Quarterly Report is available.Matt Manson, President and CEO commented:
"We made steady progress during 2021 on multiple fronts towards the delivery of the Valentine Gold Project as Atlantic Canada's largest gold producer. We delivered a positive Feasibility Study in April and had advanced our engineering, design and procurement work significantly by year end.
We have continued to strengthen our project team and build-out our staffing in the central region of Newfoundland around our Grand Falls-Windsor base. Community cooperation agreements with six central region communities were solidified and we entered into engagement agreements with both the Qalipu and Miawpukek Mi'kmaq First Nations.
Subsequent to the year end, in March, we were very happy to see our hard work in social and environmental assessment culminate in release from the provincial EA process and completion of the federal EIS review. Concurrently with these project development efforts, we were also able to report consistently good results in our exploration efforts, with a continuing focus on the new Berry Deposit.
With a strong cash balance of $87 million at year end, we are well placed to deliver the next milestones in project delivery during 2022."