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Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

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

Bullboard Posts
Comment by Thatchcayeon Feb 22, 2020 4:09pm
132 Views
Post# 30721578

RE:What's next?

RE:What's next?Feasibility study is next and then permit approval for the mine. At that point, Sibanye either jumps in to fund it or they let GENM take 80% instead of 50%. Most likely palladium will be over $3000 an ounce soon, however, and one would expect Sibanye to make an offer at any time. They are desperate to have more mining outside of South Africa and they are already in this deal. I think that a buy out is most likely before the mine is even begun.
Bullboard Posts