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Marathon Gold Corp MGDPF


Primary Symbol: T.MOZ

Marathon Gold Corporation is a Canada-based gold exploration and development company. The Company’s primary business focus is the exploration and development of its flagship asset, the wholly owned Valentine Gold Project, located in Newfoundland and Labrador, Canada. The project comprises a series of five mineralized deposits along a 32- kilometer system. Its prospects are located along the Valentine Lake Shear Zone and include Frank Zone, Rainbow Zone, Triangle Zone, Victoria Bridge, Narrows, Victory Southwest, Victory Northeast, and the Berry Zone. In addition to the Valentine Gold Project in the Central Region of Newfoundland and Labrador, the Company holds 100% interests in the Bonanza Mine, a former mine located in Baker County in northeastern Oregon, the Gold Reef property, an exploration property consisting of approximately 12 hectares of claims located near Stewart, British Columbia; and a 2% net smelter returns royalty on precious metal sales by the Golden Chest mine in Idaho.


TSX:MOZ - Post by User

Post by Angelique01on Sep 15, 2022 3:38pm
117 Views
Post# 34965250

Capex Increase related to inflation is $65M which is 20%

Capex Increase related to inflation is $65M which is 20% Per Presentation
August 2022 Cost to Complete assessment of C$470-$490M (C$305M in April 2021 FS) • +37% of increase due to 20 months of Inflation • +25% of increase due to capital reallocation (sustaining to initial) • +38% of increase due to scope (28 month build compared to 22 months)

The inflation portion of the capex increase is $65M  which as a percentage of the original estimate of $305M is 20% which is in line with what other companies have reported for inflationary increases like Sabina and Skeena and ties to the number communicated in the spring.

$44M is the capital reallocation which is nothing but an accounting exercise.  No new funds required. 

The other $65M is from increasing build timeline by 6 months.

Communication of this change could have been a lot better.




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