Majestic Gold Corp. Announces 2025 Q2 Results with Revenue of US$42.7 Million

Executive Summary

• Majestic Gold reported six‑month results ending June 30, 2025 with revenue up 27.1% to US$42.7 M while gold production fell 2% to 15,879 oz.
• Adjusted EBITDA increased 22.3% year‑over‑year to US$22.1 M and cash from operations rose 3.2% to US$12 M.
• The company ended the period with strong liquidity: cash & equivalents of US$103.5 M and working capital of US$64.1 M.

Key Details

• Gold Production: 15,879 oz (‑2% vs. FY 2024).
• Revenue: US$42.7 M (+27.1% YoY).
• Gross Profit: US$22.1 M (+22.3% YoY).
• Net Income: US$10.1 M (‑9.3% YoY).
• Cash Flow from Operations: US$12 M (+3.2% YoY).
• Adjusted EBITDA: US$22.1 M vs. US$18.9 M in the comparable period.
• Total Cash Costs: US$1,135/oz (up from US$787/oz FY 2024).
• All‑in Sustaining Costs (AISC): US$1,394/oz (up from US$957/oz FY 2024).
• Cash & Cash Equivalents (June 30 2025): US$103.5 M (vs. US$100.7 M end‑2024).
• Working Capital: US$64.1 M (down from US$86.3 M FY 2024).
• Balance Sheet Highlights:
• Total assets: US$268.8 M (up from US$187.9 M FY 2024).
• Total liabilities: US$90.6 M (up from US$28.2 M FY 2024).
• Shareholder equity: US$178.2 M (up from US$159.7 M FY 2024).
• Quarterly Highlights (Q2 2025 vs Q2 2024):
• Gold sold: 14,288 oz vs. 14,923 oz.
• Average realized gold price: US$2,959/oz vs. US$2,227/oz.
• Subsidiary Note: Persistence Resources Group Ltd (70.5% owned) closed at HKD 1.50 (~CAD 0.27), market cap ≈ CAD 521.4 M.

Notable Quotes

(No direct quotes were provided in the release.)