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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

Comment by KIMAUIon Jun 12, 2024 11:14am
74 Views
Post# 36084832

RE:patience.

RE:patience. You sure? They're expected to have permits end of summer, then financing announced, construction start spring 2025... Copper is predicted to keep rising, and palladium bounce back starting Q4 2024. 
Pd recycling is expected to rise, but production at $900/ounce is a deficit to most producers and they have slowed prodcution. GenM is the only mine i know of with an $800 AISC. U.S elections this year and electrification is hot topic, (hybrid push most likely while the grid is built) tax and sanctions on critical moineral imports and gov't's are openly/ vocally committed to support mininn in Canada/Ontario. All this and they haven't even explored the whole property.  

Taking longer than expected but management isn't dumb or new to this. Let them move the pieces and plan. It's chess, not checkers. 

I will give you this - the salary increases are a bit of piss off. 
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