Vancouver, British Columbia – May 30, 2025 - Majestic Gold Corp. (“Majestic” or the “Company”) (TSX.V:
MJS, FSE: A0BK1D) announces its financial and operational results for the three months ended March 31, 2025.
The following financial results are expressed in US dollars unless otherwise stated.
FIRST QUARTER HIGHLIGHTS
• Gold production was 8,230 ounces, a 3.6% increase over the 7,942 ounces produced for the FY2024
comparative quarter;
• Revenue was $19.5 million, a 25.2% increase over the $15.6 million in revenue for the FY2024 comparative
quarter;
• Gross profit from mining operations was $10.3 million, a 24.7% increase over the $8.3 million in gross profit
for the FY2024 comparative quarter;
• Net income was $6.1 million, a 18.8% increase over the $5.1 million in net income for the FY2024 comparative
quarter;
• Cash flow from operating activities was $8.8 million, a $7.4 million increase over the $1.4 million for the
FY2024 comparative quarter;
• Strong financial position at March 31, 2025. The Company had cash and cash equivalents of $107.6 million
(FYE2024 - $100.7 million) and working capital of $58.4 million (FYE2024 - $86.3 million);
• Adjusted EBITDA was $10.8 million, compared to $8.6 million for the same quarter in FY2024. For EBITDA
computation details, refer to pages 18-20 of the MD&A for this Non-IFRS financial measure;
• Total cash costs and all-in sustaining costs (“AISC”) were $992 per ounce and $1,195 per ounce, compared
to $743 per ounce and $920 per ounce for the same quarter in FY2024. For AISC computation details, refer to
pages 18-20 of the MD&A for this Non-IFRS financial measure.
306 - 1688 152nd Street
Surrey, British Columbia
Canada, V4A 4N2
Telephone: 604-560-9060
Facsimile: 604-560-9062
Email: info@majesticgold.com
SELECTED QUARTERLY FINANCIAL AND OPERATING RESULTS

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