Currently viewing Global edition

Marathon sees inflation come off as Valentine build advances

Marathon Gold sees inflationary pressures easing as early works for its Valentine gold development in Newfoundland and Labrador in Canada advance. The company published an updated feasibility study at the start of the month “with third-quarter” cost estimates, which show a “stabilisation” of costs, president and chief executive Matt Manson told Mining Journal.

Marathon sees inflation come off as Valentine build advances Marathon sees inflation come off as Valentine build advances Marathon sees inflation come off as Valentine build advances Marathon sees inflation come off as Valentine build advances Marathon sees inflation come off as Valentine build advances

Marathon Gold's Valentine project in Newfoundland and Labrador, Canada

In September, Marathon updated its initial capex estimate for Valentine by 57% to C$470 million to $490 million, compared with the $305 million estimate in its April 2021 feasibility.