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Majestic Gold Corp. V.MJS

Alternate Symbol(s):  MJGCF

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.


TSXV:MJS - Post by User

Comment by 22882288on May 29, 2024 1:46pm
98 Views
Post# 36062690

RE:updated corporate presentation

RE:updated corporate presentationProduction being off the average quarterly by 600oz is fine by me. There is variance depending on pit sequencing and other factors like weather, labour/equipment availability, etc. The 600oz is only 1.75% of forecasted annual production and 7% annualized if the shortfall continues but shouldn't. I think management believes grades and overall production will increase as the year goes on. Production is expected to jump to over 42,000oz in 2025 so the latest quarter is just a small blip, if you even want to call it that, in terms of the bigger picture.
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