- Marathon Gold (MOZ) enters Socio-Economic Agreement with Miawpukek First Nation
- The agreement is related to the development of the company’s Valentine Gold Project in Newfoundland
- The agreement will cover the life of the project and will address issues such as access to employment and contracting opportunities by Miawpukek members
- Other terms of the agreement include education and training, cultural investment and environmental stewardship and monitoring
- Shares of Marathon Gold (MOZ) are up 1.03 per cent to C$0.98 as of 9:30 a.m. EDT
Marathon Gold (MOZ) has entered into a Scio-Economic Agreement with Miawpukek First Nation.
The agreement is related to the development of the company’s Valentine Gold project in Newfoundland.
According to Marathon Gold, the agreement will cover the life of the Valentine Gold Project.
Under the agreement, matters addressed will include access to employment and contracting opportunities by Miawpukek members and businesses.
It will also address education and training, cultural investment and environmental stewardship and monitoring, among others.
“The investment in people and Indigenous communities is an important component of the development of Newfoundland and Labrador’s rich mineral resource potential. These SEA agreements are the first of their type for mining businesses on the island of Newfoundland, and they reflect our commitment to prioritize Indigenous economic development, employment, and community well-being,” Matt Manson, CEO of Marathon Gold, said in a statement.
Headquartered out of Toronto, Marathon Gold is advancing its 100 per cent owned Valentine Gold Project. The project includes a series of five mineralized deposits along a 32-kilometre system.
A feasibility study completed in December 2022 outlined an open pit mining and conventional milling operation that can produce 195,000 ounces of gold per year for 12 years within a 14.3 year mine life.
Shares of Marathon Gold (MOZ) are up 1.03 per cent to C$0.98 as of 9:30 a.m. EDT.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.