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Generation Mining Ltd GENMF


Primary Symbol: T.GENM

Generation Mining Limited is a Canada-based exploration and development stage company. The Company's focus is on the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon Project is 100% owned by Generation PGM Inc. (Generation PGM), a wholly owned subsidiary of the Company. The Company also has a number of other exploration properties located in Canada. The Marathon Project is located along the Trans-Canada Highway in Northwestern Ontario and covers a land package of approximately 22,000 hectares. The Marathon Project is estimated to produce about 2,122,000 ounces of palladium, 517 million pounds (lbs) of copper, 485,000 ounces of platinum, 158,000 ounces of gold, and 3,156,000 ounces of silver.


TSX:GENM - Post by User

Post by dsdsemmaon Mar 13, 2024 3:21pm
102 Views
Post# 35931175

$0.34, nice jump

$0.34, nice jumpDon't know why but here tradingeconomics explanation of copper price increase:

"

Copper futures surged to over $4.0 per pound, reaching the highest in more than seven months after top Chinese copper smelters agreed to reduce production at unprofitable facilities due to raw material shortages. The decision came as copper concentrate prices plummeted to a decade-low, impacting smelters' profitability. Although no specific production limits were established, each smelter will evaluate operations and make adjustments as needed. Additionally, the meeting addressed potential alternative strategies such as increasing the use of copper blister to decrease reliance on copper ore concentrate in manufacturing processes."

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