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 > Renmark today?

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Comment by AGTCTTWWon Apr 08, 2022 11:02am

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Post# 34587806

RE:RE:RE:RE:Renmark today?

North American Palladium Ltd. was purchased by Johannesburg-based Impala Platinum Holdings Limited for CA$1 billion in 2019.^[9] Under the terms of the deal, Brookfield Business Partners was paid $570 million for its 81% stake in the company and minority shareholders were paid $19.74 per share.^[10] From that point on, the Lac des Iles mine would be operated by the new company called Impala Canada Limited.

Mining Journal

If I remember right, the stock price was depressed for weeks and then came the offer and that was that.

Majority owner made a mint and wanted out.

Retail got what they got based on the stock price just before the sale.

This is at a time where NAP was making $1000USD+/ounce profit. The stock price would simply not budge.

The new buyers then proceeded to print money with that mine at the time when palladium was surging.

NAP retail go the shaft.

You can read Stockhouse sentiments at the time:

Stockhouse

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