Generation Mining’s (TSXV: GENM) Marathon palladium-copper project in northwest Ontario is construction ready, with more than $1 billion in financing lined up, pending higher metal prices, founder and chairman Kerry Knoll says.
For Marathon’s economics to work, the palladium price would have to rise at least 24% from the current US$1,047.50 per oz. to a range between US$1,200 and US$1,400 per oz., the mining veteran said.
“We have a rare ‘company maker’ palladium project,” Knoll told The Northern Miner’s western editor, Henry Lazenby, during last month’s Prospectors and Developers Association of Canada’s convention in Toronto.
Inflation pushed the project forecast over $1 billon, but Knoll says he’s working to trim costs.
Watch the full interview below.
Be the first to comment on "Video: Generation Mining poised to build Marathon mine if palladium price improves, chairman says"