Generation Mining – Conference Attendance in February and March 2024
Generation Mining – Conference Attendance in February and March 2024
TORONTO--(BUSINESS WIRE)--February 20, 2024--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.
Contacts
Jamie Levy
President and Chief Executive Officer
(416) 640-2934 (O)
(416) 567-2440 (M)
Ann Wilkinson
Vice President, Investor Relations
(416) 640-3954 (O)
(416) 357-5511 (M)