Generation Mining is Toronto Stock Exchange-listed company focusing on bringing the Marathon Palladium-Copper Project in Northwestern Ontario into production. Marathon is the largest undeveloped Palladium deposit in North America. The Marathon Property covers approximately 22,000 hectares, or 220 square kilometres and Generation Mining owns a 100% interest.
Generation Mining completed a Feasibility Study in March, 2021 which estimated that at US$1,725/oz palladium, and US$3.20/lb copper, Marathon’s Net Present Value (at 6% discount rate) is approximately C$1.07 billion with a payback of 2.3 years and an Internal Rate of Return of 30%. Upfront capital costs were estimated at C$665 million, net of equipment financing and pre-completion operating costs and revenues. The mine would produce an estimated 245,000 palladium equivalent ounces per year over a 13-year mine life at an All-In Sustaining Cost of US$809 per palladium-equivalent ounce.
On August 2, 2022, the Joint Review Panel issued its Environment Impact Statement Report to the Federal and Provincial Ministers of the Environment. Final Ministerial decisions in the Environmental Assessment process are expected to be delivered within 120 days of delivery of the Report. Upon receipt of favourable decisions from the Ministers and the required permits, the Company anticipates starting construction late in the first quarter of 2023.
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