Fermer X Les cookies sont necessaires au bon fonctionnement de 24hGold.com. En poursuivant votre navigation sur notre site, vous acceptez leur utilisation.
Pour en savoir plus sur les cookies...
AnglaisFrancais
Cours Or & Argent en

Marathon gold Corp

Publié le 10 août 2015

Marathon Gold Announces Q2 2015 Financial Results

( 0 vote, 0/5 ) Imprimer l'article
  Article Commentaires Commenter Notation Suivre la société  
0
envoyer
0
commenter

Marathon Gold Announces Q2 2015 Financial Results

TORONTO , Aug. 10, 2015 /CNW/ - Marathon Gold Corporation (MOZ-TSX) ("Marathon") announced today its financial results for the three and six months ended June 30, 2015 .

Highlights:

  • At June 30, 2015 Marathon had $3.5 million in cash and $3.2 million in working capital.

  • Marathon completed a successful non-brokered private placement of units and flow-through shares, which raised gross proceeds of $2.6 million in the period ended June 30, 2015 and an additional $0.8 million in July 2015 . The proceeds of this financing will be used to fund exploration work at the Valentine Gold Camp.

    Marathon has resumed its exploration program of prospecting, trenching and drilling, focused on identifying and drilling targets with the potential to add open pit resource ounces. The initial results of this work are expected shortly.

  • Marathon completed initial open pit and underground resource estimates for the Marathon and Sprite Deposits, and an updated open pit and underground resource estimate for the Victory Deposit. These resources incorporated the results of the 2015 winter drilling program and two additional drilling programs completed in 2014 totaling 13,203 meters.

    With the completion of these new resource estimates, the total measured and indicated gold resource for the Valentine Gold Camp amounts to 1,060,100 ounces at a grade of 2.20 g/t, with an additional inferred resource of 200,000 ounces at a grade of 2.83 g/t.  This represents a 30% increase in measured and indicated contained gold since the previous resource estimate, with the majority of this growth related to the Marathon Deposit, a highly prospective area of the Valentine Gold Camp.  The mineral resources developed to date in all areas of the Valentine Gold Camp are relatively insensitive to fluctuations in the price of gold within a range of US $1,100 to US $1,350 per ounce.

  • Metallurgical testing on a representative sample of mineralized material from the Leprechaun Deposit concluded that direct sulphide-gold flotation followed by conventional cyanide leaching, carbon-in-pulp, and electrowinning would provide an overall recovery in the range of 92.8% to 95%, an increase in metallurgical recoveries associated with Leprechaun. These recoveries have not been optimized and may be improved by additional testing.

  • Marathon continues to seek opportunities to dispose of its interest in the Golden Chest property. At June 30, 2015 , Marathon wrote down the carrying value of Golden Chest to its estimated recoverable value of $2,512,352 and incurred a non-cash impairment loss of $1,073,833 . Excluding this non-cash charge, Marathon incurred a loss from continuing operations for the six months ended June 30, 2015 amounting to $507,112 , compared to $587,716 in the same period in 2014.

Operating results:

Marathon's results of operations for the three and six months ended June 30, 2015 and 2014 are summarized below.  Marathon focused its exploration efforts in 2015 exclusively on the Valentine Gold Camp and incurred minimal costs related to its non-core properties.


Three months ended

June 30

Six months ended

June 30


2015

2014

2015

2014


$

$

$

$

Expenses:





Exploration expenses

20,422

5,186

20,422

5,186

General and administrative expenses

280,940

237,186

577,357

584,955

Other finance expense

4,849

-

4,849

1,903

Interest income

(4,086)

(1,491)

(11,114)

(4,156)

Loss on investments

-

-

9,575

-

Foreign exchange gain

(340)

(217)

(3,399)

(172)

Loss from continuing operations before tax

301,785

240,664

597,690

587,716

Income taxes

-

-

(90,578)

-

Loss from continuing operations for the period

301,785

240,664

507,112

587,716

Loss from discontinued operations, net of tax

1,073,833

-

1,073,833

-

Net loss for the period

1,375,618

240,664

1,580,945

587,716

Net loss attributable to non-controlling interest

(513,077)

-

(513,077)

-

Loss attributable to Marathon shareholders

862,541

240,664

1,067,868

587,716






This press release should be read in conjunction with Marathon's unaudited condensed interim consolidated financial statements for the period ended June 30, 2015 and the related Management's Discussion and Analysis, both of which are available on www.sedar.com

About Marathon Gold Corporation Marathon is a Toronto based gold resource company focused on its 100% owned Valentine Gold Camp located in central Newfoundland . The Valentine Gold Camp currently hosts four near-surface, mainly pit-shell constrained, gold resources totaling 1,060,100 oz. gold at 2.20 g/t (Measured & Indicated) and 200,000 oz. gold at 2.83 g/t (Inferred), (April   2015). These resources, open along strike and to depth, cover less than 6% of the total length of the highly prospective Valentine Lake Thrust Fault and associated splay faults which host the majority of the gold mineralization within the property.

Certain of Marathon's exploration expenditures at its mineral properties in Newfoundland are funded by the Government of Newfoundland and Labrador through its Junior Exploration Assistance program.  For more information please visit www.marathon-gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

Except for statements of historical fact relating to Marathon Gold Corporation, certain information contained herein constitutes "forward-looking statements". Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as "expects", "anticipates", "plans", "believes", "considers", "intends", "targets", or negative versions thereof and other similar expressions, or future or conditional verbs such as "may", "will", "should", "would" and "could". We provide forward-looking statements for the purpose of conveying information about our current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes.  By its nature, this information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, that assumptions may not be correct and that objectives, strategic goals and priorities will not be achieved. These risks and uncertainties include but are not limited to those identified and reported in Marathon Gold Corporation's public filings, which may be accessed at www.sedar.com.  Other than as specifically required by law, we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, or to reflect the occurrence of unanticipated events, whether as a result of new information, future events or results otherwise.

SOURCE Marathon Gold Corporation

Lire la suite de l'article sur finance.yahoo.com

Marathon gold Corp

EXPLORATEUR
CODE : MOZ.TO
ISIN : CA56580Q1028
Suivi et investissement
Add to watch list Add to your portfolio Add or edit a note
Ajouter une alerte Ajouter aux Watchlists Ajouter au portefeuille Ajouter une note
ProfilIndicateurs
de Marché
VALEUR :
Projets & res.
Communiqués
de Presse
Rapport
annuel
RISQUE :
Profile actifs
Contactez la cie

Marathon Gold est une société d’exploration minière d'or basée au Canada.

Ses principaux projets en exploration sont GOLDEN CHEST en USA et VALENTINE LAKE (LEPRECHAUN) au Canada.

Marathon Gold est cotée au Canada. Sa capitalisation boursière aujourd'hui est 332,2 millions CA$ (265,6 millions US$, 232,7 millions €).

La valeur de son action a atteint son plus haut niveau récent le 02 décembre 2010 à 5,25 CA$, et son plus bas niveau récent le 27 novembre 2015 à 0,11 CA$.

Marathon Gold possède 118 660 000 actions en circulation.

Votre avis nous interesse, merci de laisser un commentaire ou de noter cet article.
Evaluer : Note moyenne :0 (0 vote) Voir les mieux notés
 
Dans les médias de Marathon gold Corp
22/11/2018Marathon Gold advances Marathon deposit with more drilling, ...
Financements de Marathon gold Corp
30/06/2015Closes First Tranche of $3.5M Financing
30/06/2015Closes First Tranche of $3.5M Financing
23/06/2015Announces $3.5 M Financing
12/05/2014Announces Closing of the First Tranche of Private Placement
22/04/2014Announces $2.5 M Financing
Rapports Financiers de Marathon gold Corp
12/11/2013Announces 2013 Q3 Financial Results
12/11/2012Announces 2012 Q3 Financial Results
12/11/2012Announces 2012 Q3 Financial Results
12/11/2012Announces 2012 Q3 Financial Results
29/03/2011Announces 2010 Financial Results
Projets de Marathon gold Corp
31/01/2012(Valentine Lake (leprechaun))Marathon Gold Hits New Gold Intersections with the Start of ...
25/08/2011(Valentine Lake (leprechaun))Marathon Discovers New Gold Bearing Quartz Veins with Grab S...
01/04/2011(Valentine Lake (leprechaun))Marathon Gold Hits 9.68 g/t Au over 12.8m (TW) including 23....
Communiqués de Presse de Marathon gold Corp
14/01/2016Marathon's Valentine Gold Camp Update and Q1 Plans
27/11/2015Marathon Gold Announces Closing of Flow-Through Financing
26/10/2015Marathon Defines 3 km Gold Corridor at the Victory Deposit A...
06/10/2015Exploration Success Continues at the Marathon Deposit; 8.89 ...
15/09/2015Marathon Discovers New High-Grade Gold Zone 550 Meters NE of...
09/09/2015Marathon Deposit Strike Length Doubles to 850 Meters, Valent...
10/08/2015Marathon Gold Announces Q2 2015 Financial Results
30/03/2015Deposit Continues to Expand in Advance of Resource Update, V...
02/03/2015Marathon Hits 3.02 g/t Au over 32.9 meters (TT) in Step-Out ...
17/02/2015The Marathon Gold Zone is now over 350m in Strike Length and...
17/02/2015The Marathon Gold Zone is now over 350m in Strike Length and...
02/02/2015Step out Drilling expands the strike length of the Marathon ...
12/01/2015Marathon Gold Step-Out Drills 2.11g/t Au over 27.5 meters (T...
07/01/2015Zone Continues Expanding with 2.01 g/t Au over 40.8 meters (...
07/01/2015Marathon Zone Continues Expanding with 2.01 g/t Au over 40.8...
10/12/2014Zone Growing with 4.13 g/t Au over 9.9m (TT) and 1.75 g/t A...
10/12/2014Marathon Zone Growing with 4.13 g/t Au over 9.9m (TT) and 1....
03/12/2014Reports High Metallurgical Process Recoveries of 92.8% to 95...
03/12/2014Marathon Reports High Metallurgical Process Recoveries of 92...
25/11/2014Zone Expanding with 2.74 g/t Au over 24.2m (TT), 2.71 g/t Au...
25/11/2014Marathon Zone Expanding with 2.74 g/t Au over 24.2m (TT), 2....
14/11/2014Marathon Gold Announces Q3 2014 Financial Results
04/11/2014Drills 4.14 g/t Au over 11.4 meters (TT) and 3.05 g/t Au ove...
04/11/2014Marathon Drills 4.14 g/t Au over 11.4 meters (TT) and 3.05 g...
30/10/2014Drills 1.71 g/t Au over 44.4 m (TT) in the Newly Discovered ...
30/10/2014Marathon Drills 1.71 g/t Au over 44.4 m (TT) in the Newly Di...
08/10/2014Marathon Announces Discovery of New High-Grade Gold Zone in ...
15/09/2014Summer Drilling in the Sprite Zone Confirms Near Surface Gol...
15/09/2014Marathon's Summer Drilling in the Sprite Zone Confirms Near ...
04/09/2014More Positive Results from Marathon's Rainbow and Sprite Zon...
04/09/2014More Positive Results from Marathon's Rainbow and Sprite Zon...
21/08/2014Marathon Gold Announces Closing of C$4.4 Million Equity Fina...
15/08/2014Marathon Gold Announces Q2 2014 Financial Results
05/08/2014Rambler Continues Its Investment in Marathon Gold
31/07/2014Marathon Gold Announces $3.0 Million Bought Deal, Unit and F...
23/07/2014Discovers New Gold Mineralized Trends over 2 Km at the Sprit...
10/07/2014Trenching and Prospecting Expands the Strike Length of the S...
24/06/2014Hits Gold in Channels 300m North of Leprechaun with 6.19 g/t...
18/06/2014discovers multiple high-grade mineralized veins 300 meters n...
17/04/2014Completes Successful Sprite Zone Winter Drilling Program, Va...
01/04/2014Drilling Expands the Sprite Zone with High-Grade, Near Surfa...
24/03/2014continues to succeed with drilling at the Sprite Area 2.53 g...
19/02/2014Drills New Gold Zone at Sprite Hitting 2.20 g/t Au over 16.8...
10/02/2014Announces Closing of Private Placement and Extension of Dril...
27/01/2014Hits Multiple Gold Intervals in Shallow Drilling at the Vict...
27/01/2014Hits Multiple Gold Intervals in Shallow Drilling at the Vict...
13/01/2014Launches 2014 Drilling Program at the Victory Gold Deposit
11/12/2013Completes Financing with Rambler and Announces Exploration P...
04/12/2013Enters into an Agreement With Rambler Metals and Mining to s...
27/11/2013Juniper Resources Exercise their Option from Marathon Gold t...
20/11/2013Step Out Channel Sampling at the Victory Gold Deposit Return...
03/04/2013Hits 4.14 g/t Au over 11.0 meters (TT) in Near-Surface Drill...
17/01/2013(Golden Chest)Reports NI- 43-101 Resource Estimate Update for the Golden C...
11/01/2013Intersects Near-Surface Gold Mineralization in the SW extens...
11/09/2012(Golden Chest)Extends High-Grade Gold Interval at the Golden Chest Mine, ...
08/09/2011Potential Open Pit Resource Continues to Expand at the Lepre...
30/08/2011Advances Resource Development with In-fill Drilling at the ...
09/06/2011(Golden Chest)Reports High Grade Drill Results from Golden Chest Mine, Ida...
29/03/2011Hits 9.68 g/t Au over 12.8m (TW) including 23.15 g/t Au over...
16/03/2011(Golden Chest)Announces High Grade Intercept of 33.0 g/t Gold Over 2.6 Met...
Publication de commentaires terminée
 
Dernier commentaire publié pour cet article
Soyez le premier à donner votre avis
Ajouter votre commentaire
TORONTO (MOZ.TO)
2,80-1.41%
TORONTO
CA$ 2,80
27/01 16:00 -0,040
-1,41%
Cours préc. Ouverture
2,84 2,81
Bas haut
2,70 2,86
Année b/h Var. YTD
2,80 -  3,17 -11,67%
52 sem. b/h var. 52 sem.
2,20 -  3,64 -4,44%
Volume var. 1 mois
415 674 -12,50%
24hGold TrendPower© : 27
Produit
Développe
Recherche Gold
 
 
 
Analyse
Interactive chart Add to compare
Graphique
interactif
Imprimer Comparer Exporter
Vous devez être connecté pour accéder au portefeuille (gratuit)
Top Newsreleases
LES PLUS LUS
Variation annuelle
DateVariationMaxiMini
2022-20,45%
202121,80%3,532,13
202071,01%2,990,71
2019125,33%1,760,76
2018-34,78%1,280,65
 
Graphique 5 ans
 
Graphique 3 mois
 
Graphique volume 3 mois
 
 
Nouvelles des Sociétés Minières
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
0,12 AU$-8,00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
6,96 AU$+3,57%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
2,01 AU$-6,51%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
3,55 AU$+2,90%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
0,12 CA$+4,55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
0,02 CA$+100,00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
0,85 US$-6,28%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
0,20 US$-12,28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
0,71 GBX-4,07%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
0,03 CA$-14,29%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
3,37 CA$-5,34%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
1,84 CA$+0,00%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
10,41 CA$+1,26%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
0,36 CA$-1,37%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
0,18 AU$+2,94%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
6,80 US$-2,86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
1,94 CA$-8,49%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
51,74 US$-0,02%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
8,66 CA$-0,35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
0,03 AU$-3,03%Trend Power :