Majestic Gold Corp. (TSXV: MJS · FSE: MJT) is a Canadian gold mining company that operates the producing Songjiagou Gold Mine in eastern Shandong Province, China, and holds a 52% interest in the Muping / Mujin gold project in the same district.

Both of the Company's assets — the producing Songjiagou Gold Mine and the Muping / Mujin gold project — are located in the Muping district of eastern Shandong Province in the People's Republic of China. Shandong is the largest gold-producing province in China and sits within the prolific Jiaodong gold belt.

In the fiscal year ended December 31, 2025, Majestic Gold produced 29,804 ounces of gold and generated US$89.3 million in gold revenue. Comparable FY2024 production was 31,949 ounces on US$71 million in revenue.

Yes. Majestic Gold is consistently profitable. Net income for FY2025 was US$18.3 million and adjusted EBITDA was US$45.5 million. The Company generated US$30.9 million in cash flow from operating activities in FY2025.

All-in sustaining costs (AISC) for FY2025 were US$1,584 per ounce sold, with total cash costs of US$1,195 per ounce sold. AISC and total cash costs are non-IFRS financial measures — see the Company's MD&A for the full reconciliation.

Yes. In October 2025 the Company paid a dividend of CAD$0.0072 per share for a total of CAD$7.5 million, which represented a yield of approximately 5.14% at the time of declaration. Dividend decisions are made annually by the Board.

At December 31, 2025 the Company held US$167.1 million in cash and cash equivalents with working capital of US$117.3 million, on total assets of US$340.3 million and total equity of US$241.7 million.

Majestic Gold Corp. is listed on the TSX Venture Exchange under the ticker MJS and on the Frankfurt Stock Exchange under the ticker MJT (WKN A0BK1D). The Company's 58.75%-held subsidiary, Persistence Resources Group, is dual-listed on the Hong Kong Stock Exchange (HKEX: 02489).

Mineral resources are estimates of mineralisation that have reasonable prospects for economic extraction; mineral reserves are the economically mineable portion of a measured or indicated resource demonstrated by a feasibility study. Majestic Gold reports under Canadian National Instrument 43-101 standards.

All audited financial statements, MD&A, technical disclosures, and material change reports are filed on SEDAR+ at sedarplus.ca. They are also available in the Investor Centre on this site.

Majestic Gold is incorporated in British Columbia and reports to Canadian securities regulators, but its operating asset is the Songjiagou Gold Mine in Shandong Province, China — historically one of the most productive gold districts in the world. The structure gives shareholders access to a producing Chinese asset under Canadian disclosure standards and an independently audited financial reporting framework.

Operating costs at Songjiagou are denominated in Chinese yuan (CNY), gold revenue is priced in US dollars on the Shanghai Gold Exchange, and the Company reports in USD. The natural alignment of USD-priced gold revenue with USD reporting limits translational exposure; CNY operating cost movements are disclosed each quarter in the MD&A.

No. The Company sells produced gold at prevailing market prices and does not maintain a forward sales or hedging programme. Shareholders therefore receive full exposure to gold-price movements, in both directions.

Persistence Resources Group (HKEX: 02489) is the operating subsidiary that holds the Songjiagou mine. Majestic Gold Corp. owns 58.75% of Persistence and consolidates its results. Persistence's separate HKEX listing provides a second pool of capital at the subsidiary level while preserving MJS shareholders' controlling interest.

Canada's Extractive Sector Transparency Measures Act (ESTMA) requires mining and oil-and-gas issuers above defined thresholds to publicly disclose, each year, all payments of CAD$100,000 or more made to any government — federal, provincial, municipal, or foreign. Majestic Gold files an ESTMA report annually; current and prior filings are available in the Investor Centre.

The Songjiagou operation is governed by Chinese environmental, safety, and reclamation regulations and is subject to local regulatory inspection. The Company also files an annual Modern Slavery statement under Canada's S-211 statute covering its supply chain due diligence. Full disclosures are available in the Sustainability section of this site.