Last C$0.04 CAD
Change Today 0.00 / 0.00%
Volume 300.0K
As of 9:30 AM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

majestic gold corp (MJS) Snapshot

Open
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Previous Close
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Day High
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Day Low
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52 Week High
05/6/14 - C$0.12
52 Week Low
12/2/14 - C$0.03
Market Cap
29.4M
Average Volume 10 Days
184.4K
EPS TTM
C$-0.01
Shares Outstanding
839.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for MAJESTIC GOLD CORP (MJS)

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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

Chief Financial Officer and Corporate Secreta...
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

majestic gold corp (MJS) Key Developments

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.

Majestic Gold Corp. Updates on Activity at Songjiagou Gold Mine, Shandong Province, China

Majestic Gold Corp. announced an update on activity at the Company's Songjiagou Gold Mine ('Songjiagou') located in Shandong Province, China. Majestic is working toward executing on a development scenario from the August 2013 SRK Consulting (China) Ltd. Preliminary Economic Assessment ('PEA') that envisioned production of up to 7,400 tpd utilizing existing infrastructure. It has been determined that the other scenarios outlined in the SRK PEA are not attainable without significant capital investment and will therefore not be considered for the foreseeable future. Majestic continues to work on the implementation of a grade control program, for which the Company has increased its mining personnel with the addition of mining engineers, surveyors, samplers, as well as adding several staff members to the onsite assay facility. The assay facility currently handles approximately 50 mill process samples per day and has an approximate daily processing capacity of 150 samples. It is expected that the additional staff will allow for additional daily blast hole samples to be prepped and assayed onsite. To that end, the Company is working with the drilling contractor to make final adjustments to the blast hole drills in order to collect samples from each of the blast holes. The blast hole sampling forms the basis of the grade control program, assays from the blast holes will be immediately available during the loading cycle allowing lower grade material to be separated from the throughput to the mill and removed as waste. This is particularly crucial at Songjiagou as visually ore and waste are not discernibly discrete. The operation's mining contractor, Yantai Dahedong Processing Co. Ltd. has also identified a nearby waste disposal area allowing for the disposal of Songjiagou's waste material. In addition, Majestic's operating subsidiary, Yantai Zhongjia Mining Co. Ltd. ('Zhongjia) has received preliminary government approval to expand the footprint of the open pit at Songjiagou to the boundaries of the Mining License, from 0.342 km² to 0.594 km². Zhongjia is working with the government through the approval process and anticipates receiving final approval during the next four to six months.

Majestic Gold Corp. Reports Production and Earnings Consolidated Results for the Second Quarter and Six Months Ended March 31, 2014

Majestic Gold Corp. reported production and earnings consolidated results for the second quarter and six months ended March 31, 2014. For the quarter, the gold production increased by 13.5% to 5,712 ounces compared to 5,033 ounces produced in the second quarter of 2013. Gold realized net of smelting fees was 5,312 ozs compared to 4,681 ozs a year ago. Gold sold was 5,466 ozs compared to 5,144 ozs a year ago. Average realized gold price was $1,367 per oz compared to $1,626 per oz a year ago. For the six months, the gold produced 10,555 ounces compared to 9,656 ounces produced in the second quarter of 2013. Gold realized net of smelting fees was 9,816 ozs compared to 8,994 ozs a year ago. Gold sold was 8,360 ozs compared to 7,483 ozs a year ago. Average realized gold price was $1,331 per oz compared to $1,666 per oz a year ago. For the quarter, the company reported net loss attributable to shareholders was $134,218 compared to $1,021,783 a year ago. Total revenues were $7,614,531 compared to $8,681,386 a year ago. For the six months, the company reported net loss attributable to shareholders was $2,273,820 compared to $1,119,327 a year ago. Total revenues were $11,485,724 compared to $13,025,342 a year ago.

 

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