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Project · Shandong Province, China

Songjiagou: scale, held in disciplined hands.

Scale is only meaningful when matched by operational discipline.
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Overview

Songjiagou

Shandong Province, China

Songjiagou is Majestic Gold's cornerstone producing asset — a combined open-pit and underground gold mining operation in eastern Shandong Province, the People's Republic of China's premier gold-producing region. The mine has been in continuous commercial production for over a decade and accounts for substantially all of the Company's current gold production and revenue.

29,804 oz
Annual production (FY2025)
US$89.3M
Gold revenue (FY2025)
US$1,584/oz
AISC (FY2025)
US$1,195/oz
Total cash costs
US$45.5M
Adjusted EBITDA
Open-pit + underground
Method

01 — Geology

The orebody, in its own words.

Gold mineralisation at Songjiagou is hosted in altered granodiorite within a regional NE-trending shear corridor characteristic of the Jiaodong gold belt. The orebody continues to demonstrate predictable continuity at depth, with underground workings extending below the historic open pit and progressively adding mine life through resource conversion drilling.

02 — Community

We mine with the people who host us.

Operations support a workforce drawn primarily from neighbouring townships in the Muping and Rushan districts. Local sourcing of services, ongoing vocational training, and structured community investment have been continuous components of the mine's social licence to operate.

“Patience is the rarest commodity in mining. We choose to keep ours in reserve.”

— From the China field log

03 — Project history

A timeline.

  1. 2009Acquisition completed
  2. 2012First gold pour
  3. 2017Underground development begins
  4. 2022Mill expansion to 12,000 tpd
  5. 2025FY2025 production: 29,804 oz · revenue US$89.3M
  6. 2026Operations resume after winter pause

04 — FAQ

Frequently asked questions.

Where is the Songjiagou Gold Mine located?

The Songjiagou Gold Mine is 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, which itself is the world's largest gold-producing country.

How much gold does Songjiagou produce?

In the fiscal year ended December 31, 2025, Songjiagou produced 29,804 ounces of gold and generated US$89.3 million in gold revenue for Majestic Gold Corp. (TSXV: MJS).

What are the all-in sustaining costs at Songjiagou?

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 cash costs are non-IFRS financial measures; see the Company's MD&A for the full reconciliation.

What mining method is used at Songjiagou?

Songjiagou is a combined open-pit and underground gold mining operation. The historic open pit is supplemented by underground development that extends the orebody at depth.

Who owns Songjiagou?

Songjiagou is operated through a majority-owned subsidiary of Majestic Gold Corp. (TSXV: MJS · FSE: MJT). Majestic Gold's 58.75%-held intermediate subsidiary, Persistence Resources Group, is dual-listed on the Hong Kong Stock Exchange (HKEX: 02489).