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 > I'll spin this positively for you....

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Comment by FeartheReaperon Sep 01, 2022 1:28pm

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RE:RE:I'll spin this positively for you....

I appreciate the analyst updates and other information you post, Ridge.

I don't think inflation is has not been running anywhere near the level to justify a 60% rise in costs in less than 18 months. The bottom line here, as I see it, is that MOZ management has blundered badly in their cost estimates (then or now) and in developing their plan to maximize shareholder value in the current environment.

Lots of bad luck in the timing, for sure, and inflation is rough, but this is another blow to the solar plexus for shareholders.

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