About these filings

Payments to governments, fully disclosed.

Canada's Extractive Sector Transparency Measures Act (ESTMA) requires extractive companies above defined thresholds to publicly disclose all payments of CAD$100,000 or more made to any government — federal, provincial, municipal, or foreign — in a given financial year. Majestic Gold files an ESTMA report annually, covering payments made by the parent company and its consolidated subsidiaries.

Payment categories we report.

Taxes

Income, withholding, and resource taxes paid to all levels of government.

Royalties

Mineral royalties paid on extracted ounces.

Fees

Licence, permit, and concession fees.

Production entitlements

Payments tied to production-sharing arrangements.

Bonuses

Signature, discovery, and production bonuses.

Dividends

Dividends paid to a government other than as ordinary shareholder.

Infrastructure improvements

Capital expenditures on community infrastructure.

Reports are also published on the Natural Resources Canada ESTMA portal: nrcan.gc.ca.