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Majestic Gold ( (TSE:MJS) ) just unveiled an announcement.
Majestic Gold Corp. has temporarily suspended production at its Songjiagou Underground Mine due to the expiration of its safety production permit. The suspension allows for a comprehensive safety inspection by the Shandong Provincial Emergency Management Department, with the company expecting to receive the renewed permit by the end of October 2025. During this period, the company will continue processing previously mined ore, while operations at the Songjiagou Open-Pit Mine remain unaffected.
Spark’s Take on TSE:MJS Stock
According to Spark, TipRanks’ AI Analyst, TSE:MJS is a Outperform.
Majestic Gold’s overall stock score is driven by its strong financial performance and positive technical indicators. The company’s solid revenue growth and operational efficiency are key strengths, though declining net profit margins and free cash flow growth present risks. The stock’s reasonable valuation further supports its attractiveness, despite the lack of a dividend yield.
To see Spark’s full report on TSE:MJS stock, click here.
More about Majestic Gold
Majestic Gold Corp. is a British Columbia-based low-cost junior gold producer engaged in commercial gold production at the Songjiagou Gold Mine in eastern Shandong Province, China.
Average Trading Volume: 1,035,139
Technical Sentiment Signal: Buy
Current Market Cap: C$177.3M
Find detailed analytics on MJS stock on TipRanks’ Stock Analysis page.