic asset for the West, with the price rise seeing the share of revenue generated by the commodity at the mine lift from around 10% to ~30%. For the combined group it will make up around 12-15% of revenues, Earner said. Bourchier stressed that the company would be a gold company with an antimony "side angle". Yet the strategic significance of the Costerfield asset remains stark. How Costerfield works is that half of its gold is recovered from a gravity circuit, and is sent to Melbourne for refining. The other half reports to a concentrate with both gold and antimony which is shipped to China, Oman and Mexico for processing. Used in artillery and solar panels, the commodity became a key talking point after China issued export controls, ostensibly in response to US restrictions on the export of semiconductor parts and technology. "Russia, Tajikistan and China produce 87-90% of all the world's antimony. That means, ironically, Costerfield, Mandalay, and now MergeCo, are the largest producer of antimony in the Western world," Bourchier said. "There's a lot of mom and pops in Bolivia, a little bit in Turkiye, some in Peru, but as far as the largest recognised producer – not companies that plan or hope to produce like maybe Southern Cross or Perpetua or Larvotto – but actual producer for the last 15 years, is us. "That's partly a reflection of how limited that world is, and because of the strategic angle of antimony. "Because of the geopolitical situation it's given an extra amount of attention to our company, and not just because of the revenue and the extra cash we generate from that, but also because of the importance and significance of that critical mineral." Earner, who previously worked as a general manager at developer Larvotto's Hillgrove site, said the combined company would maintain the market knowledge built by Mandalay, with key executives including chief operating officer Ryan Austerberry to join the enlarged group.
Yahoo
24-02-2025
- Business
- Yahoo
3 TSX Penny Stocks Under CA$500M Market Cap
As the Canadian TSX index experiences modest growth of around 3% this year, investors are paying close attention to stabilizing yields and moderated inflation rates. For those interested in exploring smaller or newer companies, penny stocks—despite their somewhat outdated name—remain a relevant investment area with potential for hidden value. By focusing on financial strength and growth prospects, these stocks can offer opportunities for significant returns amidst current market conditions. Name Share Price Market Cap Financial Health Rating Mandalay Resources (TSX:MND) CA$4.83 CA$453.58M ★★★★★★ Alvopetro Energy (TSXV:ALV) CA$4.83 CA$176.58M ★★★★★★ Findev (TSXV:FDI) CA$0.52 CA$14.9M ★★★★★★ PetroTal (TSX:TAL) CA$0.69 CA$632.31M ★★★★★★ NamSys (TSXV:CTZ) CA$1.20 CA$32.24M ★★★★★★ East West Petroleum (TSXV:EW) CA$0.045 CA$4.07M ★★★★★★ Foraco International (TSX:FAR) CA$2.00 CA$197.39M ★★★★★☆ New Gold (TSX:NGD) CA$4.02 CA$3.18B ★★★★★☆ Orezone Gold (TSX:ORE) CA$0.90 CA$416.19M ★★★★★☆ Hemisphere Energy (TSXV:HME) CA$1.90 CA$184.47M ★★★★★☆ Click here to see the full list of 934 stocks from our TSX Penny Stocks screener. Let's review some notable picks from our screened stocks. Simply Wall St Financial Health Rating: ★★★★☆☆ Overview: DATA Communications Management Corp. offers solutions to streamline complex marketing and communication workflows mainly in the United States and Canada, with a market cap of CA$121.13 million. Operations: The company generates revenue primarily through its Printing & Publishing segment, which accounts for CA$493.70 million. Market Cap: CA$121.13M DATA Communications Management Corp. is navigating its financial challenges with strategic moves, including a newly initiated quarterly dividend program and a special cash dividend of CA$0.20 per share. Despite being unprofitable, the company has improved its financial position over the past five years by transitioning from negative to positive shareholder equity. It trades at a significant discount to estimated fair value and has sufficient cash runway for more than three years due to positive free cash flow growth. However, it faces high net debt levels and long-term liabilities exceeding short-term assets, posing potential risks for investors. Take a closer look at DATA Communications Management's potential here in our financial health report. Review our growth performance report to gain insights into DATA Communications Management's future. Simply Wall St Financial Health Rating: ★★★★★★ Overview: Mandalay Resources Corporation, along with its subsidiaries, focuses on the acquisition, exploration, extraction, processing, and reclamation of mineral properties across Australia, Sweden, Chile, and Canada with a market capitalization of CA$453.58 million. Operations: Mandalay Resources Corporation does not report specific revenue segments. Market Cap: CA$453.58M Mandalay Resources Corporation has demonstrated strong financial performance, with earnings growing by a substantial 507.6% over the past year and net profit margins rising to 19.8%. The company reported significant revenue growth, with sales reaching US$240.66 million for 2024, up from US$173.34 million the previous year. Despite a relatively new management team with an average tenure of 1.8 years, Mandalay's strategic focus on exploration and resource expansion is evident through promising drill results at its True Blue prospect in Australia and successful discoveries at its Björkdal operation in Sweden. Additionally, Mandalay trades at a favorable value compared to industry peers while maintaining robust coverage of debt by operating cash flow and interest payments by EBIT. Click to explore a detailed breakdown of our findings in Mandalay Resources' financial health report. Examine Mandalay Resources' earnings growth report to understand how analysts expect it to perform. Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Supremex Inc. is a manufacturer and marketer of envelopes, paper-based packaging solutions, and specialty products operating in Canada and the United States with a market cap of CA$99.47 million. Operations: Supremex Inc. does not report specific revenue segments. Market Cap: CA$99.47M Supremex Inc. faces challenges with recent financial performance, reporting a net loss of CA$11.74 million for 2024, contrasting with a previous year's profit. Despite this, the company maintains a strong liquidity position as short-term assets exceed liabilities and debt is well-covered by operating cash flow. The stock trades at an attractive valuation below its estimated fair value and offers a dividend yield of 3.95%, though not fully covered by earnings due to unprofitability. Supremex's management team is experienced, contributing to stable operations despite the lack of profitability in recent years and increased losses over five years. Jump into the full analysis health report here for a deeper understanding of Supremex. Assess Supremex's future earnings estimates with our detailed growth reports. Access the full spectrum of 934 TSX Penny Stocks by clicking on this link. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Jump on the AI train with fast growing tech companies forging a new era of innovation. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include TSX:DCM TSX:MND and TSX:SXP. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
