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Bullboard - Stock Discussion Forum Majestic Gold Corp. MJGCF


Primary Symbol: V.MJS

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... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > Sukari, world class open pit gold mine
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Post by auburn2 on Sep 22, 2024 1:46pm

Sukari, world class open pit gold mine

2023 stats:
Feed grade: 1.27 g/t.
Gold recovery: 88.7%.
Gold production 450,058.
AISC: US$1,220/oz.

Location: Egypt.

"Sukari is a low cost, bulk tonnage open pit and a high-grade underground operation, with significant exploration upside at depth and regionally, within the 160km2 tenement."

The underground portion is not skewing those results much at all since very little was processed from there relative to the open pit ore mined.

https://www.centamin.com/assets/sukari-gold-mine/

SJG 2023 stats:
Average grade: 0.47 g/t.
Gold recovery 94%.
Production: 24,939 oz.
AISC: US$947/oz.

Location: China.
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