logo-loader
Mandalay Resources Corp.

Mandalay Resources CEO says it aims to be debt free by year end

Brad Mills, CEO of Mandalay Resources (TSX:MND) tells Proactiveinvestors that the company will continue with the current strategy of self funded organic growth, something he says is not typical of a junior miner where there is rapidly expanding production to get cash to buy assets to raise production and continue the cycle. Brad also talks about the cash generation and the aim to be debt free by year end. If the company is in the situation of not being able to find an internal use for the cash, Brad talks of the possibility for a return to shareholders.

Quick facts: Mandalay Resources Corp.

Price: $1.29

Market: TSX
Market Cap: $117.45 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Mandalay Resources Corp. named herein, including the promotion by the Company of Mandalay Resources Corp. in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Mandalay Resources unveils positive Q4 figures

Record production in its fourth quarter helped gold and silver miner Mandalay Resources (TSE:MND) lift fourth quarter profits despite weak prices for both metals.In the three months to December 2014 revenues rose by 71% to US$67m from a year earlier, underlying profit was up by 55% to US$21.5m...

on 27/2/15

2 min read

;