Calibre Mining (TSX: CXB)
Announced that at a special meeting of shareholders held earlier today, Calibre shareholders voted overwhelmingly in favour of the resolution approving the issuance of up to 315,664,294 common shares of Calibre in connection with the proposed acquisition of Marathon Gold Corporation. Continue reading
Mining Review 19th November 2023
The big news this week was the takeover of one of our watchlist companies, Marathon Gold, by Calibre Mining, who are diversifying their production from one country, Nicaragua, into safer jurisdictions.
This makes sense as although they are producing solid profits there, the constant threat of increased US sanctions makes diversification necessary really. Continue reading
Marathon Gold (TSX: MOZ)
Calibre Mining Corp. (TSX: CXB) and Marathon Gold Corp. announced that the Parties have entered into a definitive arrangement agreement whereby Calibre will acquire all of the issued and outstanding common shares of Marathon pursuant to a court-approved plan of arrangement. Continue reading
Marathon Gold (TSX: MOZ)
Calibre Mining Corp. (TSX: CXB) and Marathon announced the closing of the previously announced C$40 million financing of Marathon
Pursuant to the Private Placement, Calibre acquired 66,666,667 common shares of Marathon at a price of C$0.60 per share for aggregate gross proceeds to Marathon of C$40 million. Continue reading
Mining Review 29th October 2023
Gold is over $2,000 as the Gaza situation spirals out of control and the threat of a wider regional conflict increases.
Ascot Resources, Calidus Resources, and Marathon Gold released excellent news this week. Continue reading
Marathon Gold (TSX: MOZ)
Provided an update on progress at its 100% owned Valentine Gold Project located in central Newfoundland for the quarter ended September 30, 2023.
The Project’s overall budget and schedule remain in line with previous guidance, with first gold on track for the first quarter of 2025. Continue reading
Marathon Gold (TSX: MOZ)
Has received confirmation from the Impact Assessment Agency of Canada that changes to the Valentine Gold Project to accommodate an open pit and associated infrastructure at the Berry Deposit do not constitute a new Designated Project, and as such do not require a new impact assessment under the Impact Assessment Act. Continue reading
Mining Review 13th August 2023
Not much of a week for investors in the junior mining sector, gold and silver fell on US rate rise anticipation, and there was little news from companies on our watchlist.
Cartier Resources, Karora Resources, and Marathon Gold put out positive drilling and development news. Continue reading
Mining Review 2nd July 2023
Lithium mining in the UK is in its infancy, yet one of the two companies involved is in financial trouble, and the other has just ceded 80% to a French company, Inversys.
Calidus Resources and Cornish Lithium posted news this week, the price of gold dropped back a tad. Continue reading
Market Review June 2023
The City Investors Circle Market Review for June 2023 has been published.
The review features comments on Marathon Gold, Gold Road Resources, Minera Alamos, and a few other companies. Continue reading
Marathon Gold (TSX: MOZ)
Initiating coverage.
Marathon is a gold exploration and development company advancing its 100%-owned Valentine Gold Project located in the Central Region of Newfoundland and Labrador, one of the top mining jurisdictions in the world. Continue reading
