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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 Rainydayon Jan 24, 2023 11:20am
82 Views
Post# 35242338

RE:Financing

RE:Financing I'm wondering if the fact they have had "a lot of interest" may be the reason it's actually taking longer to complete the financing. If all the offers were just pure debt the selection process would be fairly simple (term + interest rate). Among the offers may be equity and quasi-equity (such as convertible bonds) financings and those are more complex to evaluate. As I said earlier, they have good consultants to help in the selection process and I trust the management to make the right choice. 
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