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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Comment by Ridgebackon Sep 23, 2022 6:07pm

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Post# 34983304

RE:RE:Reversed

07:59 AM EDT, 09/23/2022 (MT Newswires) -- National Bank of Canada on Thursday listed gold developers that may be oversold amid pressure in the sector driven by declining prices and cost inflation.

National Bank said shares in G Mining Ventures Corp. (GMIN.V), Sabina Gold & Silver Corp. (SBB.TO), Artemis Gold Inc. (ARTG.V) and Liberty Gold Corp. (LGD.TO) may be oversold.

The bank sees an opportunity to pick up oversold developers at a heightened discount following a reversion to mean valuation over time.

"We are reminded that the differential between the producers and the oversold developers accentuates M&A appeal," National Bank said.

Eight out of nine gold developers the bank reviewed are under pressure, including Integra Resources Corp. (ITR.V), Marathon Gold Corp. (MOZ.TO) and Liberty Gold.