<a href="https://laohu8.com/S/MJGCF">Majestic Gold Corp.</a> Reports 27.1% Revenue Increase to $42.7M in 2025 <a href="https://laohu8.com/S/QTWO">Q2</a>, Net Income Drops by 9.3% to $10.1M
Majestic Gold Corp. has released its financial and operational results for the first half of 2025, reporting a significant increase in revenue despite a slight decline in gold production. For the six months ending June 30, 2025, the company reported revenue of $42.7 million, marking a 27.1% increase compared to $33.6 million in the same period of 2024. Gold production for the period was 15,879 ounces, a 2% decrease from the 16,207 ounces produced in the first half of 2024. Despite the decrease in production, the gross profit from operations rose by 22.3% to $22.1 million, up from $18.1 million in the previous year. Net income for the period was reported at $10.1 million, reflecting a 9.3% decrease from the $11.1 million recorded in the first half of 2024. Additionally, cash flow from operating activities saw a 3.2% increase, amounting to $12 million compared to $11.6 million in the previous year. The company maintained a strong financial position with cash and cash equivalents totaling $103.5 million as of June 30, 2025, up slightly from $100.7 million at the end of 2024. Majestic Gold Corp.'s subsidiary, Persistence Resources Group Ltd, had a recent closing share price of HKD$1.50, giving it a market capitalization of HKD$3.0 billion (CAD$521.4 million).
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