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Marathon Gold Corp 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 NLMooseon Sep 01, 2022 5:28pm
172 Views
Post# 34936701

Marathon Gold Has Some Explaining To Do

Marathon Gold Has Some Explaining To Do

Marathon Gold has a lot of explaining to do after the Valentine Lake project cost rose dramatically from $305 million to a whopping $470 - $490 million.

Investors are now paying the price for this poor cost control as the stock plummeted over 15% no thanks to National Bank of Canada ruining it for the company, and a 60% to 70% cost increase in a short period of time.

Time for Marathon Gold to justify their cost increases.

As for National Bank, they should be banned from negatively judging companies when project costs go up.

National Bank of Canada, do Marathon Gold investors a favour, be quiet!!

 

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