RE:RE:Comparable Mines?ChatGPT reply to follow up question:
Please compare the mine output from the proposed Generation Mining Marathon Mine to other operating mines in Canada. Focus on total metal to be produced, production per year and years of planned operation when making your comparisons.
ChatGPT response:
The proposed Generation Mining Marathon Mine is expected to produce 245,000 ounces of palladium equivalent per year over a 13-year mine life, according to the company's feasibility study.
Here are some comparisons to other operating mines in Canada, based on their current production levels and mine life:
Lac des Iles Mine: As mentioned earlier, Lac des Iles is one of the largest primary palladium mines in the world, and it produced approximately 202,000 ounces of palladium in 2021. The mine has been in operation for nearly 30 years and has a remaining mine life of approximately 12 years based on current reserves.
Sudbury Integrated Nickel Operations: Vale's Sudbury operations produce a variety of metals, including copper, nickel, and palladium. In 2021, Sudbury produced approximately 49,000 ounces of palladium, as well as significant amounts of copper and nickel. The mines have been in operation for over 100 years, and Vale has stated that the mines have sufficient resources to continue operating for decades.
Copper Mountain Mine: Copper Mountain produced approximately 86 million pounds of copper and 25,000 ounces of gold in 2021. The mine has a projected mine life of approximately 17 years based on current reserves.
Mount Milligan Mine: In 2021, Mount Milligan produced approximately 99 million pounds of copper and 198,000 ounces of gold. The mine has a projected mine life of approximately 16 years based on current reserves.
Red Chris Mine: Operated by Imperial Metals, Red Chris produced approximately 48 million pounds of copper and 47,000 ounces of gold in 2021. The mine has a projected mine life of approximately 28 years based on current reserves.
Based on these comparisons, it appears that the Marathon Mine has the potential to be a significant producer of palladium in Canada, with an estimated production level similar to that of Lac des Iles, which is one of the largest primary palladium mines in the world. However, Marathon's mine life is shorter than some of the other mines listed, such as Sudbury and Red Chris.