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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

Post by Fredfudpucker00on Jul 12, 2023 12:52pm
89 Views
Post# 35537695

Lac des Isles mine

Lac des Isles mine This mine shutdown once because of low metal prices...The Lac Des Iles mine is an open-pit and underground operation located 85km from Thunder Bay in Ontario, Canada. The mine consists of the Roby zone and the offset zone and extends over 86.4km² of mineral claims and leases. Open-pit mining began in 1993 and by the second quarter of 2004, underground mining also commenced to access the higher-grade portion of the Roby Zone.

The mine was previously owned and operated by North American Palladium but was acquired by Impala Platinum in 2019.

In 2008, the mine was placed on care and maintenance for a temporary basis as a response to plunging metal prices. Production resumed on 14 April 2010 when prices began to recover.

 

As per the feasibility study published in 2018, the mine life is extended until 2027 with average underground production of 12,000 tonnes per day (tpd) and 40.9 million tonnes (Mt) of underground and surface reserves

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