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CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 203.92 +0.2% OPW 0.105 +5.0% GRL 0.290 +3.6% AIS 0.150 +0.0% CUU 0.590 +0.0% SOMA 0.690 +1.5% GAL 0.390 +0.0% AUMB 0.610 −4.7% UTWO 0.400 +2.6% GSKR 3.20 −1.5% AVX 0.005 −nan% AII 18.81 −5.5% GWM 0.480 +0.0% GEN 0.070 −nan% CRB 0.040 +14.3% MSA 7.07 +2.2% AEM 203.92 +0.2% OPW 0.105 +5.0% GRL 0.290 +3.6% AIS 0.150 +0.0% CUU 0.590 +0.0% SOMA 0.690 +1.5% GAL 0.390 +0.0% AUMB 0.610 −4.7% UTWO 0.400 +2.6% GSKR 3.20 −1.5% AVX 0.005 −nan% AII 18.81 −5.5% GWM 0.480 +0.0% GEN 0.070 −nan%
Production / Operations Material −

Majestic Gold Temporarily Suspends Operations

Cash-Rich but Operationally Volatile: Majestic Gold Halted by Systemic Regulatory Risks in China

By The Northwire Desk — AI Analysis Feb 10, 2026 · 08:02 MJS · 0.19 Majestic Gold Corp.
Executive Summary

On February 10, 2026, Majestic Gold Corp. announced the temporary suspension of operations at both its flagship Songjiagou Gold Project and the recently acquired Mujin Gold Project. This suspension was triggered by a directive from the Yantai Emergency Management Bureau following a serious accident at an unrelated third-party mine in Zhaoyuan City on February 7, 2026. Majestic's subsidiaries have complied with the order and are currently awaiting official written guidance on the requirements for resuming operations.

Material Impact

This is a significant negative development that halts all revenue generation for the company. While the accident occurred at a third-party site, the blanket suspension by Chinese regulators highlights the systemic jurisdictional risk of operating in Shandong Province. - Revenue Halt: The company is currently producing roughly 7,500–8,000 ounces of gold per quarter. A prolonged suspension will lead to a significant miss in 2026 production guidance. - Historical Context: Historical data shows that Majestic has faced multiple suspensions. In July 2025, a fatality at the Denggezhuang (DGZ) mine led to a suspension that lasted until late September 2025 (approximately two months). In September 2025, the Songjiagou underground mine was suspended for two months due to permit renewal delays. - Cost Implications: Even while suspended, the company will incur fixed costs and "suspension costs," which were reported as $970,692 in the Q3 2025 financial statements for previous stoppages.

MJS · Price
Company Overview

Majestic Gold operates the Songjiagou Gold Mine in Shandong Province, China. The project consists of an open-pit and an underground operation. The company also holds a controlling interest in Persistence Resources Group Ltd (HKEX: 2489), which recently acquired the Mujin Gold Project (including the Denggezhuang mine). The company has successfully transitioned to a steady producer but is heavily influenced by Chinese mining regulations and safety protocols.

Read the original news release →

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