Generation Mining Limited (TSX:GENM) ("Gen Mining" or the
"Company") announces that the Company will be hosting 1x1s and
corporate presentations at several in-person conferences over the
next two weeks including:
BMO Global Metals, Mining & Critical Minerals Conference
2024 being held in Hollywood, FL February 25, 2024 to February 28,
2024;
Red Cloud’s Pre-PDAC 2024 Mining Showcase being held in Toronto,
ON February 29, 2024 to March 1, 2024; and
PDAC 2024: The World’s Premier Mineral Exploration & Mining
Convention being held in Toronto, ON March 3, 2024 to March 6,
2024.
For those of you planning to attend the PDAC, we encourage you
to visit us at Booth 2724 in the Investors Exchange.
About Generation Mining Limited
Gen Mining’s focus is the development of the Marathon Project, a
large undeveloped palladium-copper deposit in Northwestern Ontario,
Canada. The Company released the results of the Feasibility Study
Update on March 31, 2023.
The Feasibility Study Update estimated a Net Present Value
(using a 6% discount rate) of C$1.16 billion, an Internal Rate of
Return of 25.8%, and a 2.3-year payback. The mine is expected to
produce an average of 166,000 ounces of payable palladium and 41
million pounds of payable copper per year over a 13-year mine life
(“LOM”). Over the LOM, the Marathon Project is anticipated to
produce 2,122,000 ounces of palladium, 517 million lbs of copper,
485,000 ounces of platinum, 158,000 ounces of gold and 3,156,000
ounces of silver in payable metals. For more information, please
review the Feasibility Study Update dated March 31, 2023, filed
under the Company’s profile at www.sedarplus.com or on the
Company’s website at
https://genmining.com/projects/feasibility-study/.
The Marathon Property covers a land package of approximately
22,000 hectares, or 220 square kilometres. Gen Mining owns a 100%
interest in the Marathon Project.
Qualified Person
The scientific and technical content of this news release was
reviewed, verified, and approved by Drew Anwyll, P.Eng., M.Eng,
Chief Operating Officer of the Company, and a Qualified Person as
defined by Canadian Securities Administrators’ National Instrument
43-101 - Standards of Disclosure for Mineral Projects.
Forward-Looking Information
This news release contains certain forward-looking information
and forward-looking statements, as defined in applicable securities
laws (collectively referred to herein as "forward-looking
statements"). Forward-looking statements reflect current
expectations or beliefs regarding future events or the Company’s
future performance. All statements other than statements of
historical fact are forward-looking statements. Often, but not
always, forward-looking statements can be identified by the use of
words such as "plans", "expects", "is expected", "budget",
"scheduled", "estimates", "continues", "forecasts", "projects”,
“predicts”, “intends”, “anticipates”, “targets” or “believes”, or
variations of, or the negatives of, such words and phrases or state
that certain actions, events or results “may”, “could”, “would”,
“should”, “might” or “will” be taken, occur or be achieved,
including statements relating to the life of mine, mineral
production estimates, payback period, and financial returns from
the Marathon Project.
Although the Company believes that the expectations expressed in
such statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual
results or developments may differ materially from those in the
statements. There are certain factors that could cause actual
results to differ materially from those in the forward-looking
information. These include the timing for a construction decision;
the progress of development at the Marathon Project, including
progress of project expenditures and contracting processes, the
Company’s plans and expectations with respect to liquidity
management, continued availability of capital and financing, the
future price of palladium and other commodities, permitting
timelines, exchange rates and currency fluctuations, increases in
costs, requirements for additional capital, and the Company’s
decisions with respect to capital allocation, and the impact of
COVID-19, inflation, global supply chain disruptions, global
conflicts, including the wars in Ukraine and Israel, the project
schedule for the Marathon Project, key inputs, staffing and
contractors, commodity price volatility, continued availability of
capital and financing, uncertainties involved in interpreting
geological data, environmental compliance and changes in
environmental legislation and regulation, the Company’s
relationships with First Nations communities, exploration
successes, and general economic, market or business conditions, as
well as those risk factors set out in the Company’s annual
information form for the year ended December 31, 2022, and in the
continuous disclosure documents filed by the Company on SEDAR+ at
www.sedarplus.ca. Readers are cautioned that the foregoing list of
factors is not exhaustive of the factors that may affect
forward-looking statements. Accordingly, readers should not place
undue reliance on forward-looking statements. The forward-looking
statements in this news release speak only as of the date of this
news release or as of the date or dates specified in such
statements.
Forward-looking statements are based on a number of assumptions
which may prove to be incorrect, including, but not limited to,
assumptions relating to: the availability of financing for the
Company’s operations; operating and capital costs; results of
operations; the mine development and production schedule and
related costs; the supply and demand for, and the level and
volatility of commodity prices; timing of the receipt of regulatory
and governmental approvals for development projects and other
operations; the accuracy of Mineral Reserve and Mineral Resource
Estimates, production estimates and capital and operating cost
estimates; and general business and economic conditions.
Investors are cautioned that any such statements are not
guarantees of future performance and actual results or developments
may differ materially from those projected in the forward-looking
information. For more information on the Company, investors are
encouraged to review the Company’s public filings on SEDAR+ at
www.sedarplus.ca. The Company disclaims any intention or obligation
to update or revise any forward- looking information, whether as a
result of new information, future events or otherwise, other than
as required by law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240220318797/en/
Jamie Levy President and Chief Executive Officer (416) 640-2934
(O) (416) 567-2440 (M) jlevy@genmining.com
Ann Wilkinson Vice President, Investor Relations (416) 640-3954
(O) (416) 357-5511 (M) awilkinson@genmining.com
Generation Mining (TSX:GENM)
過去 株価チャート
から 10 2024 まで 11 2024
Generation Mining (TSX:GENM)
過去 株価チャート
から 11 2023 まで 11 2024
