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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: 0.95 CAD

TSX:MND
Market: TSX
Market Cap: $86.49 m
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Mandalay Resources expecting busy year on projects in Australia and Sweden

Mandalay Resources (TSX-MND) President and CEO Dominic Duffy joined Steve Darling from Proactive Investors Vancouver to discuss the latest progress on two of their projects. Duffy discussing Costerfield in Australia and Bjorkdal in Sweden. Duffy telling Proactive what work they have...

on 25/6/19

2 min read