Overview
Stage | Production |
Mine Type | Open Pit |
Commodities |
|
Mining Method |
|
Production Start | ...  |
Mine Life | 2030 |
The Majestic is working on Phase 2 of the SJG Open-Pit Mine expansion program.The Majestic expects to complete the expansion work on the third bench in the fourth quarter of 2023 and the fourth bench in the third quarter of 2024. |
Source:
p. 3
Company | Interest | Ownership |
Yantai Dahedong Processing Co. Ltd.
|
25 %
|
Indirect
|
Majestic Gold Corp.
|
75 %
|
Indirect
|
Yantai Zhongjia Mining Inc.
(operator)
|
100 %
|
Direct
|

Majestic holds its 75% interest in SJG Project through its 94% owned subsidiary SINOGOLD Resources Holdings Group Co. Ltd. (“SINOGOLD”) indirectly. The remaining 25% of SJG Project is held by Yantai Dahedong Processing Co. Ltd.
Contractors
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Deposit Type
- Breccia pipe / Stockwork
- Mesothermal
- Conglomerate hosted
- Vein / narrow vein
Summary:
Deposit Types
Gold mineralisation of the SJG (Songjiagou) Project is hosted within the pyritic-sericitic conglomerate of the Linsishan Formation from Laiyang Group of Cretaceous-age. Gold enrichment occurs as veins, as well as in disseminated and stockwork distributions. The SJG vein-type mineralisation could be appropriately described as mesothermal genesis. The disseminated and stockwork types of mineralisation have some aspects of epithermal mineralisation but are both spatially and genetically associated with the vein-type; as such it can be considered a variant of that type.
The SJG Project’s conglomerate type gold deposit is believed to be associated with mesothermal filling activities and followed by alterations and metasomatism.
Property geology
The SJG Project is situated in the eastern part of the Jiaobei Terrane and on the northeast margin of the Jiaolai Basin and is regarded as part of the Muping-Rushan gold belt.
Paleoproterozoic metamorphic rocks of the Jingshan Group are mainly distributed to the north of the SJG Project area near Tanjia village, and are comprised of biotite granulite, graphite-bearing gneiss, leucogranite, and marble. These strata generally dip southeast with angles varying from 15° to 50°.
Cretaceous-age rocks are predominately represented by the Linsishan Formation, part of the Laiyang Group and comprised of conglomerate and sandstone. The Linsishan Formation in the SJG Project area has an overall northeast strike and dips southeast wi ........

Summary:
SJG Open-Pit Mine is operated as an open pit using conventional road-truck technique which is assumed as the bench development method. The mining sequence will be controlled by two pushbacks.
As of 31 December 2022, the mining operations were conducted in the open pit with the open pit’s upper opening area of about 0.34 km2 , and the open pit is producing at three benches of +21 m ASL, +33 m ASL and +45 m ASL, which can cater for the existing operations for about 1.0 years or until a depth of +21 m ASL is reached, as estimated by Yantai Zhongjia based on the expanded mining rate.
The mine is scheduled to operate 8 hours per shift, 3 shifts per day and 330 days per year. The production capacity is assumed to be 3,300 ktpa ore.
Conventional drill-blast-load-haul mining cycle is assumed to move rocks within the open pit. The bench height is 12 m high. The blast holes have a grid pattern of (3.5 × 3.8 – 4.0 × 4.0) m. The explosives applied include emulsion for wet rocks and ammonium nitrate/fuel oil (the ‘‘ANFO’’) for dry rocks. Ore is trucked directly to the processing plant and waste rock trucked directly to buyers, as such there is no requirement for waste dumps.
Key Parameters of Mining Method:
Bench height - 12 m;
Active bench face angle - 70 degrees;
Grid pattern of blastholes - 3.5×3.8–4.0×4.0 m;
Blasthole diameter - 110 mm;
Blasthole length - 13 m;
Over-drill length of blasthole - 1 m;
Explosiv ........

Flow Sheet:
Crushing
The crushing circuit includes a RoM stockpile, a coarse crushing circuit, a medium and fine crushing circuit, and a screening circuit. The crushing process is a traditional ‘‘three-stage crushing with one closed circuit’’, and the ore which is not more than 1,000 mm is crushed to achieve 80% less than 12 mm (P80 = 12 mm).
The ore is transported to the RoM stockpile at the processing plant by truck and fed into the 450 m3 RoM hopper by the front-end loader. A heavy-duty ore feeder installed at the bottom of the RoM hopper feeds ore to a jaw crusher for primary crushing. The crushed product is sent to the buffer bin by the #1 belt conveyor, from where it will be fed into a cone crusher by the moving belt feeder at the lower part of the buffer bin for secondary crushing. Ore discharged from the secondary crusher is transported by the #2 belt conveyor to the two vibrating screens at the screening workshop for screening. The oversize materials are transported to the buffer bins by the #3 belt conveyor for tertiary crushing. There are two tertiary cone crushers, which are fed respectively by two moving belt feeders, and the ore produced is also transported to the screening workshop through the #2 belt conveyor. The fineness of the undersize material is P80 = 12 mm, and it is sent to two 1,800 m3 crushed ore silos by the #4 belt conveyor.
Grinding
The grinding circuit consists of two crushed ore silos, two grate ball mills and two double-spiral classifiers, which form two identical ‘‘one-stage closed-circuit’’ grinding series, grinding the crushed ore to 50% less than 200 meshes (P50 = 75 µm).
The crushed ore in the silo is fed onto the #5 belt conveyor by two electromagnetic vibrating feeders installed in the lower part of the silo and sent to the ball mill. The floatation potential of hydrogen (the ‘‘pH’’) adjuster lime is evenly added to the material stream on the #5 belt conveyor. The ball mill and the double-spiral classifier form a closed circuit, and the ore discharged from the ball mill is fed into the spiral classifier for classification. The return sand from the classifier is sent back to the mill for re-grinding. The overflow fineness is P50 = 75 µm, which flows into the floatation circuit by itself.
Flow Sheet:
Summary:

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Production:
The suspension of mining operations in February 2021, with operations resuming to full capacity at the SJG Open-Pit Mine in August 2021.
Commodity | Units | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
Gold
|
oz
| ......  | ......  | ......  | ......  | 28,843 | 25,363 | 22,975 |
All production numbers are expressed as metal in concentrate.
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Operational Metrics:
Metrics | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
Stripping / waste ratio
| ......  | ......  | ......  | 0.14 | | |
Ore tonnes mined
| ......  | ......  | ......  | 1,499,207 t | 1,414,313 t | 1,416,683 t |
Waste
| ......  | ......  | ......  | 205 kt | | |
Total tonnes mined
| ......  | ......  | ......  | 1,704 kt | | |
Tonnes milled
| ......  | ......  | ......  | 1,500,208 t | 1,226,231 t | 1,467,628 t |
Daily milling capacity
| ......  | ......  | ......  | | | |
^ Guidance / Forecast.
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Reserves at December 31, 2022:
The Mineral Reserves and Resources: Cut-off grade is 0.30 g/t Au.
Category | Tonnage | Commodity | Grade | Contained Metal |
Probable
|
22,700 kt
|
Gold
|
1.16 g/t
|
850 koz
|
Indicated
|
34,300 kt
|
Gold
|
1.1 g/t
|
1,210 koz
|
Inferred
|
36,700 kt
|
Gold
|
0.95 g/t
|
1,120 koz
|
Commodity Production Costs:
| Commodity | 2022 | 2021 | 2020 | 2017 |
Total cash costs
|
Gold
|
......
|
......
|
......
|
|
Total cash costs (sold)
|
Gold
|
|
|
|
723 / oz USD
|
All-in sustaining costs (sold)
|
Gold
|
|
|
|
850 / oz USD
|
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Operating Costs:
| 2022 | 2021 | 2020 |
Total operating costs ($/t milled)
| ......  | ......  | ......  |
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Financials:
| Units | 2023 | 2017 | 2016 |
Capital expenditures (planned)
|
M RMB
| ......  |
|
|
Capital expenditures
|
M
| |
14.9 USD
|
3.7 USD
|
Revenue
|
M
| |
29.5 USD
|
27.8 USD
|
Gross profit
|
M
| |
9.6 USD
|
1.7 USD
|
After-tax Income
|
M
| |
3.7 USD
|
-3.3 USD
|
EBITDA
|
M
| |
10.1 USD
|
-1.9 USD
|
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Source:

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Corporate Filings & Presentations:
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