Generation Mining Ltd T.GENM

Alternate Symbol(s): GENMF

Metals & Mining Industrial Metals & Minerals

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.

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Generation Mining Ltd > Endevour gets things done........

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Comment by Ivorygullon Aug 16, 2021 10:27am

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Post# 33709522

RE:Endevour gets things done........

Ivorygull wrote: https://endeavourfinancial.com/case-studies/fruta-del-norte-lundin-gold/

Early engagement to negotiate mining and stability agreements with Government to ensure fully bankable
Employed a multi-tranche and phased financing approach as the project de-risked through the engineering and development
Initial US$300m stream loan and gold prepay facility (+ US$100m equity commitment) was structured to allow the senior debt to be brought in at a later date
Used offtake to underpin Finnish Government support through the Finnvera Raw Materials Guarantee scheme
Senior debt facility consisted of a seven bank + Finnvera club for US$350m which was signed in July 2018