Dashboard
1
Company has a low Debt to Equity ratio (avg) at times
2
Healthy long term growth as Operating profit has grown by an annual rate 55.44%
3
With a growth in Net Sales of 21.93%, the company declared Very Positive results in Mar 25
4
With ROE of 21.25%, it has a very attractive valuation with a 1.54 Price to Book Value
5
Market Beating Performance
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
257.62%
0%
257.62%
6 Months
424.27%
0%
424.27%
1 Year
803.01%
0%
803.01%
2 Years
844.22%
0%
844.22%
3 Years
144.01%
0%
144.01%
4 Years
-27.45%
0%
-27.45%
5 Years
-9.35%
0%
-9.35%
Mandalay Resources Corp. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
17.42%
EBIT Growth (5y)
87.92%
EBIT to Interest (avg)
11.20
Debt to EBITDA (avg)
Net Debt is too low
Net Debt to Equity (avg)
-0.32
Sales to Capital Employed (avg)
0.86
Tax Ratio
32.70%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
35.44%
ROE (avg)
16.95%
Valuation key factors
Factor
Value
P/E Ratio
6
Industry P/E
Price to Book Value
1.38
EV to EBIT
3.05
EV to EBITDA
2.21
EV to Capital Employed
1.56
EV to Sales
1.11
PEG Ratio
0.02
Dividend Yield
NA
ROCE (Latest)
51.13%
ROE (Latest)
22.31%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bullish
Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
No Trend
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - QoQ
Mar'25
Dec'24
Change(%)
Net Sales
111.10
91.10
21.95%
Operating Profit (PBDIT) excl Other Income
61.40
42.10
45.84%
Interest
0.20
6.30
-96.83%
Exceptional Items
-6.20
-1.80
-244.44%
Consolidate Net Profit
21.30
28.90
-26.30%
Operating Profit Margin (Excl OI)
431.60%
374.50%
5.71%
USD in Million.
Net Sales
QoQ Growth in quarter ended Mar 2025 is 21.95% vs 25.31% in Dec 2024
Consolidated Net Profit
QoQ Growth in quarter ended Mar 2025 is -26.30% vs 295.89% in Dec 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
314.40
230.80
36.22%
Operating Profit (PBDIT) excl Other Income
149.40
77.00
94.03%
Interest
8.40
11.60
-27.59%
Exceptional Items
-5.80
8.20
-170.73%
Consolidate Net Profit
65.40
10.60
516.98%
Operating Profit Margin (Excl OI)
314.50%
135.20%
17.93%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 36.22% vs -6.37% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is 516.98% vs -65.36% in Dec 2023
About Mandalay Resources Corp. 
Mandalay Resources Corp.
Gems, Jewellery And Watches
Mandalay Resources Corporation is a gold, silver and antimony producer engaged in mining and related activities, including acquisition, exploration, extraction, processing and reclamation. The Company's segments include Australia, Chile, Sweden and Canada. The Company's producing assets are its Costerfield gold-antimony mine in Victoria, Australia; its Cerro Bayo silver-gold mine in Patagonia, Chile; and its Bjorkdal gold mine in northern Sweden. The Company focuses on Challacollo silver-gold project near Iquique, Chile. The Company conducts exploration on near-mine and district targets at its operating and feasibility stage projects. Its Costerfield is an underground gold-antimony mine located in the state of Victoria, Australia. Cerro Bayo is an underground silver-gold mine located in the Aysen Province of southern Chile. Bjorkdal is an underground and open pit gold mine located in northern Sweden. Challacollo is a silver-gold deposit located in Region I, Northern Chile.
Company Coordinates 
Company Details
330-76 Richmond St E , TORONTO ON : M5C 1P1
Registrar Details






