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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 Y93H1979on Sep 12, 2022 11:43pm
113 Views
Post# 34958509

RE:RE:RE:RE:RE:Moz raises $150m at 1.10

RE:RE:RE:RE:RE:Moz raises $150m at 1.10
Another reason for the size of the raise was a huge blowout in CAPEX compared with the DFS. From $305 mil CAD to 480-490mil. Let's just say $305 was being wildly optimistic. Yes, max capacity was relatively small at 4mtpa to the mill, but they needed a 40km powerline and a camp in a relatively remote location.

They also waffle on about sustaining costs being brought forward into initial CAPEX or some excuse along those lines. Basically that is saying we need to do more prestripping. (This project has an incredibly high strip ratio). This was bad planning on the part of management. Inflation does NOT account for a 50% increase in CAPEX!

How inflation will affect GENM is obviously yet to be seen. prices are almost certain to increase, which is why I always harp on about the significance of the mills being secured.
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