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 > What's going wrong for NL Resource Companies?

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Post by NLMooseon Apr 22, 2022 2:53pm

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Post# 34624785

What's going wrong for NL Resource Companies?

What's going wrong for Newfoundland and Labrador based gold mining companies?

We have Marathon Gold sliding to one year lows and falling short of investment rating company projections of $4.00 a share.

Instead of trading well over $4.00 a share, Marathon Gold is now trading at just under $2.40 a share.

If that wasn't bad enough, Altius Minerals has lost over 15% of its peak value as it fell from nearly $25.00 a share to just under $21.50 a share.

That too is well below the projected top value at $28.00 a share.

Guess whom we can blame for Altius' decline? You guess it, Fairfax Financial as they are using their 14% control of the company to bring it down.

What's wrong with our Newfoundland mining companies lately as they should be rewarded for their success, not punished like Altius and Marathon are experiencing now?

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