Generation Mining strikes financing agreement with Wheaton Precious Metals for Marathon mine construction cash
Generation Mining is pocketing a huge chunk of change for construction of an open-pit palladium and copper mine outside Marathon on the north shore of Lake Superior.
The Toronto company announced just before Christmas that it had secured a $240-million streaming deal with Wheaton Precious Metals, the world’s largest precious metals streaming company. Wheaton will take a sizeable chunk of the gold mined on the property and a portion of its platinum.
While Gen Mining is focussed on mining the palladium and copper at its Marathon project but there’s also untapped platinum, gold and silver resources in the ground with much of the the 22,000-hectare property still to be explored.
Read the full story from Northern Ontario Business HERE
