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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 Supertweetyon Dec 09, 2023 6:58am
165 Views
Post# 35776067

RE:Can Marathon make any money from copper alone?

RE:Can Marathon make any money from copper alone?at a $4.50 per pound  copper price and $1000 ounce Palladium price. The Marathon mine would be profitable. With earnings per share coming in at about $.50 to $1.00 per share. PGM prices can't remain this low very much longer or most of the PGM mines in South Africa will have to cut production or close. All the big minors are already talking about this and making plans in South Africa to cut back. This year's Palladium deficit is predicted to come in at about 900,000 ounces. if platinum and palladium  remain under $1000 per ounce I predict next year's palladium deficit to be 1,.500,000 to 2,000,000 oz.. 
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