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TORONTO, February 6, 2024 /PRNewswire/ – Mandalay Resources Corporation (“Mandalay” or the “Company”) (TSX: MND) (OTCQB: MNDJF) is pleased to announce the appointment of Hashim Ahmed as its new Executive Vice President and Director Chief Financial Officer (CFO), effective March 1, 2024. As previously announced, current Chief Financial Officer Nick Dwyer has resigned for non-public reasons and will transition to Mr. Dwyer. Ahmed.
Frazer Bourchier, President and CEO, commented:
“We are very pleased to welcome Hashim to Mandalay. His extensive industry experience, concentration in the capital field, and strategic monetary acumen make him the ideal user for our control team. As we enter our next phase of growth, Hashim will play an important role. to boost our monetary methods and ensure our continued monetary success.
Mr. Ahmed commented:
“I am very happy to join Mandalay at such an exciting time. The company’s commitment to expansion and operational excellence aligns with my own professional values. I look forward to contributing to the company’s monetary good fortune and working collaboratively with the existing talented team. “”.
Mr. Ahmed has a proven track record of over 20 years of experience, the last 15 years in the mining industry. He has experience in money management, corporate strategy, organizational restructuring and capital markets. Ahmed has held a number of senior finance positions, most recently as CFO at Nova Royalty and Jaguar Mining. Prior to joining Jaguar, Hashim worked at Barrick Gold for more than seven years, where he held senior positions in financial matters in Canada, as well as within the finance groups at the plants in Chile. Early in his professional career, he received his CA/CPA designation at PricewaterhouseCoopers LLP and then worked at Ernst
About Mandalay Resource Corporation:
Mandalay Resources is a Canadian resource corporation with production assets in Australia (Costerfield Gold and Antimony Mine) and Sweden (Björkdal Gold Mine). The company aims to expand production and reduce prices to generate significant positive cash flows. Mandalay is committed to operating in a safe and environmentally friendly manner, while reaching a peak of network and worker engagement.
Mandalay’s project is to create price for shareholders through the beneficial operation and continuation of the regional exploration program at its Costerfield and Björkdal mines. Currently, the company’s number one goals are to continue to mine the high-grade Youle vein at Costerfield, engage the deeper Shepherd veins. , either of which will continue to source high-grade ore for the processing plant and expand Youle’s mineral reserves. In Björkdal, the company will look to increase production in the Aurora Zone and other higher-grade areas in the coming years. to maximize the mine’s profit margins.
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SOURCE Mandalay Resource Corporation