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majestic gold corp (MJS) Snapshot

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05/6/14 - C$0.12
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majestic gold corp (MJS) Details

Majestic Gold Corp. engages in the acquisition, exploration, and mining of precious metals in China. The company primarily explores for gold. It holds interests in the Sawayaerdun project located in the Xinjiang Province, China; and Muping Mineral and Shandong projects located in Shandong, China. Majestic Gold Corp. is headquartered in Vancouver, Canada.

majestic gold corp (MJS) Top Compensated Officers

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Compensation as of Fiscal Year 2013.

majestic gold corp (MJS) Key Developments

Majestic Gold Corp. Provides Corporate Update for its Songjiagou Gold Mine Operations in Shandong Province, China

Majestic Gold Corp. provided a corporate update for its Songjiagou Gold Mine ("Songjiagou") operations in Shandong Province, China. The Company's main priority in 2015 will be the optimization of commercial gold production at Songjiagou through the adoption of strict grade control and mining procedures that are intended to facilitate higher gold output and the realization of lower production costs. This optimization program has become even more important given the fact the Company recently obtained approval for a 42% expansion in the area available for open pit mining operations. Management's longer term objective is to become a China-based mid-tier gold producer through incremental production increases at Songjiagou and by way of acquisitions and/or strategic alliances.

Majestic Gold Corp. Appoints Mr. David Duval as New Director

Majestic Gold Corp. announced the appointment of Mr. David Duval as a new director of the company. Mr. Duval with a background in engineering and mine production, he served as Western Editor for the Northern Miner from 1979-89, and in the mid 1990's he served as a Technical Advisor to the United Nations.

Majestic Gold Corp. Announces Financial and Operational Results for the Third Quarter and Nine Months Ended June 30, 2014

Majestic Gold Corp. announced financial and operational results for the third quarter and nine months ended June 30, 2014. For the quarter, the company reported total revenues of $8,641,683 against $3,551,168 a year ago. Net loss attributable to shareholders was $979,226 against $1,663,360 a year ago. For the nine months, the company reported total revenues of $20,127,407 against $16,576,510 a year ago. Net loss attributable to shareholders was $3,253,046 against $2,782,687 a year ago. Gold production in the third quarter of 2014 decreased to 4,269 ounces, compared to 5,119 ounces produced in the third quarter of 2013. Total gold production for the nine months ended June 30, 2014, increased to 14,824 ounces, compared to 14,769 ounces produced for the comparative period of 2013.


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