17:44:32 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Marathon Gold Corp
Symbol MOZ
Shares Issued 207,925,419
Close 2020-09-28 C$ 2.32
Market Cap C$ 482,386,972
Recent Sedar Documents

Globe says Marathon seen as "enticing M&A target"

2020-09-28 08:46 ET - In the News

The Globe and Mail reports in its Saturday, Sept. 26, edition that CIBC World Markets analyst Alex Hunchak on Friday began coverage of junior gold developer Marathon Gold ($2.12) with an "outperformer" rating. The Globe's David Leeder writes in the Eye On Equities column that Mr. Hunchak set a $4 share target. Analysts on average target the shares at $3.22. Mr. Hunchak says in a note: "A 2020 pre-feasibility study (PFS) for the Valentine Gold project highlighted annual production of 175,000 ounces over its first nine years of mine life at a sub-$750 (U.S.) per ounce all-in sustaining cost (AISC), and with just $272-million in pre-production capex, the project delivers strong economics at gold prices well below today's spot price. We expect MOZ will rerate from its current 0.5 times P/NAV [price to net asset value] multiple and close the valuation gap relative to the junior producers at 0.8 times as it progresses toward first production. Moreover, we believe the project's size, advanced development stage, and location in a Tier-1 jurisdiction combine to render Marathon Gold an enticing M&A target."

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