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Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

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.


TSX:MOZ - Post by User

Post by Ridgebackon Dec 08, 2022 2:49pm
301 Views
Post# 35159917

National Bank

National Bank

10:25 AM EST, 12/08/2022 (MT Newswires) -- National Bank of Canada said Thursday that it ascribed a negative bias to Marathon Gold Corp. (MOZ.TO)'s updated feasibility study for its Valentine gold project in Newfoundland and Labrador.

The bank said the posttax net present value, at a 5% discount, of $361 million was 40% lower than the 2021 feasibility study that valued the project at $600 million.

The decline was attributed to higher capital and operating expenses, as well as the first pour being delayed to the first quarter of 2025 from late 2024.

National Bank noted that updated mine plan showed an uptick in grades which provided a modest lift to annual production of 195,000 ounces per year over a 12-year mine life, although it came at the expense of the Marathon pit tonnage per ounce.

The bank maintained Marathon's outperform rating and $2.00 price target, reflecting the project's location in a tier 1 jurisdiction, compelling organic opportunity and M&A appeal.

Price: 0.93, Change: +0.01, Percent Change: +1.09

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