Generation Mining September 2022 Conference Attendance
Generation Mining September 2022 Conference Attendance
TORONTO--(BUSINESS WIRE)--September 8, 2022--Generation Mining Limited (TSX:
GENM) (OTCQB: GENMF) (“Gen Mining” or the “Company”) announces that Jamie Levy,
President and Chief Executive Officer will be presenting at the Precious Metals Summit being
held in Beaver Creek, Colorado on Tuesday, September 13, 2022 at 13:45 MT. The webcast will
be available on Gen Mining’s website at https://genmining.com/investors/events/ on the day of
the presentation.
Additionally, Kerry Knoll, Chairman has prepared a presentation for the H.C. Wainwright & Co
24th Annual Global Investment Conference being held in New York, New York from September
12-14, 2022. The webcast will be available on Gen Mining’s website at
https://genmining.com/investors/events/ from 7:00 ET on Monday, September 12, 2022 or may
be accessed at https://journey.ct.events/view/c90ec70c-3259-43fe-9c67-fd507666aa64.
Finally, Mr. Knoll will be presenting at the Gold Forum Americas hosted by the Denver Gold
Group being held in Colorado Springs, Colorado on Monday, September 19, 2022 at 16:10 MT.
The webcast will be available on Gen Mining’s website at
https://genmining.com/investors/events/ on the day of the presentation or may be accessed
through https://www.denvergold.org/company-live-session/gfa22/455/.
About the Company
Gen Mining’s focus is the development of the Marathon Project, a large undeveloped palladium-
copper deposit in Northwestern Ontario. The Company released the results of the Feasibility
Study on March 3, 2021 and published the NI43-101 Technical Report dated March 25, 2021.
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.
The Feasibility Study in respect of the Marathon Project 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. Over the 13-year mine life the Marathon Project is
estimated to produce 1,905,000 ounces of palladium, 467 million lbs of copper, 537,000 ounces
of platinum, 151,000 ounces of gold and 2,823,000 ounces of silver. For more information,
please review the detailed Feasibility Study dated March 25, 2021, filed under the Company’s
profile at SEDAR.com.
On August 2, 2022, the Joint Review Panel issued its Environmental 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 on or before November 30,
2022. Upon receipt of favourable decisions from the Ministers and the required permits, the
Company anticipates starting construction late in the first quarter of 2023.
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 related to the anticipated timing for ministerial approvals and
permitting, and commencement of construction of the Marathon Project; the timing and amount
of funding required to execute the Company’s development and business plans related to the
Marathon Project; and mineral production estimates and the financial returns from the
Marathon Project. All forward-looking statements, including those herein, are qualified by this
cautionary statement.
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 commodity price volatility, continued availability of capital and
financing, uncertainties involved in interpreting geological data, increases in costs,
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, 2021, and in the continuous
disclosure documents filed by the Company on SEDAR at www.sedar.com. 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.sedar.com. 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) 640-2954 (O)
(416) 357-5511 (M)