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Mandalay Resources ( (TSE:MND) ) just unveiled an announcement.
Mandalay Resources has received approval from the Australian Foreign Investment Review Board for its proposed merger with Alkane Resources, marking a significant step forward in the transaction. The merger, which aims to create a diversified mid-tier gold and antimony producer, has been unanimously approved by Mandalay’s board and is expected to close in early August 2025, pending shareholder approval and other customary conditions.
The most recent analyst rating on (TSE:MND) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Mandalay Resources stock, see the TSE:MND Stock Forecast page.
Spark’s Take on TSE:MND Stock
According to Spark, TipRanks’ AI Analyst, TSE:MND is a Outperform.
Mandalay Resources’ strong financial health and favorable corporate events are the primary drivers of its high score. Although technical indicators suggest bearish momentum, the stock’s low valuation and strategic corporate developments provide significant upside potential.
To see Spark’s full report on TSE:MND stock, click here.
More about Mandalay Resources
Mandalay Resources is a Canadian-based natural resource company with producing assets in Australia and Sweden. The company focuses on growing its production and reducing costs to generate significant positive cash flow, while operating safely and in an environmentally responsible manner.
Average Trading Volume: 163,729
Technical Sentiment Signal: Buy
Current Market Cap: C$459.1M
Learn more about MND stock on TipRanks’ Stock Analysis page.