8/28/2015 - 9:52 AM EST - Majestic Gold Corp. : Reports its financial and operational results for the third quarter ended June 30. Gold production from the Songjiagou Gold Mine in the third quarter of 2015 was 4,605 ounces, an 8% increase over 4,269 ounces produced in the comparative quarter of 2014. Revenue was $2.8 million for the third quarter of 2015 from the sale of 2,251 ounces at an average price of $1,239/oz, compared to $8.6 million from 6,590 ounces sold at an average price of $1,311/oz. The 68% decrease in revenue over the 2014 comparative quarter is attributed primarily to the decrease gold ounces sold. Net loss was $1,137,335 for the third quarter of 2015 (2014 Q3 - ($932,047)) Majestic Gold Corp.
shares V.MJS are trading unchanged at $0.05.
