- Marathon Gold's Valentine Gold Project contains resources of more than 4 million toz gold.
- The PFS outlined an open-pit operation with an average annual production of 170,000 toz gold, at an AISC of $739/toz.
- The initial CAPEX should be only $204 million and at the current gold price, the after-tax NPV (5%) and the after-tax IRR are over $600 million and over 58%, respectively.
- The feasibility study and a maiden resource estimate for a newly discovered deposit should be prepared by the end of this month.
- If everything goes well, the gold production should start by the end of 2023.
For further details see:
Marathon Gold: A Year Full Of Catalysts Ahead