Majestic Gold Corp. 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 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 [...]
Majestic Gold Corp. 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 to acquire 52% of the Target Company, which controls the Muping Gold Project, for RMB 81.9M . The Acquisition, for a total consideration of RMB 81.9M , for a 52 [...]
Majestic Gold Corp. 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 [...]
Majestic Gold Corp. 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 [...]
Vancouver - Majestic Gold Corp. announces with reference made to the prospectus of Persistence Resources Group Ltd dated December 14, 2023 in relation to the Global Offering ; 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 ; and the 2023 annual report of the [...]
Majestic Gold Corp. is pleased to announce that the management nominees listed in the Information Circular for the 2024 Annual General Meeting of Shareholders 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 [...]
Majestic Gold Corp. 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 [...]
Majestic Gold would like to provide further information to its recently announced six-month agreement commencing April 18, 2024, between the Company and Stockhouse, a Vancouver-based marketing and media platform company. Pursuant to the agreement, Stockhouse will be paid $3,000 per month, with an initial payment of $9,000 being applied to the first [...]
Majestic Gold is pleased to announce it has engaged Stockhouse Publishing Ltd to provide marketing services in support of the Company's investor relations strategy in building investor awareness and increasing exposure of the Company and its flagship Songjiagou Gold Mine Project. Stockhouse, a renowned Vancouver-based marketing and media platform [...]
Majestic Gold announces its financial and operational results for the year ended Dec 31, 2023. FULL YEAR HIGHLIGHTS Gold production was 30,837 ounces for FY2023, a decrease of 18% from 37,641 ounces produced forFY2022. FY2023 gold production was lower due to the expansion work at the SJG open pit, resulting in both lower gold grades and mining [...]
Majestic Gold is pleased to announce the Company, through its 70.5% owned subsidiary, Persistence Resources Group Ltd. has entered into a non-binding letter of intent with a Vendor and Target Company to acquire 70% of the issued share capital of the target company incorporated in the PRC. The Target Company is principally engaged in gold mining and [...]
Majestic Gold is pleased to announce the appointment of Mr. Charles Uy to its Board as an independent director. Mr. Uy brings a wealth of expertise to the role, with over twenty years of corporate executive management and finance experience. Mr. Uy has a strong background in the exploration and mining industry, having worked with a number of TSX-V [...]
