Valentine Gold Project Agreement Announced

The Provincial Government has signed a benefits agreement with Marathon Gold Corporation for its Valentine Gold Project.

Marathon has established project offices in the province and will provide residents and suppliers with an opportunity and first consideration for employment and procurement opportunities in relation to the construction and operation phases of the project.

No less than 85 percent of the project workforce will be provincial residents.

The Valentine Gold Project is expected to generate more than $750 million in income to workers and businesses located within the province.

Construction of the mine and mill is expected to begin later this year and will be located 80 kilometres southwest of Millertown in Central Newfoundland. When completed, the Valentine Gold Project will be the largest gold mine in Atlantic Canada.

The project remains subject to a federal environmental assessment.