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Bullboard - Stock Discussion Forum 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... see more

TSX:GENM - Post Discussion

Generation Mining Ltd > JRP report for Argonaut Magino project
View:
Post by JAUBE123 on Aug 02, 2022 9:40pm

JRP report for Argonaut Magino project

Here's their conclusion :

"The Agency concludes that, taking into account the implementation of mitigation measures, the Project is not likely to cause significant adverse environmental effects as defined in CEAA 2012.
The Agency has identified key mitigation measures and follow-up program measures for consideration by the Minister of Environment and Climate Change in establishing conditions as part of the Environmental Assessment Decision Statement, in the event that the Project is permitted to proceed.
In addition, it is the Agency’s expectation that for the Project to be carried out in a careful and precautionary manner, all of the proponent’s commitments, as outlined in the Environmental Impact Statement and its supporting documents, including the document titled “Addendum to the Environmental Impact Statement - Mitigation, Monitoring and Commitment List” and available on the Canadian Environmental Assessment Registry’s Internet Site, would be implemented as proposed."
Comment by JAUBE123 on Aug 02, 2022 9:44pm
A bit more rosy than ours in comparison but a lot of the same issues within First Nation impacts but they didn't have caribou to worry about. 
Comment by JAUBE123 on Aug 02, 2022 9:54pm
Comparison of conclusions for both: GENM: "With respect to all other accident and malfunction scenarios, the Panel concluded that, if the recommended mitigation measures and follow-up programs are implemented, the Project is not likely to cause a significant adverse environmental effect" MAGINO: "The Agency concludes that, taking into account the implementation of mitigation ...more  
Comment by Sacks45 on Aug 02, 2022 11:32pm
Why did their stock go from 4.00 to .50? Is it the extra money they needed because of prices and or dilution? At any rate as is they are worth close to 200 million in valuation
Comment by JAUBE123 on Aug 02, 2022 11:56pm
Yup the stock tanked by half when they had announced major cost overruns before the market took a turn for the worse and continued its downfall with/like juniors have the passed 3 months.
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