Marathon Gold Corp MGDPF

Primary Symbol: T.MOZ

Metals & Mining Gold

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.

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Marathon Gold Corp

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Post by NLMooseon Jun 05, 2020 10:53am

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Post# 31116347

What's wrong with Gold Futures lately?

While the economy seems to be recovering from the COVID-19 pandemic, and other commodities have experiened significant increases, gold futures seems to be struggling lately?

Just a month ago, gold was trading at $1,750 US per ounce.

Today, gold lost over $50 US per ounce for no legitimate reason.

Due to governments taking on larger debt due to COVID-19, and possible government related job cuts and tax hikes are likely, gold should be trading at least $2,000 US per ounce, not experience large $50 per ounce declines in just one day.

No more punishing gold investors.

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