Generation Mining (GENM.TO) has been busy in the past few weeks and months, as the company is assembling a team to help the company through the permitting process for its Marathon PGM project. As Sibanye decided to walk away and as Generation Mining is still spending money on the project, Generation’s economic interest in the project has increased to 82.6%. The company appointed Jeremy Dart as environmental manager and Cathryn Moffett as manager of community consultation.
The appointment of Dart is interesting as not only was his most recent employment related to overseeing the environmental and closure department of the Hemlo gold mine, he is also based on Marathon, Ontario, just kilometers away from Generation Mining’s flagship project. Moffett on the other hand has plenty of experience thanks to he previous role as director of sustainability at Detour Gold (DGC.TO), which was acquired by Kirkland Lake Gold (KL, KL.TO). Meanwhile, Wood, the consulting and engineering firm, has been tasked with the processing plant engineering job, as well as with the long lead-time procurement services for the Marathon PGM project. A first step will be to optimize the project design and the footprint of the facility before actually moving into the detailed engineering phase. The goal is to have 75% of the total engineering ready at the start of the construction phase.
As you notice, Generation Mining seems to be building an entire team with just one goal: getting the Marathon PGM project permitted and ready for construction. Generation Mining will require additional funding but the company hasn’t pulled the trigger on anything just yet.
Meanwhile, the Environmental Assessment procedure is ongoing and Generation Mining has disclosed it has received seven Information Requests from the Joint Review Panel which isn’t abnormal in the permitting phase of a project.
Disclosure: The author has a long position in Generation Mining. Generation Mining is a sponsor of the website. Please read our disclaimer.
