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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 Dec 27, 2022 1:34pm
218 Views
Post# 35192589

RE:RE:RE:Neighbor explorer gets financing

RE:RE:RE:Neighbor explorer gets financing Palladium One is on the record as an explorer only, not a producer. They are not on a path to production for the LK palladium project in Finland, the Tyko nickel district in Ontario, or any of their lesser projects. LK is on a shelf until a buyer shows up. All current fund raising is going toward Tyko, & the previous round of PP was explicitly limited for use on Tyko on nothing else. They have limited investor interest by making it clear, we are not in any way carrying our projects to production. We are defining a resource & offering it for sale as is. That is a rare strategy in junior mining, as most juniors pretend they would develop their project & enter production if they could. Of course, most are only pretending, do hats off to PDM for making their intentions clear. Generation on the other hand is 100% carrying their project to production & beyond, barring a monster buyout offer. They have the people in place, a viable resource, & an easy path to complete financing. I have owned both, although at the moment I no longer own either. The only thing PDM has in common with Generation is they are both Canadian & they both own a Pd resource. Their strategy & future are totally different. PDM has bet the farm on a buyout offer coming thru.
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