Majestic Gold (MJS) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended June 30, 2026, rose 23.2% year-over-year to $52.7 million.

• Net income increased 25.5% to $12.6 million compared to the same period in 2025.

• Gold production declined 24.3% to 12,027 ounces due to a temporary suspension of mining operations.

• Cash flow from operating activities surged 67.5% to $20.1 million.

Financial highlights

• Gross profit from mining operations was $31.8 million, up 44% year-over-year.

• Adjusted EBITDA reached $27.8 million, compared to $22.1 million in the prior year.

• Cash and cash equivalents stood at $215.3 million as of June 30, 2026.

• Working capital increased to $167 million from $117.3 million at FYE2025.

Outlook and guidance

• A special cash dividend of C$0.0055 per share was declared, totaling approximately C$7.8 million, payable October 9, 2026.

• Proposed disposal of a 52% equity interest in Yantai Mujin for RMB174.0 million (US$25.9 million).