There’s a lot of expectation on
large part of Marathon’s
the shoulders of Marathon in
‘SG’ performance will come
Newfoundland. The Valentine
down to how it meets the
project will deliver 400 direct
expectations of the highly
jobs and a significant number
skilled labour market that
of ancillary jobs through local
exists within the resource-
procurement of goods and
based local economy.
services, in a region which has suffered economic and fiscal distress in recent years.
High risk high reward Typically, development stage
The company has no shortage
companies will down tools
of resumes in its bank as
on any exploration activities
the project approaches
in order to present a static
construction phase, so a
project for financing and permitting, then head back into the field once the mine is up and running. However,
MA RAT HON GOLD AT A G L A N C E
Marathon has elected to double down on exploration this year because it sees great potential to add ounces along the 20 km Valentine shear zone. The decision to execute higher risk exploration along the
STOCK TICKER: TSX:MOZ MARKET CAPITALISATION: US$598.1 million (as of October 08, 2021)
shear zone was made when Manson joined the company as CEO in 2019. This approach quickly led to the discovery of the Berry deposit in 2020,
aj
following a successful step out drilling campaign.
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