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Marathon Gold taps Metso Outotec for Valentine processing plant equipment

Marathon Gold has awarded Metso Outotec with orders for key processing equipment for the Valentine gold project in Newfoundland, Canada. The combined order…

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This article was originally published by International Mining

Marathon Gold has awarded Metso Outotec with orders for key processing equipment for the Valentine gold project in Newfoundland, Canada.

The combined order value of approximately €15 million ($14.9 million) has been booked in Minerals’ Sepetmber-quarter orders received.

“We chose Metso Outotec equipment because of their brand reputation, technology-oriented equipment, commitment to safety and environment, and their service footprint in Atlantic Canada,” Paolo Toscano, Vice President, Projects, Marathon Gold Corporation, said.

Metso Outotec’s scope of delivery consists of a VF Series grizzly feeder, a Nordberg® jaw crusher, Planet Positive Premier® SAG and ball mills, a Mill Reline Machine (MRM), vibrating screens and a high-rate tailings thickener with Reactorwell feed system.

Andy Lingenfelter, Vice President, Minerals Sales in North and Central America, added: “We are excited to work on the Valentine gold project with Marathon. We were able to align with the project’s key value drivers at an early stage and provide to-the-point technical support.

“Marathon has selected leading-class equipment for their gold production process, and they will also be able to benefit from our broad-based service organisation.”

An April 2021 feasibility study outlined an open-pit mining and conventional milling operation at Valentine with a 2.5 Mt/y processing rate over a 13-year mine life with a 31.5% after-tax internal rate of return and initial capital costs of C$305 million ($228 million). The project has estimated proven reserves of 1.4 Moz (29.68 Mt at 1.46 g/t) and probable reserves of 650,000 oz (17.38 Mt at 1.17 g/t).

The post Marathon Gold taps Metso Outotec for Valentine processing plant equipment appeared first on International Mining.





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