Production outlook
SJG Open-Pit mining operations
"SJG Open-Pit mining operations for FY2025 will be focused at levels +57m ASL and down to -15m ASL, with forecasted tonnage at 1,900kt with an average grade of 0.53 g/t and FY2026 will be focused at levels +33m ASL and down to -15m ASL, with forecasted tonnage 2,874kt at an average grade of 0.56 g/t. During the two years, ore through-put will continue to be blended with lower grade ore of grades between 0.20 g/t -0.30 g/t recovered during the expansion work."
Mujin Gold Project - DGZ
"As of March 1, 2025, the Company began consolidating the operational and financial results of the Mujin Gold Project into its consolidated financial statements and operational results. The Company has developed preliminary mine plan for the DGZ Mine for the remainder of FY2025 with forecasted tonnage of 70kt, at an average grade of 1.30 g/t."
2025
SJG = 1,900kt x 0.53 g/t ~ 31.000 ozs + 5.000 ozs from underground mine
DGZ = 70kt x 1.3 g/t ~ 2930 ozs
total: 31.0000 + 5000 + 2930 = 38930 ozs
MJS net share as follows
SJG: 36.000 ozs ~ 52,875% net MJS anteil = 19,035 ozs
DGZ: 2930 ozs ~ 36.66% net MJS anteil = 1.074 ozs
2026
SJG = 2,874kt x 0.56 g/t ~ 51.000 ozs + 5.000 ozs from underground mine
DGZ= 70kt x 1.3 g/t ~ 2930 ozs (estimate - should be higher)
total: 51.0000 + 5000 + 2930 = 59000 ozs
MJS net share as follows
SJG: 56.000 ozs ~ 52,875% net MJS anteil = 29,61 ozs
DGZ: 2930 ozs ~ 36.66% net MJS anteil = 1.074 ozs
"Stephen Kenwood, CEO of Majestic Gold Corp. looks forward to 2025, stating “As we move into 2025, we expect an increase in gold production at the SJG Mine beginning in Q3 2025 and continuing into FY2026, driven by the completion of the SJG open-pit expansion project and with the recent acquisition of a 52% interest in the Mujin Gold Project, we will also begin consolidating Mujin’s operations into the Company as of March 1, 2025. As of December 31, 2024, we have over US$100 million in cash and cash equivalents, providing strong funding for its current projects and also allowing Majestic to continue to seek further property acquisitions pursuant to its future growth strategy, positioning the Company well for sustained growth and value creation for our shareholders.”
www.sedarplus.ca/csa-party/records/...3d34dda3c0acc9e5a632dd7
Based on that (Goldprice 3200 USD):
2025
Production in Q3 and Q4 should be at around 10.500 ozs
Net income of the group should be at around 30 Mio
- confirmation, near confirmation should be clear with the Q3 figures end of November.
- When MJS is finally upodating their coportae presentation: majesticgold.com/investors/presentations/
2026
Production per quarter should be at around 14.500 ozs
Net income of the group should be at around 50 Mio
- confirmation, near confirmation should be clear with the Q1 figures end of March 2026
Bonus: Dividend speculation with th Q2 figures end of August 2025
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