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Are Strong Financial Prospects The Force That Is Driving The Momentum In Majestic Gold Corp.'s CVE:MJS) Stock?
Majestic Gold Corp's 2024 annual report is impressive, with a Net income of 20.5 million USD, setting a historical high.
According to TheNewswire, Majestic Gold Corp (TSXV: MJS) released its Earnings Reports for the fiscal year 2024 on Friday, with all core Financial Indicators showing positive results. Net income reached 20.5 million USD, a year-on-year increase of 38%. EPS is 0.12 USD, up 33% from 0.09 USD in 2023. The main reason for the company's performance increase is capacity expansion. Its Syan project in Ghana achieved gold production of over 82,000 ounces (grade 2.1 g/t), contributing production in the first quarter of trial operation at the new mining area in the Republic of Congo.
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