Majestic Gold Corp. Announces 2025 Q1 Results with Revenue of US$19.5 Million

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[{"type":"text","content":"Majestic Gold Corp. Announces 2025 Q1 Results with Revenue of US$19.5 Million \n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Vancouver, British Columbia –\n \n\n TheNewswire -\n \n\n May 30, 2025 - Majestic Gold\nCorp.\n \n\n (“Majestic” or the “Company”)\n(TSX.V: MJS, FSE: A0BK1D) announces its financial and operational\nresults for the three months ended March 31, 2025. The following\nfinancial results are expressed in US dollars unless otherwise\nstated.\n \n\n\n\n FIRST QUARTER HIGHLIGHTS\n \n\n\n\n\n\n Gold\nproduction\n \n\n was 8,230 ounces, a 3.6% increase\nover the 7,942 ounces produced for\n \n\n the FY2024\ncomparative quarter;\n \n\n\n\n\n\n Revenue\n \n\n was $19.5 million, a 25.2% increase\nover the $15.6 million in revenue for the FY2024 comparative\nquarter;\n \n\n\n\n\n\n Gross\nprofit\n \n\n from mining operations was $10.3 million,\na 24.7% increase over the $8.3 million in gross profit for\n \n\n the FY2024 comparative quarter\n \n\n\n\n\n\n Net\nincome\n \n\n was $6.1 million\n \n\n , a\n18.8% increase over the $\n \n\n 5.1 million\n \n\n in net income for the FY2024 comparative quarter;\n \n\n\n\n\n\n Cash flow from operating\nactivities\n \n\n was $8.8 million, a $7.4 million\nincrease over the $1.4 million for the FY2024\n \n\n comparative quarter\n \n\n\n\n\n\n Strong financial position\n \n\n at March 31, 2025. The Company had cash and cash equivalents\nof $107.6 million (FYE2024 - $100.7 million) and working capital of\n$58.4 million (FYE2024 - $86.3 million);\n \n\n\n\n\n\n Adjusted\nEBITDA\n \n\n was $10.8 million, compared to $8.6\nmillion for the same quarter in FY2024. For EBITDA computation\ndetails, refer to pages 18-20 of the MDA for this Non-IFRS financial\nmeasure;\n \n\n\n\n\n\n Total cash costs\nand all-in sustaining costs\n \n\n (“AISC”)\n \n\n were $\n \n\n 992\n \n\n per ounce and $1,195\n \n\n per ounce, compared to $743 per ounce and $920 per ounce for\nthe same quarter in FY2024. For AISC computation details, refer to\npages 18-20 of the MDA for this Non-IFRS financial measure.\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n SELECTED QUARTERLY FINANCIAL AND OPERATING RESULTS\n \n\n\n\n\n\n\n\n\n\n\n Three months ended March 31, 2025\n \n\n\n\n\n\n\n\n Three months ended March 31, 2024\n \n\n\n\n\n\n\n\n Operating data\n \n\n\n\n\n\n\n\n\n\n...

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