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 > GDXJ Addition

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Comment by theCurseon Mar 25, 2021 12:04pm

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Post# 32875598

RE:RE:RE:RE:GDXJ Addition

It's added exposure and legitmacy. It's not a huge deal and you are at the mercy of rebalancing of the ETF from time to time.

One would have thought those 10M shares were harder to come by but it obviously gave a few larger holders an chance to exit. Gold "should" be stronger than it has been but isn't - i can see a few funds a bit nervous about that and wanting to just take their profit and move on in the case of MOZ. It's across the gold world. I'm seeing EDV, pulling in a whack of cash at present gold prices and still getting pummelled. They just instigated a share buy-back program on top of their first issued dividend. and no on seems to care.

tC

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