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GENM:TSX; GENMF:OTCQB; 9GN:FSE

Generation Mining Ltd.

Generation Mining is developing the Marathon Palladium project in northwestern Ontario. After the release of a very robust Preliminary Economic Assessment in January 2020, the company has begun a feasibility study which is expected to be completed in early 2021. Marathon is the largest undeveloped palladium project in North America. Most palladium demand is for autocatalysts in cars, which scrub toxic emissions from exhaust and therefore make our air much cleaner.
GENM:TSX GENMF:OTCQB 9GN:FSE

Expert Comments:

Adam Schatzker, Research Capital Corporation

(4/30/21)
"The management committee of the joint venture between Generation Mining Ltd. and Sibanye-Stillwater has, by majority vote, approved the Marathon feasibility study (filed on March 25, 2021). . .secondly, Generation and Sibanye-Stillwater have entered into a waiver and extension agreement whereby they have deferred the 'commercial production decision' date to July 22, 2021."

headshot of Thibaut Lepouttre

Thibaut Lepouttre, Caesars Report

(4/1/21)
"Generation Mining Ltd. has signed an agreement in principle for the Marathon platinum group metals (PGM) project with the Biigtigong Nishnaabeg, the First Nations tribe on whose land the Marathon PGM project is located. The agreement in principle indicates the First Nations group is supportive of the project, and hopefully Generation Mining can indeed deliver all the benefits to the community it's eyeing."

Adam Schatzker, Research Capital Corporation

(3/26/21)
"Generation Mining Ltd. published its feasibility study. . .[it] provides greater detail and granularity which we have applied to our model. . .we are increasing our net asset value multiple from 0.4x to 0.5x to reflect the reduced risk we perceive given the more detailed information."

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

(3/25/21)
"Generation Mining Ltd.'s large deposit of platinum group elements-intensive resources lies not in far-flung South Africa nor in politically dicey Russia but within trucking distance of a major portion of North America's vehicle-building infrastructure. . .if the current uptrends for palladium and copper continue, there's likely more upside from here for the company's share price."

The economics and future development of Generation Mining's Marathon project are discussed in a Mackie Research Capital Corp. report.
read more >
headshot of Thibaut Lepouttre

Thibaut Lepouttre, Caesars Report

(3/16/21)
"Generation Mining Ltd. published the results of its long-anticipated feasibility study (FS) on the Marathon platinum group metals (PGM) project, which means the company went from project acquisition to the publication of an FS in less than 18 months, a remarkable pace. . .the Marathon PGM FS appears to be very robust."

headshot of Gwen  Preston

Gwen Preston, The Maven Letter

(3/10/21)
"The long-awaited feasibility study for Generation Mining Ltd.'s Marathon deposit hit the market last week. Applying conservative metals prices of $1,725/oz palladium and $3.20/lb copper, the numbers were robust, with an after-tax net present value (discounted at 6%) of $1.07 billion and an after-tax internal rate of return of 29.7%."

The report shows that Generation Mining's Marathon is a "substantial mining project."
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Generation Mining plans to conduct this 8,000 meter program at Marathon in two phases.
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Generation Mining intends to wrap up the feasibility study on Marathon this quarter.
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Generation Mining reports the final results of its 2020 program.
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Thibaut Lepouttre of Caesars Report describes how Generation Mining is "wrapping up a busy year," including publication of an "excellent" preliminary economic assessment that he expects will be followed by a feasibility study that will "optimize" the company's returns.
read more >
Technical analyst Clive Maund charts Generation Mining and explains why he believes the stock should go "considerably higher quite quickly."
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Generation Mining notes that the new results add exploration upside to its existing resources at the Marathon Palladium Deposit.
read more >

More Expert Comments

Experts Following This Company

headshot of Gerardo Del Real
Gerardo Del Real – Outsider Club
headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report
headshot of Brien Lundin
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Clive Maund – CliveMaund.com
headshot of Gwen  Preston
Gwen Preston, Founder Resource Maven
Adam Schatzker – Research Capital Corporation
headshot of Pierre Vaillancourt
Pierre Vaillancourt, Vice President and Senior Mining Analyst – Haywood Securities

Company News

4/30/2021 – Generation Mining announces JV management committee approval of Feasibility Study and date for Sibanye ownership increase notice decision

4/1/2021 – Generation Mining and Biigtigong Nishnaabeg First Nation Announce Agreement in Principle

3/25/2021 – Generation Mining Announces Filing of the National Instrument 43-101 Technical Report for the Feasibility Study on the Marathon Palladium-Copper Project

3/3/2021 – Generation Mining Delivers Positive Feasibility Study for Marathon Palladium-Copper Project

2/23/2021 – Generation Mining Begins 8,000 Metre Drill Program at Marathon

2/22/2021 – Generation Mining Appoints Jennifer Wagner to Its Board of Directors

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
 
9.5 million palladium equivalent ounces in a tier one jurisdiction (Ontario)
 
Palladium has outperformed gold but Pd stocks severely lag Au stocks
 
PEA showed project has C$871 million NPV at $US1275 Pd (which trades over $2000 now)
catalyst Calendar
Q4
2020
Exploration results for high grade feeder zone: October, 2020
Q4
2020
Major marketing initiative: Fall 2020
Q1
2021
Bankable Feasibility Study: March, 2021