What Happened?
Toronto, ON-based Marathon-Gold Retired Hannes Portmann as Chief Financial Officer and Business Development
About the Company
Marathon Gold Corp. is a high-quality growth-oriented gold development company with a long-term strategy of moving the 100% owned Valentine Lake Gold Camp through to production in central Newfoundland. Marathon recently completed a positive PEA that shows an average annual production of 188,500 ounces per year over the first 10 years, payback of 2.8 years, NPV (5%) of $367 million (USD) and an IRR of 25.3%, all after-tax. The Valentine Lake Gold Camp currently hosts four near-surface, mainly pit-shell constrained, deposits with measured and indicated resources totaling 2,137,100 oz. of gold at 1.99 g/t and inferred resources totaling 1,104,800 oz. of gold at 1.99 g/t. Most of the resources occur at the Marathon and Leprechaun Deposits. All the deposits are open to expansion. Marathon`s 240 sq. km sized Valentine Lake property has multiple exploration targets to be explored in 2018.
About the Person
Hannes Portmann is Chief Financial Officer and Business Development at Marathon Gold. Previously, Hannes held various senior HR leadership roles in the industry.
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