Budgetary ConcernsTotal 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.
Financial PerformanceThe total project capital cost exceeded the most recent budget, mainly due to extended earthworks and indirect project costs.
Financing CostsCost 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.