Mandalay Resources Corporation (TSX:MND) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 4,646,196 common shares, representing 5% of its issued share capital. The repurchases will be funded through surplus cash available from company's operations.

All shares repurchased will be cancelled. As of February 14, 2024, the company had 92,923,925 shares issued and outstanding. The plan will be valid till February 26, 2025.