Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
Company Contact | |
Address: | 100 King Street West, Suite 7010, PO Box 70 TORONTO ON m5x1B1 |
Tel: | 1-416-6402954 |
Website: | https://www.genmining.com |
IR: | See website |
Key People | ||
Kerry J. Knoll Executive Chairman of the Board | Jamie Levy President, Chief Executive Officer, Executive Director | Brian E. Jennings Chief Financial Officer |
Drew Anwyll Chief Operating Officer | Ann E. Wilkinson Vice President of Investor Relations | Adam Segal General Counsel, Corporate Secretary |
Business Overview |
Generation Mining Limited is a Canada-based exploration and development stage company. The Company's focus is on the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon Project is 100% owned by Generation PGM Inc. (Generation PGM), a wholly owned subsidiary of the Company. The Company also has a number of other exploration properties located in Canada. The Marathon Project is located along the Trans-Canada Highway in Northwestern Ontario and covers a land package of approximately 22,000 hectares. The Marathon Project is estimated to produce about 2,122,000 ounces of palladium, 517 million pounds (lbs) of copper, 485,000 ounces of platinum, 158,000 ounces of gold, and 3,156,000 ounces of silver. |
Financial Overview |
For the nine months ended 30 September 2023, Generation Mining Ltd revenues was not reported. Net loss decreased 71% to C$13.4M. Lower net loss reflects Acquisition, evaluation and Exploration decrease of 71% to C$11.3M (expense), Fair value gain (loss) on financial liab increase from C$432K to C$1.8M (income), Management Remuneration decrease of 60% to C$929K (expense). |
Employees: | 17 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $43.55M as of Sep 30, 2023 |
Annual revenue (TTM): | $0.00M as of Sep 30, 2023 |
EBITDA (TTM): | -$22.42M as of Sep 30, 2023 |
Net annual income (TTM): | -$24.09M as of Sep 30, 2023 |
Free cash flow (TTM): | -$17.56M as of Sep 30, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 236,053,408 as of Feb 9, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |