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Generation Mining feasibility defines 13-year open pit mine A feasibility study from Generation Mining (TSX: GENM) on its 80%-held Marathon palladium-copper project in northwestern Ontario suggests a 25,200 tonne per day open pit operation producing a copper-PGM (platinum group metal) concentrate for sale to an off-site smelter. In its first three years of operation, the 13-year surface mine would generate a total of 588,000 palladium oz. and 122 million lb. of copper from an estimated 270,000 tonnes of shipped concentrate. Life-of-mine payable metals are estimated at 1.9 million palladium o...

A feasibility study from Generation Mining (TSX: GENM) on its 80%-held Marathon palladium-copper project in northwestern Ontario suggests a 25,200 t/d open pit operation producing a copper-PGM (platinum group metal) concentrate for sale to an off-site smelter. In its first three years of operation, the 13-year surface mine would generate a total of 588,000 palladium oz. and 122 million lb. of copper from an estimated 270,000 tonnes of shipped concentrate. Life-of-mine payable metals are estimated at 1.9 million palladium oz., 467 million copper lb., 537,000 oz. of platinum, 151,000 oz. of go...

2 Pd eq grade is calculated based on: (Pd US$1,725/31.10348 x Pd grade g/t  +Cu US$3.20/2204.6 x Cu grade %/100+Au US$1,400/31.10348 x Au grade g/t+ Pt US$1,000/31.10348 x Pt grade g/t+Ag US$20/31.10348 x Ag grade g/t))/ (Pd US$1,725/31.10348) Jamie Levy, President and CEO of Gen Mining commented, “This study confirms that the Marathon Palladium and Copper Project is a substantial mining project that is expected to provide a very robust return on investment. We expect the palladium supply in particular to remain in deficit for the foreseeable future as Europe, China and other regions roll ...