Alkane and Mandalay Combine to Create Growing Gold and Antimony Producer

Canadian gold miner Mandalay agrees to US$358-million takeover by smaller Australian competitor

Mandalay investors will receive 7.875 Alkane shares for each share held

Alkane and Mandalay Combine to Create Growing Gold and Antimony Producer

Creates powerful platform underpinned by a shared vision for growth. Three cash-generating mines in premier mining jurisdictions with strong organic growth. Projected gold equivalent production of ~160,0001 ounces in 2025, increasing to over ~180,0002 ounces in 2026. Robust proforma balance sheet: A$188 / C$167 million cash to fuel growth as at 31 March 20253. Increased scale and trading liquidity anticipated to drive valuation re-rate. PERTH, A…

Alkane and Mandalay Propose Merger of Equals

On April 28, 2025, Alkane Resources Limited (ASX:ALK) and Mandalay Resources Corporation (TSX:MND | OTCQB:MNDJF) announced a merger of equals aimed at creating a diverisifed gold and antimony producer. The merger will combine their operations, which include three cash-generating mines in Australia and Sweden, and is expected to enhance production significantly, projecting approximately 160,000 gold-equivalent ounces in 2025 and over 180,000 in 2…

Alkane Resources and Mandalay Resources to join forces on antimony-gold producer

Alkane Resources and Mandalay Resources to join forces on antimony-gold producer, which is strange figuring Mandalay is bigger

Mandalay Resources Corp. (TSX:MND) - Mandalay Acquires An Earner Through Merger of Equals - Research Portal

Mandalay Resources and Alkane Resources Ltd. (ASX:ALK, Not Rated) have announced an agreement to combine in a merger of equals, wherein ALK will acquire all the issued and outstanding MND shares for 7.875 ALK ordinary shares. The offer represents a 2% premium based on the last closing share prices of C$5.13/sh (MND) and A$0.75/sh (ALK) and a 6% discount based on both companies’ 20-day VWAPs. While ALK is to be the surviving entity, at these terms

Alkane, Mandalay agree to combine in ‘merger of equals’ – Resource World Magazine

Alkane Resources Ltd. [ALK-ASX] and Mandalay Resources Corp. [MNO-TSX, MNDJF-OTCQB] have agreed to combine in a “merger of equals” transaction. The two companies have executed a definitive agreement that will see Alkane acquiring all the issued and outstanding shares of Mandalay. Following completion of the transaction, the combined company will continue operating as “Alkane Resources,’’ and remain listed on the ASX. It will seek a listing on the