Majestic Gold (MJS) Q1 2025 earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2025 earnings summary
24 Mar, 2026Executive summary
Gold production rose 3.6% year-over-year to 8,230 ounces for Q1 2025.
Revenue increased 25.2% to $19.5 million compared to Q1 2024.
Net income grew 18.8% year-over-year to $6.1 million.
Cash flow from operating activities surged to $8.8 million, up from $1.4 million in Q1 2024.
Financial highlights
Gross profit from mining operations was $10.3 million, up 24.7% year-over-year.
Adjusted EBITDA reached $10.8 million, compared to $8.6 million in Q1 2024.
Cash and cash equivalents stood at $107.6 million as of March 31, 2025.
Working capital was $58.4 million at quarter-end.
Segment performance
Songjiagou Gold Mines and Mujin Gold Project in eastern Shandong Province, China, continued as core operations.
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