Executive Summary
Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties.
Rewards
Risk Analysis
Earnings have declined by -54.55% per year over past 5 years
Shareholders have been substantially diluted in the past year
+ 1 more risk
Snowflake Analysis
Fair value with worrying balance sheet.
Share Price & News
How has Mandalay Resources's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MND's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.0%
MND
6.7%
CA Metals and Mining
11.7%
CA Market
1 Year Return
-40.9%
MND
-10.8%
CA Metals and Mining
-26.0%
CA Market
Return vs Industry: MND underperformed the Canadian Metals and Mining industry which returned -11.6% over the past year.
Return vs Market: MND underperformed the Canadian Market which returned -25.5% over the past year.
Shareholder returns
| MND | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.0% | 6.7% | 11.7% |
| 30 Day | 47.8% | -8.8% | -21.9% |
| 90 Day | -37.0% | -17.2% | -26.6% |
| 1 Year | -40.9%-40.9% | -10.2%-10.8% | -23.6%-26.0% |
| 3 Year | -88.5%-88.7% | -17.5%-19.0% | -15.8%-23.6% |
| 5 Year | -90.9%-91.7% | 5.1%2.1% | -3.5%-17.8% |
Price Volatility Vs. Market
How volatile is Mandalay Resources's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Auditors Are Concerned About Mandalay Resources (TSE:MND)1 month ago | Simply Wall St
Could The Mandalay Resources Corporation (TSE:MND) Ownership Structure Tell Us Something Useful?2 months ago | Simply Wall St
Are Insiders Selling Mandalay Resources Corporation (TSE:MND) Stock?Valuation
Is Mandalay Resources undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MND (CA$0.68) is trading below our estimate of fair value (CA$6.08)
Significantly Below Fair Value: MND is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MND is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.
PE vs Market: MND is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MND's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MND is good value based on its PB Ratio (0.4x) compared to the CA Metals and Mining industry average (1.1x).
Next Steps
Future Growth
How is Mandalay Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
11.5%
Forecasted Materials industry annual growth in earnings
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if MND's forecast earnings growth is above the savings rate (1.4%).
Earnings vs Market: Insufficient data to determine if MND's earnings are forecast to grow faster than the Canadian market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if MND's revenue is forecast to grow faster than the Canadian market.
High Growth Revenue: Insufficient data to determine if MND's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MND's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Mandalay Resources performed over the past 5 years?
-54.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MND is currently unprofitable.
Growing Profit Margin: MND is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MND is unprofitable, and losses have increased over the past 5 years at a rate of -54.5% per year.
Accelerating Growth: Unable to compare MND's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MND is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (16.5%).
Return on Equity
High ROE: MND has a negative Return on Equity (-16.69%), as it is currently unprofitable.
Next Steps
Financial Health
How is Mandalay Resources's financial position?
Financial Position Analysis
Short Term Liabilities: MND's short term assets ($61.6M) do not cover its short term liabilities ($104.0M).
Long Term Liabilities: MND's short term assets ($61.6M) exceed its long term liabilities ($42.8M).
Debt to Equity History and Analysis
Debt Level: MND's debt to equity ratio (56.6%) is considered high.
Reducing Debt: MND's debt to equity ratio has increased from 25% to 56.6% over the past 5 years.
Balance Sheet
Inventory Level: MND has a high level of physical assets or inventory.
Debt Coverage by Assets: MND's debt is not covered by short term assets (assets are 1x debt).
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MND has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if MND has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
Next Steps
Dividend
What is Mandalay Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MND's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MND's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MND's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MND's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: MND is not paying a notable dividend for the Canadian market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MND's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Dominic Duffy (43yo)
1.83s
Tenure
US$396,454
Compensation
Mr. Dominic Duffy has been President, Chief Executive Officer and Non-Independent Director at Mandalay Resources Corporation since May 14, 2018. He served as Chief Operating Officer at Mandalay Resources C ...
CEO Compensation Analysis
Compensation vs Market: Dominic's total compensation ($USD396.45K) is above average for companies of similar size in the Canadian market ($USD158.04K).
Compensation vs Earnings: Dominic's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.83yrs | US$396.45k | 0.033% $20.4k | |
| Chief Financial Officer | 1.58yrs | US$106.19k | no data | |
| Chief Development Officer | 2.92yrs | US$286.34k | 0.00063% $390.2 | |
| Director of Investor Relations | 5.17yrs | no data | no data | |
| Vice President of Operational Geology & Exploration | 0.17yr | no data | no data | |
| Director of Corporate Affairs & Corporate Secretary | 2.92yrs | no data | no data |
2.4yrs
Average Tenure
Experienced Management: MND's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.83yrs | US$396.45k | 0.033% $20.4k | |
| Non-Independent Director | 0.75yr | no data | no data | |
| Independent Director | 9.92yrs | US$54.56k | 0.12% $72.2k | |
| Chairman | 4yrs | US$317.66k | no data | |
| Independent Director | 9.58yrs | US$58.34k | 0.075% $46.8k | |
| Lead Independent Director | 4yrs | US$50.66k | 0.16% $98.1k | |
| Independent Director | 3.83yrs | US$50.59k | 0.029% $17.7k |
4.0yrs
Average Tenure
64yo
Average Age
Experienced Board: MND's board of directors are considered experienced (4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MND insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 77.4%.
Top Shareholders
Company Information
Mandalay Resources Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Mandalay Resources Corporation
- Ticker: MND
- Exchange: TSX
- Founded: 1997
- Industry: Gold
- Sector: Materials
- Market Cap: CA$61.942m
- Shares outstanding: 91.09m
- Website: https://www.mandalayresources.com
Number of Employees
Location
- Mandalay Resources Corporation
- 76 Richmond Street East
- Suite 330
- Toronto
- Ontario
- M5C 1P1
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MND | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Mar 2001 |
| MNDJ.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Mar 2001 |
| R7X2 | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Mar 2001 |
| R7X2 | BST (Boerse-Stuttgart) | Yes | Common Shares | DE | EUR | Mar 2001 |
Biography
Mandalay Resources Corporation, a natural resource company, engages in the acquisition, exploration, extraction, processing, and reclamation of various mineral properties. It explores for gold, silver, and antimony deposits. The company holds a 100% interest in the Costerfield gold-antimony mine covering an area of 7,540.78 hectares (ha) located in Central Victoria, Australia; and the Björkdal gold mine that comprises 9 mining concessions and 19 exploration permits located in Västerbotten County in northern Sweden. It also holds a 100% interest in the Cerro Bayo silver-gold mine covering 29,495 ha of exploitation concessions and 45 hectares of exploration concessions located in the Cerro Bayo district, southern Chile. In addition, the company holds a 100% interest in the Challacollo silver-gold project, which includes 98 mining exploitation concessions covering an area of 20,378 ha located to the southeast of the port city of Iquique, Chile. Mandalay Resources Corporation was incorporated in 1997 and is headquartered in Toronto, Canada.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/30 00:40 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.