Majestic Gold Corp. MJGCF

Primary Symbol: V.MJS

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. > Production based on CP and SRK 24, 25 and 26

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Post by richard45161on Sep 20, 2024 5:24am

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Post# 36232500

Production based on CP and SRK 24, 25 and 26

ever rising goldprice now over 2600 in shanhai: https://www.cmegroup.com/markets/metals/precious/shanghai-gold-usd.html#venue=globex

See my production overview based on the CP - Corporate Presentation and SRK - SRK report. I used an average of 2500 USD per ozs

- Q3 figutes end of Novemebr should bring around 9000 ozs produced.
- CP figures are lower than SRK because "low grade ore" is mixed in, which was not considered in the SRK report for 2025. Remember, SRK consulting is one of the leading and most respected companys when it comes to mining. The mix in is already extending the life of the mine over 2031. The drilling activity, which is expected to be done end of september and end of the year, will most likly discover more minable ressources, futher increasing life of mine and value of the open pit.

Next year, CP should be updated on what is expected for production in 2026. We have waited 3 years for the IPO.

NOW- Production will increase dramatically with an excellent gold price and industry leading low productions costs
NOW- MGM and shareholder majority have proofed that dividends will be paid out
NOW- excellent financials are defenetly able to support rising dividends each year from now and in the future

NOW- You can buy cheap for a 10% dividend yield with very likly, reasonable expectation that production will at least double in 2026 from the 34.000 ozs we will most likly have in 2024.

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