New Risk • Jul 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (13% average weekly change). Earnings have declined by 0.3% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (7.1% net profit margin). Market cap is less than US$100m (€64.3m market cap, or US$73.5m). Announcement • Jul 02
Majestic Gold Corp. announced that it has received CAD 49.2341 million in funding On June 30, 2026, Majestic Gold Corp. has amended and closed the transaction. The company will now issue 378,723,846 common shares at an issue price of CAD 0.13 per share for gross proceeds of CAD 49,234,099.98. No finders’ fees or commissions were paid in connection with private placement. The common shares issued under the private placement are subject to hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The private placement is subject to receipt of final acceptance of the TSX Venture Exchange. Announcement • Jun 16
Majestic Gold Corp., Annual General Meeting, Jul 31, 2026 Majestic Gold Corp., Annual General Meeting, Jul 31, 2026. Announcement • May 23
Majestic Gold Corp. announced that it expects to receive CAD 50 million in funding Majestic Gold Corp. announced a non-brokered private placement of up to 384,615,385 common shares at an issue price of CAD 0.13 per share for gross proceeds of up to CAD 50,000,000 on May 21, 2026. The transaction is subject to the approval of regulatory authority and TSX Venture Exchange. All the securities issued under the offering is subject to statutory hold periods under Canadian securities laws. Announcement • Mar 23
Majestic Gold Corp. Announces Resumption of Operations At Its Mujin Gold Project Majestic Gold Corp. announced that operations and production have resumed at the DGZ Underground Mine, located within its Mujin Gold Project. Reference is made to the Company's February 10, 2026 news release in relation to the suspension of production at the Mujin Gold Project. Given the relatively short duration of the production suspension, the Company does not expect the interruption to have a material impact on its annual gold production for 2026. Announcement • Sep 27
Majestic Gold Announces Resumption of Operations At DGZ Mine Majestic Gold Corp. announced that operations at its Denggezhuang Underground Mine (the "DGZ Mine") in Muping District, Yantai City, Shandong Province, have resumed following regulatory approval. As disclosed in Majestic's news release dated July 28, 2025, production at the DGZ Mine was suspended after a workplace accident that resulted in a fatality. The Emergency Management Department and Safety Supervision Administration ("EMD & SSA") ordered the suspension to allow for investigation and rectification measures. During the suspension period, the Company and its operating subsidiary, Yantai Mujin Mining Co. Ltd. ("Yantai Mujin"), implemented comprehensive self-inspection and corrective measures in accordance with regulatory requirements. Under order of the EMD & SSA, the Emergency Management Bureau of Muping District, subsequently conducted detailed reviews and inspections of the DGZ Mine. On September 26, 2025, Yantai Mujin received the "Safety Production Administrative Enforcement Document - Rectification Review Opinion ((Lu Yan Mu) Emergency Review (2025) No. 138)" issued by
the Emergency Management Bureau, confirming that all required rectifications had been completed and granting approval for the DGZ Mine to resume operations. Accordingly, Yantai Mujin has immediately
resumed mining operations at the DGZ Mine. Announcement • Jun 29
Majestic Gold Corp. Announces Adoption of Dividend Policy Majestic Gold Corp. announced that its Board has formally adopted a Dividend Policy. While no dividends have been declared at this time, the Dividend Policy establishes a framework to evaluate potential future dividend payments based on, but not limited to, the following considerations:: Current and projected financial performance; Profitability and earnings; Cash flow requirements and capital expenditures; Market conditions and economic outlook; Legal and regulatory requirements; and Other factors deemed relevant to the Board. Announcement • Apr 29
Majestic Gold Corp., Annual General Meeting, Jun 26, 2025 Majestic Gold Corp., Annual General Meeting, Jun 26, 2025. Location: british columbia, surrey Canada Reported Earnings • Sep 01
Second quarter 2024 earnings released: EPS: US$0.003 (vs US$0.002 in 2Q 2023) Second quarter 2024 results: EPS: US$0.003 (up from US$0.002 in 2Q 2023). Revenue: US$18.1m (up 24% from 2Q 2023). Net income: US$2.89m (up 41% from 2Q 2023). Profit margin: 16% (up from 14% in 2Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 10% per year. Reported Earnings • May 24
First quarter 2024 earnings released: EPS: US$0.003 (vs US$0.003 in 1Q 2023) First quarter 2024 results: EPS: US$0.003 (in line with 1Q 2023). Revenue: US$15.6m (up 11% from 1Q 2023). Net income: US$2.64m (flat on 1Q 2023). Profit margin: 17% (down from 19% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has increased by 3% per year. Announcement • Apr 26
Majestic Gold Corp., Annual General Meeting, Jul 11, 2024 Majestic Gold Corp., Annual General Meeting, Jul 11, 2024. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: US$0.007 (vs US$0.011 in FY 2022) Full year 2023 results: EPS: US$0.007 (down from US$0.011 in FY 2022). Revenue: US$55.0m (down 13% from FY 2022). Net income: US$7.56m (down 32% from FY 2022). Profit margin: 14% (down from 18% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Mar 30
Majestic Gold Corp. Reports Production Results for the Fourth Quarter and Year Ended December 31, 2023 Majestic Gold Corp. reported production results for the year ended December 31, 2023. Gold production was 30,837 ounces for 2023, a decrease of 18% from 37,641 ounces produced for 2022. 2023 gold production was lower due to the expansion work at the SJG open pit, resulting in both lower gold grades and mining volume for the year. Gold production in 2022 was a record high as the Company achieved a new high in mill throughput of 2 million tonnes for the year.For the quarter Gold production decreased by 5% to 7,543 ounces, from 7,924 ounces produced for the 2022 comparative quarter. Announcement • Mar 13
Majestic Gold Corp. Announces Appointment of Charles Uy to Its Board as an Independent Director Majestic Gold Corp. announced the appointment of Mr. Charles Uy to its Board as an independent director. Mr. Uy brings a wealth of expertise to the role, with over twenty years of corporate executive management and finance experience. Mr. Uy has a strong background in the exploration and mining industry, having worked with a number of TSX-V listed junior mining companies. Mr. Uy, CPA, CA is a Chartered Professional Accountant and a graduate from the University of British Columbia where he earned his Bachelor of Applied Science in Mechanical Engineering. Announcement • Jan 31
Majestic Gold Corp. Files Technical Report for the Songjiagou Gold Project Majestic Gold Corp. announced that it has filed a technical report titled "Qualified Person's Report for the Songjiagou Gold Project, Shandong Province, People's Republic of China" dated December 14, 2023 by SRK Consulting China Ltd. The Report includes a updated resource estimate of Indicated and Inferred Resources as well as possible Reserves at Songjiagou Gold Project as of June 30, 2023 are as follows: Resource Estimate in the Report dated June 30, 2023. Open Pit, Underground, Indicated, Inferred, Inferred, (0.30 g/t Au) cutoff, (0.70 g/t Au) cutoff), Underground, Probable, 530,000 T @ 1.39 g/t Au (0.70 g/T Au cutoff) Resource Estimate in the Report date January 19, 2016. Open Pit, Underground,Indicated, Inferred, Indicated, Inferred; Increase in the area of the mining license from 0.3421 sq kms to 1.0077 sq kms; More data from new samples of new exploration programs were used in 2023 model, including 51 new diamond drill holes, 29 new trenches, and 19 underground channel samples;. Larger open-pit limit optimized from the new mineral resource basis. All technical information contained in this news release has been reviewed and approved by Stephen Kenwood, P. Geo., who is a director of the Company and a qualified person under the definitions established by NI 43-101. Reported Earnings • Nov 30
Third quarter 2023 earnings released: EPS: US$0.002 (vs US$0.003 in 3Q 2022) Third quarter 2023 results: EPS: US$0.002 (down from US$0.003 in 3Q 2022). Revenue: US$12.2m (down 22% from 3Q 2022). Net income: US$2.02m (down 40% from 3Q 2022). Profit margin: 17% (down from 22% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 09
Majestic Gold Corp., Annual General Meeting, Nov 09, 2023 Majestic Gold Corp., Annual General Meeting, Nov 09, 2023. Reported Earnings • Sep 04
Second quarter 2023 earnings released: EPS: US$0.002 (vs US$0.004 in 2Q 2022) Second quarter 2023 results: EPS: US$0.002 (down from US$0.004 in 2Q 2022). Revenue: US$14.6m (down 11% from 2Q 2022). Net income: US$2.05m (down 49% from 2Q 2022). Profit margin: 14% (down from 25% in 2Q 2022). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. New Risk • Jul 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (€61.5m market cap, or US$67.1m). Reported Earnings • May 30
First quarter 2023 earnings released: EPS: US$0.003 (vs US$0.003 in 1Q 2022) First quarter 2023 results: EPS: US$0.003 (in line with 1Q 2022). Revenue: US$14.0m (down 18% from 1Q 2022). Net income: US$2.66m (down 24% from 1Q 2022). Profit margin: 19% (down from 21% in 1Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 01
Full year 2022 earnings released: EPS: US$0.011 (vs US$0.004 in FY 2021) Full year 2022 results: EPS: US$0.011 (up from US$0.004 in FY 2021). Revenue: US$63.5m (up 65% from FY 2021). Net income: US$11.1m (up 146% from FY 2021). Profit margin: 18% (up from 12% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 35% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Dec 01
Third quarter 2022 earnings released: EPS: US$0.003 (vs US$0.001 in 3Q 2021) Third quarter 2022 results: EPS: US$0.003 (up from US$0.001 in 3Q 2021). Revenue: US$15.8m (up 63% from 3Q 2021). Net income: US$3.39m (up 174% from 3Q 2021). Profit margin: 22% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: US$0.004 (vs US$0.001 in 2Q 2021) Second quarter 2022 results: EPS: US$0.004 (up from US$0.001 in 2Q 2021). Revenue: US$16.4m (up 83% from 2Q 2021). Net income: US$4.02m (up 399% from 2Q 2021). Profit margin: 25% (up from 9.0% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 13
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 4.6%. The fair value is estimated to be €0.042, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. Buying Opportunity • Jul 22
Now 30% undervalued after recent price drop Over the last 90 days, the stock is down 33%. The fair value is estimated to be €0.037, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. Buying Opportunity • May 28
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €0.044, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 17%. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: US$0.003 (vs US$0.003 in 1Q 2021) First quarter 2022 results: EPS: US$0.003 (vs US$0.003 in 1Q 2021). Revenue: US$17.0m (up 194% from 1Q 2021). Net income: US$3.48m (up 6.3% from 1Q 2021). Profit margin: 21% (down from 57% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Mar 28
Full year 2021 earnings released: EPS: US$0.004 (vs US$0.009 in FY 2020) Full year 2021 results: EPS: US$0.004 (down from US$0.009 in FY 2020). Revenue: US$38.4m (down 27% from FY 2020). Net income: US$4.51m (down 52% from FY 2020). Profit margin: 12% (down from 18% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 24
Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations Third quarter 2021 results: EPS: US$0.001 (down from US$0.003 in 3Q 2020). Revenue: US$9.65m (down 31% from 3Q 2020). Net income: US$1.24m (down 61% from 3Q 2020). Profit margin: 13% (down from 23% in 3Q 2020). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 25
Second quarter 2021 earnings released: EPS US$0.001 (vs US$0.003 in 2Q 2020) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$8.98m (down 32% from 2Q 2020). Net income: US$806.3k (down 73% from 2Q 2020). Profit margin: 9.0% (down from 22% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.003 The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: US$13.9m (up 96% from 3Q 2019). Net income: US$3.19m (up 90% from 3Q 2019). Profit margin: 23% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. 
