RE:RE:New Press Release - Marathon Gold Provides Inaugural Valentine Construction Progress ReportThe concern is still rising costs. I see this in many companies.
We continue to see the sector-wide inflationary pressures reported by our peers, especially in labour and contractor rates, and are working to mitigate these through our procurement practices and scope control. Overall, this has been a solid start-up for what will be Atlantic Canada's largest gold mine."
My view is that higher Au pricing will be a bonus when production starts assuming Au remains at higher levels. I would expect the progress to remain on track perhaps even exceed timelines as they seem to have a good handle on the progress for now? One issue I see with other mines and unforseen delays are small items like electrical control equipment for processing plants so the supply chains are not 100% sure thing just yet.
If all goes to plan and that's a big IF, Marathon will succed! Overall a good start, no doubt many NFLD miners will be watching the progress especially Sprott and their investment.
More later?