Generation Mining / GENM (TSX)

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    Artikel in Mining Weekly


    Ontario palladium/copper project's 'time has come', says Gen Mining chair

    A new palladium and copper mine in Ontario, Canada, could be under construction next year, if permitting and financing for the C$665-million project proceed as planned.


    https://www.miningweekly.com/a…n-mining-chair-2021-03-04

    [Blockierte Grafik: https://ml.globenewswire.com/m…/small/gen-mining-jpg.jpg]


    Caesars Report: Generation Mining – A robust bankable feasibility study underpins the value of the project


    https://www.caesarsreport.com/…the-value-of-the-project/

    Conclusion
    As the 60% of the net revenue to be generated at Marathon PGM will come from palladium sales, Generation Mining just HAS to present the project as a palladium project. As Sibanye seem to be bearish on the future supply/demand ratio of palladium, they should walk away. However, Sibanye could also look at the project from the platinum perspective. While adding 45,000 ounces per year of platinum to its existing consolidated output of about 1.1 million ounces of platinum per year will hardly be noticeable, it would be able to benefit from the tightening platinum markets. Additionally, Sibanye also produces about a million ounces of palladium per year, so it could certainly deal with the palladium component as well.
    Sibanye has 90 days to decide what it wants to do, and the official Day Zero is the day on which the management committee of the joint venture makes a positive commercial production decision There’s no rush for Sibanye to do anything at all and as Sibanye has proven to be a good partner to Generation Mining we also don’t expect Generation to put pressure on Sibanye. Purely based on the numbers and the size of the project,we expect the South African company to take a back seat to see how Generation Mining deals with the permitting process and the financing structure of the project. Sibanye may also be interested in selling its 20% stake back to Generation Mining as well as it looks like the company is chasing bigger targets these days with the rumored interest in Gold Fields and AngloGold Ashanti (two $10B+ gold producers, which could indicate Sibanye Stillwater wants to reduce the ratio of palladium and platinum in its output mix).
    With Drew Anwyll as COO, Generation Mining has started to build a team to move the project forward by itself if it has to. The company can now dig into the financial side of the construction activities. Selling a royalty now would kill any potential M&A deal, but once we get closer to the final permits and once it becomes clear no suitor shows up, we expect selling a stream on the anticipated gold and/or silver production at Marathon PGM could keep the share dilution to a minimum.
    The main takeaway for investors here is that Generation Mining delivered a robust feasibility study which greatly derisks the project and which can now use to finalize its permitting process and to figure out the funding structure for the construction of the mine. Fortunately GENM is in an excellent financial shape as the balance sheet is very strong.
    Disclosure: The author holds a long position in Generation Mining. Generation Mining is a sponsor of the website.

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    Generation Mining and Biigtigong Nishnaabeg First Nation Announce Agreement in Principle


    https://ceo.ca/@nasdaq/generat…g-nishnaabeg-first-nation

    Generation Mining Limited (TSX: GENM) (OTCQB: GENMF)
    (“Gen Mining” or the “Company”) and Biigtigong Nishnaabeg (“BN”) are
    proud to announce the signing of an Agreement in Principle (“the
    Agreement”) for the Marathon Palladium Copper Project ("Marathon
    Project") located in Northwestern Ontario.


    BN has been an integral part of the environmental assessment process and Marathon Project planning. Formalizing the long-term relationship with an Agreement in Principle signals the community leadership’s support, in principle, for the Marathon Project and the Company’s commitment to provide community benefits including training, jobs, business opportunities and financial participation. The Agreement outlines the framework for a Community Benefit Agreement (CBA).

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    Generation Mining Announces Filing of Environmental Impact Statement

    https://www.genmining.com/news…nmental-impact-statement/


    “With the release of our Feasibility Study earlier in March this year and fulsome EIS document, the full value of our advanced Palladium Copper Project outside the Town of Marathon, Ontario is one step closer to being realized,” said Jamie Levy, Chief Executive Officer of Gen Mining. “This Project will add overall benefit to the communities in Northwestern Ontario with employment and training and will help the regional economic recovery following the pandemic.”

    Schade das man Rhodium in die Fs nicht mit einbezogen hat. Das ganze würde bei derzeitigen Preisen noch deutlich attraktiver aussehen als ohnehin schon....


    Helfen tut es dem Kurs derzeit ehh nicht . Palladium auf Allzeithoch und Generation dümpelt dahin, habe ich mir ehrlich gesagt anders vorgestellt. Besonders da die Preise bei Palladium nicht ewig so hoch bleiben werden.
    Immerhin sollte Kupfer langfristig hohe Kurse sehen, könnte für Generation noch sehr Wertvoll werden der hohe Kupferanteil.....

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    Generation Mining Reports on W-Horizon Winter Drill Results


    Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce results from the winter drill program of targets immediately adjacent to the Marathon palladium-copper deposit in Northwestern Ontario. The Company recently completed a positive feasibility study (see March 3rd, 2021 news release) which contemplates the development of an open-pit mining operation with robust project economics over a 13-year mine-life. Current exploration activities are focused on evaluating the potential for high grade, ramp accessible resources which could, in the future, potentially extend the life of the proposed operation.


    https://ceo.ca/@nasdaq/generat…on-w-horizon-winter-drill


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    Generation Mining: the clock started ticking for Sibanye
    Generation Mining (GENM.TO) announced the management committee of the Marathon PGM project joint venture has approved the feasibility study by majority vote so apparently the decision wasn’t unanimous. As Generation Mining currently has 80.7% of the voting rights in the joint venture, it likely pushed through the approval.


    What’s more important is that the clock has started to tick for Sibanye-Stillwater (SBSW) which now has 90 days to decide whether it wants to exercise its back-in right to earn a 51% stake in the project. The deadline to make that decision is July 22nd, and whatever Sibanye-Stillwater decides to do, it will remove the uncertainty surrounding Generation Mining. At this point our gut feeling says exercising the back-in right will be the least preferred option by Sibanye-Stillwater and we expect the South Africans to either walk away (and either continue to contribute pro-rate or dilute down) or trying to make a run to acquire full ownership of the project. But that’s just a gut feeling and we’ll have to wait for July to see what Sibanye decides to do.


    https://www.caesarsreport.com/…rted-ticking-for-sibanye/
    Disclosure: The author has a long position in Generation Mining but no position in Sibanye-Stillwater. Generation Mining is a sponsor of the website. Please read our disclaimer.
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    Marathon Preliminary Site Plan

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    Die Stadt Marathon steht hinter dem Projekt:


    The Town of Marathon (“the Town”) is an engaged participant in the Marathon Palladium Project (“the Project”) Joint Review Panel process and actively reviews all materials and provides input as it relates to the project review process.


    https://registrydocumentsprd.b…20Palladium%20Project.pdf

    [smilie_denk] ...noch 14 Tage, dann sind wir schlauer!


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    Generation Mining maintains operatorship and majority control of Marathon Project as Sibanye-Stillwater confirms it will not exercise ownership increase right



    https://ceo.ca/@nasdaq/generat…operatorship-and-majority



    TORONTO, July 21, 2021 (GLOBE NEWSWIRE) -- Generation Mining Limited (TSX: GENM; OTCQB: GENMF) (“Gen Mining” or the “Company”) is pleased to announce that the Company’s joint venture partner in the Marathon Palladium Copper project (the “Marathon Project”), Sibanye-Stillwater, has elected not to exercise its ownership increase right to expand its ownership in the project to 51%.



    As a result, Gen Mining will retain effective operatorship of the Marathon Project and intends to advance the project expeditiously on the remaining key undertakings to bring the project into production, including the environmental assessment and permitting, final negotiations with First Nations, detailed engineering, and project financing. The Company intends to provide updates on these items in the coming weeks. In the coming months, Gen Mining will continue to advance the project financing alternatives (including potential non-dilutive funding options). The Company continues to be well financed to progress the Marathon Project with approximately $12 million cash on hand.


    “We are thrilled to have clarity on this key issue, which removes a perceived encumbrance on the Marathon Project,” states Jamie Levy, President and Chief Executive Officer of Gen Mining. “Sibanye-Stillwater has been an excellent partner. We look forward to advancing Marathon to production and I think our shareholders will ultimately benefit from this decision. This project’s time has come to be developed and being a Canadian-based company looking to produce critical minerals and green metals is a very exciting place for all of our stakeholders.” [smilie_blume]


    Sibanye-Stillwater doesn’t exercise its Marathon PGM back-in rights



    Generation Mining (GENM.TO) finally has clarity on the Marathon PGM project as its joint venture partner Sibanye-Stillwater (SBSW) has elected to not exercise its back-in right on the project. As the feasibility study had been published a few months ago, Sibanye had to decide within 90 days if it wanted to exercise its back-in right to earn a 51% stake in the project but has now provided notice it won’t be doing that.
    This means Generation Mining will have to continue to advance the asset on its own and permitting will be the next hurdle for GENM to take. As Sibanye doesn’t have operations in Canada, has no experience with the permitting process and isn’t exactly a mine building company, the decision to not take a more prominent role at this time doesn’t come as a massive surprise. Sibanye hasn’t disclosed either if it wants to continue to fund the activities on a pro rata basis, and time will tell how both partners will move forward.
    The share price reacted negatively yesterday, likely also because the news was released mid-day, without a trading halt to ensure a more orderly market. The selling may persist for a little bit longer but it’s also encouraging to see millions of shares were mopped up around the C$0.90 level.


    [Blockierte Grafik: https://www.caesarsreport.com/…rathon-Infrastructure.jpg]
    https://www.caesarsreport.com/…athon-pgm-back-in-rights/
    Disclosure: The author has a long position in Generation Mining. Generation is a sponsor of the website.

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