Majestic Gold’s Q1 Earnings Shine, Despite Production Dip

Majestic Gold (TSE:MJS) has released an update.

Majestic Gold Corp. has reported a solid start to 2024, with an 11.4% increase in Q1 revenue to $15.6 million and a 27.6% rise in net income to $5.1 million, despite a slight decrease in gold production. The company’s financial position remains strong with $97.5 million in cash, although cash flow from operations has seen a significant decrease due to higher income tax and accounts payable.

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