2023-05-30 14:22:10 ET
- Majestic Gold press release ( OTCPK:MJGCF ): Q1 GAAP EPS of C$0.00.
- Revenue of C$13.97M (-19.5% Y/Y).
- Gross profitfrom mining operations was $7 million, compared to $9.7 million for theFY2022comparative period
- Net incomewas $4 million, compared to$5.4 million fortheFY2022comparative period
- Cash flow from operating activities, excluding changes in non-cash working capitalwas $7.2 million, compared to $7.7 million for theFY2022comparative periodFor computation details, refer to pages 13-15 of the MDA for this Non-IFRS financial measure;
- Strong financial positionatMarch 31, 2023. The Companyhad cash and short-term investments of $58.2 million (December 31, 2022 - $52.7 million) and working capital of $41.3 million (December 31, 2022 - $36.4 million);
- Total cash costs and all-in sustaining costs(“AISC”)forthe first quarter of FY2023, were $730 per ounce and $845 per ounce, compared to $659 per ounce and $763 per ounce
For further details see:
Majestic Gold GAAP EPS of C$0.00, revenue of C$13.97M