Marathon Gold Announces 2023 Third Quarter Results
TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) today announces its financial results for the third quarter ending September 30, 2023, and provides an update on the Company’s activities at the Valentine Gold Project (the “Project”) in the central region of Newfoundland and Labrador (“NL”).
- TORONTO, Nov. 13, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) today announces its financial results for the third quarter ending September 30, 2023, and provides an update on the Company’s activities at the Valentine Gold Project (the “Project”) in the central region of Newfoundland and Labrador (“NL”).
- Cash and cash equivalents at September 30, 2023 of $71.0 million and restricted cash of $244.8 million.
- Capital Expenditures of $76.0 million for the three months ended September 30, 2023, including $73.7 million related to construction of the Project.
- The results of operations for the three and nine months ended September 30, 2023 are summarized below (all figures are in Canadian dollars unless otherwise noted):