Generation Mining Limited (GENM) Financings
TSX: GENM · Copper, PGM · Development stage
- Market cap$321.0M
- Share price$0.460
- 52-week range$0.450 – $0.920
- Shares outstanding697,840,243
- ExchangeTSX
- Websitewww.genmining.com
Generation Mining's (TSX: GENM) focus is the development of the Marathon Project, a large undeveloped copper-palladium deposit in Northwestern Ontario. The Feasibility Study (the 'Technical Report') with an effective date of November 1, 2024, estimated a Net Present Value (using a 6% discount rate) of C$17 billion, an Internal Rate of Return of 28%, and a 1.9-year payback based on the 3-yr trailing average metal prices at the effective date of the Technical Report. Over the anticipated 13-year mine life, the Marathon Project is expected to produce approximately: 2,161,000 ounces of palladium, 532 million lbs. of copper, 488,000 ounces of platinum, 160,000 ounces of gold and 3,051,000 ounces of silver in payable metals. These production estimates and economic projections are forward-looking statements subject to risks and uncertainties.
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Generation Mining Limited financial statements
Key figures read from 33 of 33 financial statement filings, May 28, 2018 to Aug 12, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$10,036,091 | C$5,525,287 | C$16,457,963 | C$18,766,791 | C$5,397,171 |
| Short-term investments | — | — | — | C$0 | C$1,242,000 |
| Total current assets | C$10,559,647* | C$6,001,435* | C$16,719,415* | C$20,716,943* | C$7,467,448* |
| Total assets | C$12,377,246 | C$8,349,514 | C$20,222,774 | C$25,017,226 | C$8,173,106 |
| Total liabilities | C$82,596,518 | C$58,130,566 | C$49,611,827 | C$49,114,842 | C$2,499,598 |
| Shareholders' equity | (C$70,219,272) | (C$49,781,052) | (C$29,389,053) | (C$24,097,616) | C$5,673,508 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | C$4,568,079 | C$8,526,242 | C$14,864,406 | C$47,567,381 | C$12,576,470 |
| Share-based compensation | C$1,984,800 | C$1,228,121 | C$1,082,240 | C$1,257,837 | C$2,273,858 |
| Impairments and write-downs | — | — | — | — | C$0 |
| Net income (loss) | (C$33,865,514) | (C$21,620,120) | (C$17,763,257) | (C$56,233,651) | (C$17,083,412) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$6,469,548) | (C$10,179,651) | (C$16,064,453) | (C$30,822,875) | (C$14,528,662) |
| Investing cash flow | C$0 | (C$23,517) | (C$116,235) | (C$1,420,757) | C$1,513,590 |
| Financing cash flow | C$10,980,352 | (C$729,508) | C$13,871,860 | C$45,613,252 | C$6,749,883 |
| Property, plant and equipment spending | C$0 | (C$23,517) | C$0 | (C$40,586) | — |
| Proceeds from share issues | C$10,754,128 | C$0 | C$13,863,349 | — | C$0 |
| Change in cash | C$4,510,804 | (C$10,932,676) | (C$2,308,828) | C$13,369,620 | (C$6,265,189) |
| Cash at end of period | C$10,036,091 | C$5,525,287 | C$16,457,963 | C$18,766,791 | C$5,397,171 |
Generation Mining Limited financings
8 financings announced or closed by Generation Mining Limited, read by Mining News Terminal, newest first.
Generation Mining Limited debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Generation Mining Limited has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-09-14 | Convertible note / loan, proposed | — | C$100M | — |
| 2026-06-22 | Credit facility, proposed | Export Development Canada | C$200M | — |
| 2025-05-23 | Credit facility, proposed | — | C$200M | — |