Marathon Gold Corp 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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Comment by MudCreekeron Jul 04, 2018 9:43pm

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Post# 28270220

RE:RE:RE:Happy long weekend!

They had a one-time opportunity to buy back that royalty that wasn't going to be available again. It was either exercise their right to match at the price the vendor had negotiated with a third party or pay out the royalty for the life of the mine. I strongly suspect that management asked the guys doing the pea to run the numbers with and without the royalty (I certainly would have and they're a lot smarter than me), and that eliminating the royalty increased the npv by several times the price they paid.

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