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Bullboard - Stock Discussion Forum Majestic Gold Corp. MJGCF


Primary Symbol: V.MJS

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... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > Did We Have a Blow out Q 3 ?
View:
Post by nozzpack on Nov 22, 2023 7:12pm

Did We Have a Blow out Q 3 ?

During the Track Record Period, our sales volume of gold bullion of Au99.95 amounted to approximately 987.4 kg (or 31,745.6 ounces), 645.5 kg (or 20,753.3 ounces), 1,084.9 kg (34,880.3 ounces) and 468.1 kg (15,049.8 ounces), 

34880 ounces were sold for the entire year of 2022.

About 15100 ounces were sold in the first 6 months of 2023 which means that about 16,500 ounces were sold in Q3 ( 31745 less 15100 ounces  ) .

The latter number ( 16500 ounces in Q3  ) would be correct if we hit the new high grade ore averaging 1,17 grams per ton in Q3.

Now, that would be some surprise !

Anyone else read that paragraph the way that I did ?
Comment by richard45161 on Nov 23, 2023 2:31am
During the Track Record Period, our sales volume of gold bullion of Au99.95 amounted to approximately 987.4 kg (or 31,745.6 ounces), 2020 645.5 kg (or 20,753.3 ounces), 2021 1,084.9 kg (34,880.3 ounces) 2022 and  468.1 kg(15,049.8 ounces), Q1 + Q2 2023 34880 ounces were sold for the entire year of 2022. About 15100 ounces were sold in the first 6 months of 2023 correct which means that ...more  
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