Marathon Gold: Drilling to Prefeasibility

V.MOZ, Marathon Gold, Gold, Newfoundland
V.MOZ, Marathon, Phil Walford, gold
Phil Walford looking at drill core at Marathon, Nfld.

When a whole sector of the market falls out of favour with investors even the best news can fail to move a company’s share price. Precious metals explorers and developers, no matter how good their stories, have had an incredibly hard time gaining market traction over the last couple of years. Which creates a real challenge for CEO’s like Phil Walford of Marathon Gold (T.MOZ). read more

Marathon Gold Completes Sale of Royalty to Franco-Nevada for Proceeds of $18 Million

T.MOZ, Marathon Gold

Marathon Gold Corporation (“Marathon” or the “Company”) (TSX: MOZ) is excited to announce that it has closed the sale of a 2% net smelter returns royalty (the “NSR”) to Franco-Nevada Corporation (“Franco-Nevada”) (TSX, NYSE: FNV) linked to production at the Valentine Lake Gold Camp in central Newfoundland, for gross proceeds of CAD $18,000,000.  The NSR applies to the entire Valentine Lake property and covers the sales of precious and base metals and minerals.  Marathon has an option to buy back 0.5% of the NSR for US $7 million until December 31, 2022. read more