Majestic Gold Corp. 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 [...]
Majestic Gold Corp. 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 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 [...]
Majestic Gold Corp. is pleased to provide an update to its November 25, 2024 News Release announcing its Share Purchase and Capital Increase 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 [...]
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 was $9.5 million for the third quarter of 2024,an increase of 69.0% over the [...]
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% equity interest in Yantai City Mujin Mining Company Limited and the Muping [...]
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 comparative period. The increase in revenue for the current period was [...]
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 on September 27, 2024. Based on yesterday's closing price of the Company's [...]
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 Company dated March 28, 2024 . The Company hereby announces that after [...]
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 resolutions submitted by management to shareholders for consideration were [...]
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% increase in revenue for the current period can be attributed to the higher [...]
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 and last two months of the agreement. Stockhouse will execute standard and [...]
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 catering to retail investors, will be paid $18,000 by the Company pursuant [...]
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