Welcome to our dedicated news page for Marathon Gold Corporation (Ticker: MGDPF), a resource for investors and traders seeking the latest updates and insights on Marathon Gold Corporation.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Marathon Gold Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Marathon Gold Corporation's position in the market.
Rhea-AI Summary
Marathon Gold Corporation has announced the final order from the Ontario Superior Court of Justice for the statutory plan of arrangement with Calibre Mining Corp. Marathon shareholders (other than Calibre) will receive 0.6164 of a common share of Calibre for each common share of Marathon held. The closing of the Arrangement is expected to be completed on January 24, 2024, subject to certain closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.93%
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Rhea-AI Summary
Marathon Gold Corporation announces approval of proposed plan of arrangement with Calibre Mining Corp. by a significant majority of shareholders. The special resolution required at least 66 2/3% of the votes, with 97.01% in favor. The arrangement is expected to be completed on January 24, 2024, pending final court approval.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.3%
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Rhea-AI Summary
Marathon Gold Corporation (TSX: MOZ) has announced a proposed plan of arrangement with Calibre Mining Corp. that will provide shareholders with a meaningful premium and continued participation in the Valentine Gold Project.
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Rhea-AI Sentiment
End-of-Day
5%
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Rhea-AI Summary
Marathon Gold Corporation (TSX: MOZ) announced the completion of 1 million person hours of work at the Valentine Gold Project without a Lost Time Injury (LTI). At the end of the third quarter of 2023, overall completion at the Valentine Gold Project stood at 50% with 634 Marathon employees or contractors providing services to the Project, 85% of whom were residents of Newfoundland and Labrador. The company's President & CEO, Matt Manson, emphasized the priority of maintaining a safe workplace and highlighted the proactive approach to health and safety. Site activities are currently focused on the erection of structural steel at the Project’s grinding building, ongoing construction of the Project’s Tailings Management Facility, and waste rock mining from the Leprechaun Pit in support of construction activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.12%
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News
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Calibre Mining Corp. (CXB) and Marathon Gold Corporation (MOZ) announce the completion of a C$40 million financing through a private placement, with Calibre acquiring 66,666,667 common shares of Marathon at C$0.60 per share. The financing is in connection with an arrangement agreement for Calibre to acquire all of Marathon's issued and outstanding shares. The proceeds will fund the development of Marathon's Valentine gold project. Calibre also gains investor rights, including registration, piggyback, and nomination of a director to Marathon's board, as well as equity and convertible debt participation rights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.54%
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Rhea-AI Summary
Marathon Gold Corporation (TSX: MOZ) Announces Q3 2023 Financial Results and Project Updates
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Rhea-AI Sentiment
End-of-Day
10.2%
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Rhea-AI Summary
Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) and Marathon Gold Corporation (TSX: MOZ) have entered into a definitive arrangement agreement to create an Americas-focused, high-margin, high-growth, mid-tier gold producer with estimated average annual gold production of approximately 500 koz during 2025 – 2026E. The transaction highlights the creation of a strong balance sheet with a combined cash balance of US$148 million and significant free cash flow generated from Calibre’s existing mines. The acquisition will also result in peer-leading production growth of 80% (2024 – 2026E) and is expected to add significant mineral endowment and cash flow from operations of US$380 million (2025 – 2026E).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.2%
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Rhea-AI Summary
Marathon Gold Corporation announces the proposed addition of the Berry Deposit to the Valentine Gold Project has been released from the provincial environmental assessment process. The Berry Deposit is on track to be fully permitted by Q2 2025. The company acknowledges the efficient assessment by Newfoundland and Labrador regulators and the NLDECC. Certain terms and conditions must be met, including completion of water-related plans and studies. The federal assessment is ongoing and expected to result in an amended Decision Statement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.19%
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Marathon Gold Corporation provides an update on progress at its Valentine Gold Project. The Project has marked one full year of construction with over 800,000 hours of site work completed. The overall budget and schedule remain on track, with first gold expected in Q1 2025. Important de-risking of the Project was achieved during the quarter. Mining costs are trending below budget. The addition of the Berry Deposit to the mine plan does not require a new impact assessment. The Project now has permanent camp capacity of 424 beds and is on track to be connected to NL Hydro grid power by the end of the year.
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Marathon Gold Corporation publishes 2022 Sustainability Report for Valentine Gold Project, on track to deliver first gold in Q1 2025. The project has become one of Newfoundland and Labrador's largest employers, prioritizes health and safety. Report available at: https://marathon-gold.com/environmental-social-and-governance/
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
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Marathon Gold Corporation
OTC:MGDPF
MGDPF Rankings
MGDPF Stock Data
281.86M
342.20M
14.66%
36.33%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Canada
Toronto