Majestic Gold (TSE:MJS) has released an update.
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Majestic Gold Corp. reported a decrease in annual gold production by 18% and a 30% drop in net income for 2023, attributed to expansion activities and lower gold sales. Despite a challenging year, the company strengthened its financial position, ending with $98 million in cash and a successful IPO of its subsidiary, Persistence Resources Group Ltd. on the HKEX. The final quarter saw improved revenues and net income compared to the same period in the previous year.
For further insights into TSE:MJS stock, check out TipRanks’ Stock Analysis page.
