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Generation Mining Limited (T:GENM)

Business Focus: Non-Gold Precious Metals & Minerals (NEC)

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