Majestic Gold Corp.

Name

Majestic Gold Corp.

Legal name

Majestic Gold Corp.

Website

https://majesticgold.com

Company type

Public

Founded year

2004

Operating status

Operating

Headcount range

51–100 employees

Ownership category

akta.pro rank

Product category

Gold Mining and Bullion Production

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Gold mining operations
• Gold bullion production
• Open-pit mining
• Underground gold extraction
• Ore processing services

Headquarters

HQ city

Surrey

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Gold Bullion Sales: Majestic Gold generates revenue through the production and sale of gold bullion from its Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Shandong Province, China. The company sells gold produced at its processing plant with 6,000 tpd capacity.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Majestic Gold Corp. is a junior gold producer that extracts and processes gold ore from its open-pit and underground mines in Shandong Province, China, and sells the resulting gold bullion into commodity markets. Its primary asset is the Songjiagou Gold Mine complex (open-pit since 2011, underground since 2019), supported by a 6,000 tpd ore processing plant and geostatistics-based grade control. The company also holds the DGZ Mine, the Mujin Gold Project, and the Muping exploration tenements, with a 75% interest in the operating JV, Yantai Zhongjia Mining Co., Ltd.

Product overview

Majestic Gold Corp. is a gold producer operating in Shandong Province, China. The company's operations consist of multiple mining assets including the Songjiagou Open-Pit Mine (operating since May 2011) and Songjiagou Underground Mine (commercial production since September 2019), both part of the flagship Songjiagou Gold Mine complex. The company also operates the Denggezhuang (DGZ) Underground Mine and the Mujin Gold Project. All mining operations are supported by an ore processing plant with 6,000 tonnes per day capacity located at the Songjiagou site. The company holds a 75% interest in its Chinese joint venture subsidiary Yantai Zhongjia Mining Co., Ltd., and also owns 70.5% of HKEX-listed Persistence Resources Group Ltd. as a subsidiary.

Differentiator

Problem solved

Functional benefit

Products and services

• Songjiagou Open-Pit Gold Mine Open-pit gold mine in the Muping-Rushan gold belt of Shandong Province, China, employing conventional drilling, blasting, loading, and transportation mining methods to produce gold ore for processing at the Songjiagou ore processing plant. Output feeds gold bullion sales to refiners and bullion dealers via commodity markets.
• Songjiagou Underground Gold Mine Underground gold mine at the Songjiagou complex in Shandong Province, China, using shrinkage stope and cut-and-fill mining methods with mechanized equipment including hydraulic jumbo drills and 20-tonne dump trucks. Ore is processed at the Songjiagou plant and the resulting gold bullion is sold into commodity markets.
• Ore Processing Plant Conventional three-stage crushing within a closed circuit, closed-circuit grinding, and flotation circuit consisting of one roughing stage, two scavenging stages, and two cleaning stages. The plant supports the Songjiagou open-pit and underground mines plus adjunct projects, with a processing capacity of 6,000 tonnes per day, producing gold bullion concentrate sold into commodity markets.
• DGZ (Denggezhuang) Underground Mine Underground gold mine located in Muping District, Yantai City, Shandong Province, managed through the Yantai Mujin Mining subsidiary. Supplies additional gold ore to augment production from the Songjiagou mines.

Quantifiable outcome

• Gold production of 15,879 ounces for H1 2025
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core.

• Goldstone Resources LimitedcoreStrategic or Co-development Partner · 6 July 2026Majestic Gold announced a strategic investment in Goldstone Resources Limited in July 2026.
• Muping Gold MinecoreStrategic or Co-development Partner · 1 May 2004Joint venture partner for gold exploration in Muping, Yantai, Shandong Province, China. Majestic contributes gold exploration licenses over 75.04 sq.km and holds 75% interest in the joint venture as of December 2012.
• Yantai Zhongjia Mining Co., Ltd.coreOthersOperating subsidiary that holds the mining licenses for Songjiagou Open-Pit Mine and Songjiagou Underground Mine in Shandong Province, China.
• Yantai Mujin Mining Co., Ltd.coreOthersOperating subsidiary managing the Denggezhuang (DGZ) Underground Mine and Mujin Gold Project in Muping District, Yantai City, Shandong Province.

Scale indicators9 records

Recent moves8 records

Expansion highlights4 records

Direct peers

• IAMGOLD Corporation: TSX-listed intermediate gold producer with a portfolio of operating mines and development projects; structurally comparable as a publicly traded gold producer exposed to commodity-price leverage.
• Eldorado Gold Corporation: TSX-listed intermediate gold producer with international operations; comparable in product (gold bullion), listing venue (TSX), and small-to-mid-cap profile, though it operates at a larger scale and in different jurisdictions.
• China Gold International Resources Corp. TSX- and HKEX-listed gold and base-metal producer with operating mines in China, structurally the closest analog to Majestic in terms of Canada-listed parent running Chinese gold assets and dual-stock-exchange exposure.
• Centerra Gold Inc. TSX-listed gold producer with operating mines across multiple jurisdictions; comparable in listing profile, gold-bullion revenue model, and exposure to operating-cost and grade-control discipline.
• Torex Gold Resources Inc. TSX-listed intermediate gold producer focused on a single primary mining complex; closely comparable to Majestic's single-jurisdiction, single-hub operating model (Songjiagou complex).
• Equinox Gold Corp. TSX-listed multi-asset gold producer built largely through acquisitions; comparable as a growth-oriented, publicly traded gold producer pursuing an active M&A strategy similar to Majestic's recent moves.
• Alamos Gold Inc. TSX- and NYSE-listed intermediate gold producer with multiple operating mines; comparable in business model (gold bullion sales), cost discipline, and growth-via-M&A approach.

Emerging players

• Goldstone Resources Limited: West Africa-focused gold exploration and development company that became a strategic investment target for Majestic in July 2026; comparable as a small-cap gold developer in which Majestic is now taking an equity stake.

Broad incumbents

• Shandong Gold Group Co., Ltd. Dominant state-affiliated gold producer in Shandong Province, the same gold belt where Majestic operates; serves as the regional benchmark for production costs and resource development.
• Zhaojin Mining Industry Co., Ltd. Largest gold producer in Shandong Province and a major Chinese gold miner; competes with Majestic for resources, labor, and refining capacity in the same region while operating at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/majestic-gold-corp.

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Majestic Gold Corp.