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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

Post by Supertweetyon Nov 17, 2021 8:50am
256 Views
Post# 34135317

Buying out Sibanye

Buying out SibanyeI feel Sibanye wants to sell their remaining share of the Marathon mine and for a fair price. I think the holdup might be GENM doesn't have enough extra cash in the bank that they can spare.  GENM has to keep enough cash to make it through the Permit Process.  That's the most important thing. It's in Sibanye's best interest to make a deal and soon. I live in the US and have been saving this joke: Maybe GENM should sweeten the deal by throwing in some Maple Syrup and Canadian Bacon. 
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