Majestic Gold Corp. MJGCF

Primary Symbol: V.MJS

Metals & Mining Gold

Majestic Gold Corp. is a Canada-based mining company. The Company is engaged in mineral resource exploration, development and extraction. The Company’s Songjiagou Gold Mine covers approximately 75.04 square kilometers in Muping, Yantai, Shandong Province, China. It has four separate tenements, including E36/918, E37/1334, E63/2110 (Kumarl) Tenement and E77/2817 (Moorine) Tenement. These tenements are located in Western Australia, an area with demonstrated potential for the discovery of lithium oxide mineralization. E36/918 tenement has been granted and consists of two blocks located 150 kilometers (km) North of Leonora, about 50 km north of Leinster, along the east side of the Kathleen Valley. E37/1334 tenement has been granted and consists of six blocks located west of Leonora township, 200 km North of Kalgoorlie and 700 km northeast of Perth, in the Goldfields region. E63/2110 (Kumarl) tenement has been granted and is comprised of 10 blocks located 250 km south of Kalgoorlie.

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Majestic Gold Corp. > Cash flow against debt

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Comment by Brakishon Jan 23, 2024 4:32pm

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Post# 35841697

RE:RE:Cash flow against debt

It seems my screenshot didnt follow. Cash flow from operation was $25.7M (LTM Sep-30-2023).

	Dec-31-2021	Dec-31-2022	Sep-30-2023
Currency	USD	USD	USD
ASSETS
Cash And Equivalents	34.9	45.4	55.9
Short Term Investments	-	7.4	7.4
Total Cash & ST Investments	34.9	52.7	63.3
Total Current Assets	38.8	57.4	67.5
Gross Property, Plant & Equipment	129.4	125.0	129.2
Accumulated Depreciation	(44.1)	(47.1)	(50.7)
Net Property, Plant & Equipment	85.3	77.9	78.5
Deferred Tax Assets, LT	0.8	0.8	0.9
Other Long-Term Assets	3.1	3.5	3.3
Total Assets	128.0	139.6	150.1

LIABILITIES
Total Current Liabilities	24.8	21.1	23.7

Long-Term Leases	0.1	0.1	0.0
Def. Tax Liability, Non-Curr.	1.1	1.4	2.2
Other Non-Current Liabilities	9.3	7.8	7.6
Total Liabilities	35.2	30.3	33.5
Common Stock	122.8	122.8	122.8
Additional Paid In Capital	-	-	-
Retained Earnings	(54.5)	(45.5)	(40.0)
Treasury Stock	-	-	-
Comprehensive Inc. and Other	14.1	9.8	8.7
Total Common Equity	82.4	87.1	91.4
Minority Interest	10.4	22.3	25.2
Total Equity	92.8	109.3	116.6
Total Liabilities And Equity	128.0	139.6	150.1
Supplemental Items
Total Shares Out. on Filing Date	1,042.7	1,042.7	1,042.7
Total Shares Out. on Balance Sheet Date	1,043.7	1,042.7	1,042.7
Book Value/Share	$ 0.08	$ 0.08	$ 0.09
Tangible Book Value	82.4	87.1	91.4
Tangible Book Value/Share	$ 0.08	$ 0.08	$ 0.09
Total Debt	4.8	4.4	4.2
Net Debt	(30.1)	(48.4)	(59.0)

Source: Capital IQ