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Majestic Gold posts Q1 net income of $7M, revenue up 21%, despite 36% drop in gold production.

Company Fundamentals
01 Jun 2026
TheNewswire
View Source
Bullish
pluang ai news

Majestic Gold reported a net income of $7.0 million for Q1 2026, a 13.8% increase from the previous year, with revenue rising 20.9% to $23.6 million. The company faced a 35.9% decline in gold production to 5,276 ounces due to a temporary suspension of mining operations in February 2026 after an unrelated accident. Operations resumed in March, and Majestic Gold maintains a strong cash position of $171.6 million. The company is focusing on operational optimization and growth initiatives moving forward.

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