Majestic Gold Corp. V.MJS

Alternate Symbol(s): MJGCF

Metals & Mining Gold

Majestic Gold Corp. is engaged in mineral resource exploration, development and extraction. It operates the Songjiagou open pit gold mine in the eastern Chinese province of Shandong. Songjiagou Gold Mine covers over 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 kms 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 kms North of Kalgoorlie and 700 kms northeast of Perth, in the Goldfields region. E77/2817 (Moorine) Tenement consists of eight blocks located 400 kms east of Perth.

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Majestic Gold Corp. > What do the business numbers say?

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Post by rbg3006on Apr 01, 2022 4:38am

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Post# 34565888

What do the business numbers say?

 Majestic owns 94% of Sinogold and Sinogold 75% of the mining company Yantei Zhangjia. That means Majestic currently owns 70.5% (0.94*0.75) of Yantei Zhangjia. So what do the figures in the annual report refer to? For example $38,455,273 gold sales. Is that for the whole mine or is that 70.5% of the mine's gold sales?

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