Budget OverrunThe total project capital cost exceeded the most recent budget, mainly due to extended earthworks and indirect project costs.
Cost IncreaseTotal project capital cost of C$339 million is slightly higher than the most recent total project budget of C$334 million, due to increased duration of earthworks and project indirect costs.
Interest Rate ConcernCost Overrun Facility has a high interest rate of 10.0% plus the greater of 3.5% or the three month SFOR per annum, which could lead to increased financial expenses.