Marathon Gold: Greatly Outperforming Its Gold Peers So Far This Year

About: Marathon Gold Corporation (MGDPF)
by: FI Fighter
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FI Fighter
Deep Value, gold, commodities

The spot price of gold is currently trading at $1,285/oz and although GLD is ~flat for the year, shares of MOZ.TO are up 44.16%.

In comparison to some other Canadian gold developers, such as Sabina Gold & Silver and Pure Gold Mining, the share price of Marathon Gold is decisively outperforming its peers too.

Marathon Gold is riding high off the back of improving fundamentals and the most recent St Barbara/Atlantic Gold deal has helped spark the share price of MOZ.TO up to C$1.11/share.

However, because the current gold sector is not in the midst of experiencing a bull market at this time, speculators should be cognizant of pullbacks that are prone to affecting developer stories, such as Marathon Gold.

It continues to be a rather uneventful year for gold, as the spot price is currently trading at $1,285/oz, still unable to break through the ~$1,300/oz resistance.

However, despite the rather mediocre performance put in