Majestic Announces Normal Course Issuer Bid streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Majestic Gold Corp. Reports 2021 Q1 Results
VANCOUVER, BC / ACCESSWIRE / May 17, 2021 / Majestic Gold Corp. ( Majestic or the Company ) (TSXV:MJS)(FSE:MJT) reports its financial and operational results for the first quarter ended March 31, 2021. The following financial results are expressed in US dollars unless otherwise stated.
This release should be read in conjunction with the Company s unaudited condensed consolidated interim financial statements for the quarter end March 31, 2021 and associated Management Discussion and Analysis ( MD&A ) which are available on SEDAR www.sedar.com and on the Company s website www.majesticgold.com.
PERFORMANCE HIGHLIGHTS
Three months ended March 31, 2021
Gold revenue decreased by 44% to $5.8 million, from $10.3 million for the comparative period in FY2020;
Mining Operations to Resume at Songjiagou North Underground Mine streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Majestic Gold Corp.: Mining Operations to Resume at Songjiagou North Underground Mine / Majestic Gold Corp. ( Majestic or the Company ) (TSXV:MJS)(FSE:MJT) is pleased to announce that its operating subsidiary, Yantai Zhongjia Mining Co. Ltd., has received governmental approval to resume operations at its Songjiagou North Underground Mine following the successful completion its cautionary safety inspection. The Company further anticipates receiving governmental approval to resume mining operations at the Songjiagou Open Pit Gold Mine by early June 2021.
The Company had announced on March 1, 2021, the mandated closure by the Shandong Provincial Government of all non-coal operations in the province pending governmental cautionary safety inspections. Majestic has operated the Songjiagou Open Pit Gold Mine and Songjiagou North Underground Mine accident-free since commencing production.
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Sonoro Gold’s Management Team
John M. Darch Chairman & Director
John M Darch brings over 35-years of experience in the financing and management of natural resource-related projects in both the public and private sectors. In 1981, he co-founded the Vancouver-based Crew Group of Companies which created various natural resources companies including gold, diamonds, geothermal, coal, antimony, nickel and copper, tin and potash. Darch has successfully secured over US$