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Bullboard - Stock Discussion Forum 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... see more

TSXV:MJS - Post Discussion

Majestic Gold Corp. > Fekola, Mali:
View:
Post by auburn2 on Sep 22, 2024 9:58am

Fekola, Mali:

Latest quarter: grade 1.51 g/t.
Recovery: 92.8%.
AISC: $1258/oz.

https://www.b2gold.com/projects/producing/fekola/

A true world-class open pit mine with attractive grade and very high production.

Grade in the last quarter was over 3 times higher than the 0.49 g/t at Songjiagou, and production was much more prolific.

Yet AISC/oz is significantly higher.

Impoverished Mali can't be an expensive jurisdiction.

"Compared to other gold producers in the region and in Africa more broadly, gold in Mali is particularly cheap to extract and profitable for companies.[14] This is because the mines in Mali are surface mines and cost of labor is low."
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Majestic Gold Corp.