Majestic Gold (MJS) Q1 2026 earnings summary

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.