Marathon Gold on schedule to begin production in Q1 2025
Mining News Pro - Marathon Gold is well on track to begin production at its 100%-owned Valentine gold project located in central Newfoundland by the first quarter of 2025. The company began early works on the property last October, followed by major construction mobilization in January.
-
-
Visit: 135
Marathon Gold raises $114m to fund Valentine mine construction
Mining News Pro - Marathon Gold has entered an agreement with a syndicate of underwriters led by Canaccord Genuity to purchase, on a bought deal basis, approximately 136.4 million units of the company priced at C$1.10 per unit for gross proceeds of C$150 million ($114m). The underwriters also have an option to buy additional units for up to C$22.5 million.
-
-
Visit: 695
Marathon Gold buys net profit interest royalty on Valentine project
Mining News Pro - As exploration continues on its Valentine project in central Newfoundland, Marathon Gold has purchased for cancellation the historical 7.5% net profit interest royalty covering certain mineral resource areas on the property.
-
-
Visit: 527
Marathon Gold gets another boost from Lassonde
Mining News Pro - Marathon Gold has received further financial backing from existing shareholder and Canadian businessman Pierre Lassonde, who intends to participate in a private placement of the company’s common shares.
-
-
Visit: 735
Marathon Gold secures $20m financing for Valentine exploration
Mining News Pro - Toronto-based Marathon Gold Corp. has raised C$20 million through a bought deal private placement. The proceeds will be used for exploration and development at the Valentine Lake gold project.
-
-
Visit: 649