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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 zack50on May 20, 2021 8:03am
198 Views
Post# 33236350

Desjardins Securities analyst John Sclodnick...

Desjardins Securities analyst John Sclodnick...

 

“Marathon Gold is a developer stock which checks all the boxes that investors look for—it has nearly 5moz of resources at relatively high grades for an open pit, which should translate into strong margins once it is in production. Moreover, it is in a safe operating jurisdiction and is well-advanced in the permitting process, with a feasibility-level study and demonstrated resource growth potential beyond that. All this makes for a compelling takeout target, and if it is acquired for the average price paid per ounce of recent Canadian projects, this would require a takeout premium of 37 per cent vs Friday’s (May 14) closing price.”

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