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. > Q3 Another Profitable Quarter..cash of $85 m cad

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Comment by nozzpackon Nov 29, 2023 4:31am

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Post# 35757936

RE:Q3 Another Profitable Quarter..cash of $85 m cad

Good progress on the new mining benches but mining operations still constrained requiring the use of low grade stockpiled ore.

A bit of good news..

The Company anticipates returning to its low cash cost range in mid FY 2024 as it progresses through its open-pit expansion program and improving accessibility to higher-grade ore.

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