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Majestic Gold (MJS) investor relations material
Majestic Gold Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 was $23.6 million, up 20.9% year-over-year from $19.5 million.
Net income reached $7.0 million, a 13.8% increase compared to Q1 2025.
Gold production dropped 35.9% to 5,276 ounces due to a temporary regional mining suspension.
Operations resumed in March 2026, with a focus on optimization and growth.
Financial highlights
Gross profit from mining operations was $15.9 million, up 53.9% year-over-year.
Adjusted EBITDA was $13.4 million, compared to $10.8 million in Q1 2025.
Cash flow from operating activities remained positive at $4.9 million.
Cash and cash equivalents stood at $171.6 million, with working capital of $126.1 million.
Outlook and guidance
Management continues to focus on operational optimization and growth initiatives following the resumption of mining activities.
- Revenue up 25.8% and cash reserves surged, but net income fell on higher costs.MJS
Q4 202520 Apr 2026 - Q3 revenue and net income surged, with record gold output, first dividend, and a key acquisition.MJS
Q3 202324 Mar 2026 - Revenue and net income surged on higher gold prices, with a special dividend declared.MJS
Q2 202424 Mar 2026 - FY2024 net income rose 68% to $20.5M, with revenue up 29% to $71M on higher gold prices.MJS
Q4 202424 Mar 2026 - Revenue and net income surged on higher gold output and prices, despite rising costs.MJS
Q1 202524 Mar 2026 - Revenue up 27% to $42.7M, but net income down 9% to $10.1M as costs per ounce rose.MJS
Q2 202524 Mar 2026 - Revenue up 22.5% and gross profit up 19.9%, but net income down 9.7% year-over-year.MJS
Q3 202524 Mar 2026 - High-margin gold producer with robust cash, ongoing expansion, and strong shareholder returns.MJS
Corporate presentation24 Mar 2026
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