Post by
Kzzzzz on Nov 13, 2023 12:55pm
Marathon Gold Corporation to merge with Calibre Mining Corp.
Calibre and Marathon Announce Combination to Create a High-Growth, Cash Flow Focused, Mid-Tier Gold Producer in the Americas with Expected Annual Production of 500,000 ounces
Mon, November 13, 2023 at 6:30 AM EST - NEWS RELEASE
URL: https://finance.yahoo.com/news/calibre-marathon-announce-combination-create-113000108.html
Calibre announces a C$40 million financing for the Marathon acquisition, creating a mid-tier gold producer with significant reserves and robust cash flow. The deal, set to close on November 14, 2023, aims to merge operations, offering enhanced shareholder value through high-quality, high-margin production, and exploration opportunities across North America.