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30.05.25 - 15:30
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Majestic Gold Corp. Announces 2025 Q1 Results with Revenue of US$19.5 Million (The Newswire)
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Vancouver, British Columbia – TheNewswire - May 30, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) announces its financial and operational results for the three months ended March 31, 2025. The following financial results are expressed in US dollars unless otherwise stated.
FIRST QUARTER HIGHLIGHTS
Gold production was 8,230 ounces, a 3.6% increase over the 7,942 ounces produced forthe FY2024 comparative quarter;
Revenue was $19.5 million, a 25.2% increase over the $15.6 million in revenue for the FY2024 comparative quarter;
Gross profitfrom mining operations was $10.3 million, a 24.7% increase over the $8.3 million in gross profit for the FY2024 comparative quarter
Net incomewas $6.1 million, a 18.8% increase over the $5.1 million in net income for the FY2024 comparative quarter;
Cash flow from operating activities was $8.8 million, a $7.4 million increase over the $1.4 million for the FY2024 comparative quarter
Strong financial position at ...
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28.03.25 - 14:30
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Majestic Gold Corp. Announces 2024 Annual Results with Net Income of US$20.5 Million (The Newswire)
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Vancouver, British Columbia – TheNewswire - March 28, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) announces its financial and operational results for the year ended December 31, 2024. The following financial results are expressed in US dollars unless otherwise stated.
FULL YEAR HIGHLIGHTS
Gold production was 31,949 ounces for FY2024, a 3.6% increase over the 30,837 ounces produced forFY2023. FY2024 and FY2023 gold production have been impacted by the ongoing expansion work at the SJG open pit, resulting in lower gold grades and mining volume for the two years. The Company expects the Phase 2 expansion work to be completed by end of Q2 FY2025;
Revenue was $71 million for FY2024, compared to $55 million for FY2023. The increase in revenue can be primarily attributed to the 23.3% increase in average realized gold sales price in FY2024;
Gross profitfrom mining operations increased by 36.8% to $36.4 million in FY2024, from $26.6 million for FY2023
Net...
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24.02.25 - 15:01
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Majestic Completes on Acquisition of Shares in Target Company (The Newswire)
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Vancouver, British Columbia – February 24, 2025 – TheNewswire - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS) is pleased to provide an update to its January 13, 2025 and November 25, 2024 News Releases announcing its Share Purchase and Capital Increase Agreement (the “Agreement”) for the acquisition of a 52% interest in the Target Company and the Muping Gold Project, through its 70.5% owned subsidiary, Persistence Resources Group Ltd.
The Company is pleased to announce that all conditions precedent to the Agreement have been satisfied and the Company now, through its subsidiaries, holds approximately 52% of the equity interest in the Target Company. The Company has become its controlling shareholder and consequently, the Target Company is now a non-wholly-owned subsidiary of the Company and its financial results will be consolidated into the Company's financial statements.
Additional information of the Acquisition and the Muping Gold Project can be found at https://majest...
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14.01.25 - 00:31
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Majestic Provides Update on Share Purchase and Capital Increase Agreement (The Newswire)
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Vancouver, British Columbia – January 13, 2025 – TheNewswire - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS) is pleased to provide an update to its November 25, 2024 News Release announcing its Share Purchase and Capital Increase Agreement (the “Agreement”) to acquire 52% of the Target Company and the Muping Gold Project, through its 70.5% owned subsidiary, Persistence Resources Group Ltd.
The Company reports that all the conditions precedent to the Share Purchase have been fulfilled, and the completion of the Zhaojin equity transfer and Yihui equity transfer has taken place as at the date of this announcement in accordance with the terms of the Agreement.
Further, the Capital Increase as per the Agreement is ongoing, and the Company will issue further update regarding its completion as and when applicable.
Additional information of the Acquisition and the Muping Gold Project can be found at https://majesticgold.com/projects/mining/muping-gold-project/
About Majestic G...
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29.11.24 - 15:31
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Majestic Gold Corp. Reports 2024 Q3 Results with USD$52M in Revenue and USD$16.9M in Net Income for the First Nine Months of 2024 (The Newswire)
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Vancouver, British Columbia – November 29, 2024 – TheNewswire - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS) reports its financial and operational results for the nine months ended September 30, 2024. The following financial results are expressed in US dollars unless otherwise stated.
2024 THIRD QUARTER FINANCIAL AND OPERATIONAL HIGHLIGHTS
Revenue was $18.3 million for the third quarter of 2024, an increase of 49.9% over the same period in FY2023;
Gross profit from mining operations was $9.5 million for the third quarter of 2024,an increase of 69.0% over the same period in FY2023;
Net incomewas $5.8 million for the third quarter of 2024an increase of 91.6% over the same period in FY2023
The Company paid its first dividend of CAD$0.007 per share on October 11, 2024,for a total dividend payout of CAD$7.3 million, representing a yield of approximately 10.76% at the time declared;
Gold production was 7,963 ounces, an increase of 20.1% from 6,631 ounces produced f...
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25.11.24 - 15:01
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Majestic Gold Corp. Enters Into Share Purchase and Capital Increase Agreement (The Newswire)
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Vancouver, British Columbia – TheNewswire - November 25, 2024 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS) is pleased to announce that through its 70.5% owned subsidiary, Persistence Resources Group Ltd, it has entered into a Share Purchase and Capital Increase Agreement (the “Agreement”) to acquire 52% of the Target Company, which controls the Muping Gold Project, for RMB 81.9M (approximately CAD$15.8M) (the “Acquisition”).
The Acquisition, for a total consideration of RMB 81.9M (approximately CAD$15.8M), for a 52% equity interest in Yantai City Mujin Mining Company Limited (the “Target Company”) and the Muping Gold Project, is comprised of RMB 29.4M (CAD$5.7M) for the Share Purchase and RMB 52.5 (CAD$10.1M) for the Capital Increase. Upon completion of the Acquisition, the Target Company will become an indirect, non-wholly-owned subsidiary of the Company and its financial results consolidated into the Company's financial statements.
The Target Company is loca...
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25.09.24 - 23:40
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XFRA : DIVIDEND/INTEREST INFORMATION - 27.09.2024 - CA5609121077 (XETRA)
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Das Instrument MJT CA5609121077 MAJESTIC GOLD CORP. EQUITY wird cum Dividende/Zinsen gehandelt am 26.09.2024 und ex Dividende/Zinsen am 27.09.2024
The instrument MJT CA5609121077 MAJESTIC GOLD CORP. EQUITY has its pre-dividend/interest day on 26.09.2024 and its ex-dividend/interest day on 27.09.2024...
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30.08.24 - 02:00
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Majestic Gold Corp. Reports 2024 Q2 Results (The Newswire)
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Vancouver, British Columbia – TheNewswire - August 29, 2024 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) reports its financial and operational results for the six months ended June 30, 2024. The following financial results are expressed in US dollars unless otherwise stated.
OPERATIONAL HIGHLIGHTS
Six months ended June 30, 2024 and post period
Revenue increased by 17.7% to $33.6 million, compared to $28.6 million for the FY2023 comparative period. The increase in revenue for the current period was primarily due to the higher average realized gold price;
Gross profitfrom mining operations increased by 32.9% to $18.1 million, compared to $13.6 million for the FY2023 comparative period
Net incomeincreased by 52.1%to $11.1 million, a $3.8 million increase over the FY2023 comparative period
Gold production was 16,207 ounces, a decrease of 2.2% from 16,575 ounces produced for the FY2023 comparative period;
Net earnings attributable to shareholders from con...
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29.08.24 - 15:30
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Majestic Gold Corp. gibt die Ausschüttung einer Dividende von 0,007 CAD pro Aktie bekannt (Rohstoff-Welt)
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Majestic Gold Corp. freut sich bekannt zu geben, dass das Board of Directors des Unternehmens für das Jahr 2024 eine Sonderdividende in Höhe von 0,007 CAD pro Stammaktie in bar bewilligt hat. Für die Auszahlung der Sonderdividende wird ein Betrag in Höhe von insgesamt rund 7,3 Mio. CAD bereitgestellt. Die Sonderdividende wird am 11. Oktober 2024 an jene Aktionäre ausbezahlt, die am Dividendenstichtag, dem 27. September 2024, bei Handelsschluss die Aktie in ihrem Depot haben. Basierend auf dem gestrigen Schlusskurs der Stammaktien des Unternehmens an der Toronto Stock Venture Exchange von 0,065 CAD entspricht diese Sonderdividende von 0,007 CAD pro Stammaktie einer geschätzten Rendite von ca. 10,76 %. Die anhaltende St......
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29.08.24 - 15:01
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Majestic Gold Corp. Declares a Dividend of Cad$0.007 Per Share (The Newswire)
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Vancouver, British Columbia – TheNewswire - August 29, 2024 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) is pleased to announce that its Board of Directors has declared special cash dividend for 2024 of CAD$0.007 per common share. The total payout for the special dividend will amount to approximately CAD$7.3 million. The special dividend will be distributed on October 11, 2024 to the Shareholders of record at the close of business on September 27, 2024.
Based on yesterday's closing price of the Company's common shares on the Toronto Stock Venture Exchange ("TSX-V") of CAD$0.065, this special dividend of CAD$0.007 per common share represents an estimated yield of approximately 10.76%.
“The continued strength of our balance sheet allows us to distribute a special dividend while maintaining ample liquidity to invest in growing the Company.” said President and Chief Executive Officer Stephen Kenwood.
This div...
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23.08.24 - 23:30
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Majestic Announces Change In Use Of The Net Proceeds From Global Offering (The Newswire)
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Vancouver, British Columbia – August 23, 2024 – TheNewswire – Majestic Gold Corp. (TSX.V: MJS, FSE: A0BK1D) (“Majestic”, together with its subsidiaries, the “Company”) announces with reference made to (i) the prospectus of Persistence Resources Group Ltd (the “Persistence”) dated December 14, 2023 in relation to the Global Offering (the “Prospectus”); (ii) the news release dated March 25, 2024 in relation to an LOI to acquire gold project through use of the net proceeds from Global Offering (the “Net Proceeds”); and (iii) the 2023 annual report of the Company dated March 28, 2024 (the “Annual Report”).
The Company hereby announces that after careful consideration and detailed evaluation of the Company's operations and business strategy, it has resolved to change the use of the unutilised portion of the Net Proceeds in the manner as set out below.
CHANGE IN USE OF UNUTILISED NET PROCEEDS FROM GLOBAL OFFERING
The original intended purposes and uses of the Net Proceed...
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13.07.24 - 00:01
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Majestic Announces 2024 AGM Results (The Newswire)
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Vancouver, British Columbia – July 12, 2024 – TheNewswire – Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) is pleased to announce that the management nominees listed in the Information Circular for the 2024 Annual General Meeting of Shareholders (the “AGM”) held on July 11, 2024, were elected as Directors of the Company. The shareholders re-elected Stephen Kenwood, Chengliang Jiang, Charles Uy and John Campbell for the upcoming year.
Other resolutions submitted by management to shareholders for consideration were approved as presented, including the approval of the Company's Stock Option Plan as summarized in the Information Circular (99.72% For; 0.28% Against). Approval of the re-appointment of Dale Matheson Carr-Hilton Labonte LLP, Chartered Professional Accountants, as auditors for the ensuing year, and authorized the Directors to fix their remuneration (99.74% For; 0.26% Abstain).
Following the AGM, the Board of Directors re-appointed Stephen Kenwo...
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24.05.24 - 09:42
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Majestic Gold meldet Zahlen für Q1 2024 (Rohstoff-Welt)
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Majestic Gold Corp. veröffentlichte heute seine Zahlen für das zum 31. März 2024 beendete erste Quartal des Jahres. Aus diesen Daten geht hervor, dass das Unternehmen in diesem Zeitraum einen Umsatz von 15,6 Millionen Dollar machte. Die Nettoeinnahmen beliefen sich derweil auf 5,1 Millionen Dollar. Die Goldproduktion verzeichnete einen Rückgang um 2,3% im Vergleich zu Q1 2023 und belief sich auf 7.942 Unzen. Der operative Cashflow betrug 1,4 Millionen Dollar, eine Abnahme um 78% verglichen mit Q1 2023. Am Ende des Quartals befand sich das Unternehmen im Besitz von liquiden und liquidierbaren Mitteln in Höhe von 97,5 Millionen Dollar....
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24.05.24 - 01:01
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Majestic Gold Corp. Reports 2024 Q1 Results (The Newswire)
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Vancouver, British Columbia – May 23, 2024 – TheNewswire – Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V: MJS, FSE: A0BK1D) reports its financial and operational results for the three months ended March 31, 2024. The following financial results are expressed in US dollars unless otherwise stated.
OPERATIONAL HIGHLIGHTS
Three months ended March 31, 2024
Revenue was $15.6 million, compared to $14 million for FY2023 comparative period. The 11.4% increase in revenue for the current period can be attributed to the higher realized gold price;
Gross profitfrom mining operations increased by 17.5% to $8.3 million, from $7.1 million for FY2023 comparative period;
Net incomewas a $5.1 million, an increase of 27.6% from $4 million for FY2023 comparative period
Gold production was 7,942 ounces, a decrease of 2.3% from 8,127 ounces produced for FY2023 comparative period;
Cash flow from operating activities decreased by 78% to $1.4 million, from $6.3 million for FY2023 comparative per...
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