“The focus of Generation Mining is developing a large palladium mine in northern Ontario;” says Executive Chairman of Generation Mining, Kerry Knoll.
The world production of palladium has not increased over the last 20 years, while consumption has increased. As a result, there’s a shortage.
Marathon Palladium Project
The Marathon Palladium Project is located right on the Trans-Canada Highway and has already undergone a preliminary economic assessment.
“It’s going to cost $430 million dollars to build the mine and it has a net present value of $871 million showing that we can make palladium for just over $500 dollars an ounce;” Knoll says.
More on the Project
The project is located in north-western Ontario. The 220 square-km property covers nearly the entire Coldwell Complex. In addition, the Marathon Deposit has a total north-south strike length of approximately 3km and dips 30° to 40° toward the west.
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