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Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

Generation Mining Limited is a Canada-based exploration and development 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 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 StockDoc60on Jan 26, 2021 5:33pm
175 Views
Post# 32391482

RE:Interview with Kerry

RE:Interview with Kerry

Great ,concise interview.  No BS !!

Really liked this part :
 

Fortunately, most of the field work had been completed before Covid struck, and we expect the feasibility study to be published in February 2021.

G-Mining Services and Ausenco are doing the study for us, and we also brought in outside consultants such as Steve Haggarty, a metallurgist who was VP operational support at Barrick. Steve has redone our flowchart and metallurgy, improving the recovery rate of PGM and copper at a lower cost than the figures presented in the PEA. The new study, released in August 2020, showed a 4% increase in palladium recovery, 10% increase in platinum, and 3% increase in copper. All of this extra metal comes with cost savings on capex and opex, and adds as much as an extra C$25 million per year during the LOM.

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Looks like the next big leg up ,after this consolidation could be as early as 5 weeks !!!!
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