Business
Majestic Gold Corp. Announces 2025 Q2 Results with Revenue of US$42.7 Million
(TheNewswire) Vancouver, British Columbia – TheNewswire - August 29, 202...
About this update from Majestic Gold Corp.
[{"type":"text","content":"Majestic Gold Corp. Announces 2025 Q2 Results with Revenue of US$42.7 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 August 29, 2025 - Majestic Gold\nCorp.\n \n\n (“Majestic” or the “Company”)\n(TSX.V: MJS, FSE: A0BK1D)\n \n\n announces\n \n\n its financial and operational results for the six months\nended June 30, 2025. The following financial results are expressed in\nUS dollars unless otherwise stated.\n \n\n\n\n FINANCIAL AND OPERATIONAL\nHIGHLIGHTS\n \n\n\n\n Six months ended\nJune 30, 2025\n \n\n\n\n\n\n Gold\nproduction\n \n\n was 15,879 ounces, a 2% decrease over\nthe 16,207 ounces produced for the FY2024 comparative period;\n \n\n\n\n\n\n Revenue\n \n\n was $42.7 million, a 27.1% increase\nover the $33.6 million in revenue for the FY2024 comparative\nperiod;\n \n\n\n\n\n\n Gross\nprofit\n \n\n from operations was $22.1 million, a 22.3%\nincrease over the $18.1 million in gross profit for the FY2024\ncomparative period;\n \n\n\n\n\n\n Net\nincome\n \n\n was $10.1 million, a 9.3% decrease over\nthe $11.1 million in net income for the FY2024 comparative\nperiod\n \n\n\n\n\n\n Cash flow from\noperating activities\n \n\n was $12 million, a 3.2%\nincrease over the $11.6 million for the FY2024 comparative\nperiod;\n \n\n\n\n\n\n Strong financial\nposition\n \n\n at June 30, 2025. The Company had cash\nand cash equivalents of $103.5 million (FYE2024 - $100.7 million) and\nworking capital of $64.1 million (FYE2024 - $86.3 million);\n \n\n\n\n\n\n Adjusted\nEBITDA\n \n\n was $22.1 million, compared to $18.9\nmillion for the same period in FY2024. For EBITDA computation details,\nrefer 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 $1,135 per ounce and $1,394\nper ounce, compared to $787 per ounce and $957 per ounce for the same\nperiod in FY2024. For AISC computation details, refer to pages 18-20\nof the MDA for this Non-IFRS financial measure; and\n \n\n\n\n\n\n Persistence\nResources Group Ltd\n \n\n (HKEX:02489), the\nCompany’s 70.5% owned subsidiary, had a recent closing share price\nof HKD$1.50 (~CAD$0.27) for a market capitalization of HKD$3.0B\n(CAD$521.4M)\n \n\n\n\n\n\n\n\n\n\n\n\n SE...