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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 IgnacioCashmereon Nov 10, 2021 11:30am
120 Views
Post# 34110132

RE:I'm starting to wonder

RE:I'm starting to wonder
This is why they hired Endeavor, its complicated. They hired pros to do the negotiating & satisfy all parties. It doesn't mean a deal gets done. That's junior mining. The potential buyers may just say, I'll pass. We dont have a deal until it is done, everything else is just talk. I am still expecting January as a guess of when it happens. But it is also possible, much longer, so Generation can dilute Sibanye down further. No deal means a low share price, nothing else matters. So we wait, & it's taking a long time because Sibanye has to agree to any proposal. They may have already decided to say no to anything, we dont know.
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