{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Generation Mining (TSX:GENM) - Marathon Palladium Project Fast-Tracked to Production","html":"","width":"100%","height":180,"duration":487,"description":"Interview with Jamie Levy, President & CEO of Generation Mining LtdOur previous interview: https://www.cruxinvestor.com/posts/generation-mining-genm-talks-20m-draw-down-future-equity-needs-2642Recording date: 13th September 2023Generation Mining is on the cusp of transitioning its Marathon palladium-copper project in Ontario, Canada from development to construction. With major milestones upcoming over the next 6-12 months, Generation Mining represents an appealing investment opportunity with near-term re-rating potential.The Marathon deposit contains a global-scale palladium resource, with reserves of over 7 million ounces palladium and 1.1 million ounces platinum. At full production, it is expected to produce 120,000 oz palladium and 30 million lbs copper per year over a 13-year mine life.Importantly, Marathon is projected to be a low-cost producer, with all-in sustaining costs of just $814/oz palladium equivalent. This provides resilience even if palladium prices retreat from current levels near $1,300/oz.Generation Mining has made great strides to de-risk execution risk and minimize capital requirements. $640 million of project financing is already in place, including a palladium stream and debt facility. The company has also completed extensive geotechnical drilling and engineering work.With these accomplishments, Marathon is on a clear fast-track to production. Major catalysts over the next 6-12 months include:- Finalizing remaining permits- Securing additional funding- Awarding the lead construction contract- Starting early infrastructure construction works- Making a full construction decision- Achieving these milestones would significantly upgrade Marathon's investment case. The start of on-site construction activities in particular would be a major re-rating event.The company estimates it needs another $200-300 million to fully fund construction. While challenging markets have delayed the raising of this equity financing, the funding gap is manageable...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}