Saturday, July 5, 2025

Latest

Marathon Gold Enters Cooperation Agreements With Six Local Communities For Valentine Project

Marathon Gold (TSX: MOZ) this morning announced that it has signed cooperation agreements with six Newfoundland communities that are within proximity to the firms flagship Valentine Gold project. The agreements were viewed as a necessity in terms of receiving local support for the proposed production facility, with the agreements viewed as providing meaningful engagement with local stakeholders.

The agreements are stated to identify the interest of the communities in terms of employment opportunities, community investment, environmental concerns and business opportunities. Further, the agreements are stated to prioritize local economic development, employment and community well-being.

The Valentine Gold project is significant for the region, with the project slated to be Atlantic Canada’s largest gold development project. A pre-feasibility study released earlier this year outlined that the facility is anticipated to provide over 19,000 person years of employment over the life of the facility, of which 11,000 are in Newfoundland. This includes the average annual employment of 725 people in the region, while generating $0.75 billion worth of income to workers and businesses in Newfoundland.

The project is also estimated to commit $2.9 billion to Newfoundland’s GDP, while generating $27 million in annual incremental revenues to the treasury of the province, demonstrating the massive impact resource-based operations can have on a community as well as a province as a whole.

Construction at the project is currently anticipated to commence in 2022.

Marathon Gold last traded at $2.83 on the TSX.


Information for this briefing was found via Sedar and Marathon Gold. The author has no affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Torex Gold Acquires Reyna Silver For CASH!

Dundee Acquires Adriatic Metals: The Balkan Growth Strategy

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

In this interview, Roger Rosmus, CEO of Goliath Resources (TSXV: GOT), discusses the company's recent...
Tuesday, July 1, 2025, 03:48:00 PM

Grande Portage Intersects 4.50 Metres Of 11.78 G/t Gold At Alaskan Gold Project

Grande Portage Resources (TSXV: GPG) this morning released further assay results from its Herbert Gold...

Wednesday, December 9, 2020, 09:55:54 AM

Pegasus Resources Reports 6,670 G/T Silver, 7.44 G/T Gold In Sample At Gold Mountain Property

Pegasus Resources (TSXV: PEGA) this morning finally announced the results of its fall 2020 prospecting...

Wednesday, January 13, 2021, 09:06:14 AM

Marathon Assays 2.96 G/T Gold Over 47 Meters At Valentine Gold Project

Marathon Gold (TSX: MOZ) this morning released assay results from nine drill holes conducted at...

Monday, August 17, 2020, 08:36:52 AM

Millennial Precious Metals Hits 4.54 g/t Gold Over 54 Metres In Initial Drilling

Millennial Precious Metals Corp. (TSXV: MPM) announced today the inaugural assay results of its 12...

Wednesday, June 16, 2021, 08:17:34 AM