April 17, 2026
Majestic Gold Corp. · TSXV: MJS
Patience, precision, and the long arc of value.
“Gold is found where patience meets the earth.”
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01 — Who we are
We mine quietly, build durably, and let the metal speak for itself.
Majestic Gold operates the producing Songjiagou Gold Mine in eastern Shandong Province, China, alongside the Muping / Mujin exploration property. Our discipline is simple: low-cost production, low impact on the land, and long horizons for our partners and the communities who host us.
29,804 oz
FY2025 gold production
US$89.3M
FY2025 gold revenue
US$167.1M
Cash & equivalents
TSXV: MJS
Listed since 2004
02 — Operations
A producing gold mine in China's premier gold district.
Majestic Gold Corp. is a Canadian gold mining company listed on the TSX Venture Exchange (TSXV: MJS) and on the Frankfurt Stock Exchange (FSE: MJT). Through our majority-owned operating subsidiary, we run the Songjiagou Gold Mine — a large-tonnage open-pit and underground gold operation located in eastern Shandong Province, the most prolific gold-producing region in the People's Republic of China.
In the fiscal year ended December 31, 2025, Songjiagou produced 29,804 ounces of gold and generated US$89.3 million in revenue, a 25.8% increase over FY2024. All-in sustaining costs for FY2025 were US$1,584 per ounce, and adjusted EBITDA reached US$45.5 million. Net income for the year was US$18.3 million on cash flow from operations of US$30.9 million.
At year end the Company held US$167.1 million in cash and equivalents with working capital of US$117.3 million — a balance sheet that supports continued reinvestment in mine development, exploration drilling, and acquisition of complementary gold projects in Shandong without dilution to existing shareholders.
03 — Investment thesis
Why investors hold Majestic Gold.
Majestic Gold sits in a category that very few junior gold producers occupy: consistently profitable, dividend-paying, and net cash positive. In October 2025 the Company paid a dividend of CAD$0.0072 per share for a total of CAD$7.5 million, representing a yield of approximately 5.14% at the time of declaration — a tangible cash return uncommon among TSXV-listed gold stocks.
The Songjiagou orebody continues to demonstrate predictable continuity at depth. Underground development is extending the mine life beyond the open pit, and the Company's controlled cost structure — Total cash costs of US$1,195 per ounce in FY2025 — provides margin stability across the gold price cycle. For investors searching for a profitable gold producer, a TSXV gold stock with dividends, or exposure to open-pit gold mining in China, Majestic Gold offers a rare combination of production scale, low geopolitical execution risk inside Shandong's established mining corridor, and disciplined capital allocation.
In October 2025 the Company expanded its footprint by acquiring a 52% interest in Yantai Mujin and the Muping Gold Project for total consideration of approximately CAD$15.8 million (RMB81.9 million), broadening our exposure to high-grade underground gold within the same Shandong metallogenic belt. Through our 58.75%-held subsidiary Persistence Resources Group (HKEX: 02489) the Company also maintains a dual-market structure that gives international and Asia-Pacific investors direct access to the asset base.
04 — Geography
Shandong: a 1,200-year gold mining tradition.
Eastern Shandong has been mined for gold continuously since the Tang dynasty. Today it is the largest gold-producing province in China — itself the world's largest gold-producing country — and home to a deep ecosystem of operating mines, processing facilities, equipment suppliers, and a skilled mining workforce.
Operating inside this corridor gives Majestic Gold structural advantages that greenfield juniors cannot replicate: established power and water infrastructure, proximity to refining and smelting capacity, a labour force already trained in gold mining, and a permitting environment built around long-running operating mines. Our two assets — the producing Songjiagou Gold Mine and the newly acquired Muping / Mujin project — are located within the same provincial mining district, allowing operational, technical, and procurement leverage between the two.
Our corporate office is in Vancouver, British Columbia. Reporting is in US dollars under IFRS, and the Company files audited financial statements, MD&A, and technical disclosures on SEDAR+. Detailed financials, the latest investor presentation, and the full archive of regulatory filings are available in our Investor Centre, and frequently asked questions about the Company, our reserves, and our dividend policy are answered in our Investor FAQ.
05 — Portfolio