Generation Mining (GENM) AI Stock Analysis

• Market Cap: C$191.44M
• Dividend Yield: N/A
• Average Volume (3M): 623.25K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.63
• Revenue Growth: N/A
• EPS Growth: 6.85%
• Country: CA
• Employees: 13
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -0.03
• Shares Outstanding: 269,631,650
• 10 Day Avg. Volume: 396,881
• 30 Day Avg. Volume: 623,254
• PEG Ratio: 0.57
• Price to Book (P/B): -0.74
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.59
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): -0.01
• Revenue Forecast (FY): N/A

• Rating: 55 Neutral
• Price Target: C$0.73 ▼(-12.29% Downside)

The score is held back primarily by weak financial performance (pre-revenue losses, negative equity, and ongoing cash burn). Offsetting this, technicals show strong bullish trend and momentum, while recent corporate updates are positive. Valuation remains a risk signal given the loss-driven negative P/E and lack of dividend support.

Positive Factors

Low absolute debt burden

Modest absolute debt reduces near-term refinancing pressure and interest cost sensitivity, preserving flexibility as the Marathon project advances. For a pre-production miner, low leverage helps maintain optionality for project financing and strategic partnerships over months.

Expanded land position and leadership hire

A 36% increase in claims and a VP Projects hire materially strengthen the project pipeline and execution capability. Larger resource footprint and added technical/management capacity support de‑risking, permit/engineering progress and credibility with lenders and offtake partners.

Improving operating cash outflow

Meaningful reduction in operating cash burn signals better cost control and extends runway without immediate capital events. Sustained lower outflows enhance ability to advance permitting/engineering and reduce near-term dilution risk while seeking project financing.

Negative Factors

Pre-revenue status with large recurring losses

Being pre-revenue with recurring multi‑million dollar losses is a structural constraint: the company cannot self-fund development, continually erodes equity, and must access external capital to progress the Marathon project, a durable financing risk over months.

Deeply negative shareholders' equity

Negative equity reflects cumulative losses and weak capital resilience. This reduces borrowing capacity, may increase financing costs, and raises the likelihood of dilutive equity raises or onerous financing terms as the company seeks project financing over the coming months.

High dependence on external financing

The business model relies on equity and project financing until production. That persistent dependence exposes investors to dilution and execution risk if market or partner conditions tighten, and limits long-term predictability until cash generation begins.

Generation Mining Business Overview & Revenue Model

Company Description

Generation Mining Limited, a mineral exploration and development stage company, focuses on base and precious metal deposits in Canada. It explores for zinc, lead, silver, molybdenum, copper, gold, diamond, tungsten, platinum, and palladium deposits. The company holds 100% interest in the Marathon Palladium and Copper project covering an area of 22,000 hectares located in north-western Ontario. It has an option to acquire a 100% interest in the Davidson molybdenum project located in British Columbia; and has rights to a mineral concession in the Darnley Bay project located in the Northwest Territories. The company was incorporated in 2018 and is based in Toronto, Canada.

How the Company Makes Money

Generation Mining generates revenue through the exploration, development, and potential future production of mineral resources, particularly palladium and copper, from its Marathon Project. The company's primary revenue stream is anticipated to come from the sale of these extracted metals to global markets, where demand is driven by industries such as automotive manufacturing (especially for catalytic converters), electronics, and green energy. Additionally, partnerships and joint ventures with other mining companies or investors could provide financial backing and shared expertise, contributing to the company's earnings through shared project development costs and potential profit-sharing agreements. However, as of the latest available information, Generation Mining is in the development phase and has not yet commenced commercial production, meaning its current revenue is minimal and primarily derived from financing activities.

Generation Mining Financial Statement Overview

Summary

Generation Mining's financial statements reveal a challenging financial position characterized by zero revenue generation, significant operational losses, and negative equity. The consistent negative cash flows suggest the company struggles to fund its operations without external financing. Overall, the financial health appears vulnerable, with pressing needs to improve revenue streams and manage costs effectively.

Income Statement

Generation Mining has consistently reported zero revenue over the years, indicating a lack of operational sales. The company has incurred significant losses, with a negative EBIT and net income in both the annual and TTM periods. The inability to generate revenue and the increasing losses highlight financial instability and poor performance in the income statement.

Balance Sheet

The balance sheet reflects a concerning financial position with negative stockholders' equity, suggesting liabilities exceed assets. The debt-to-equity ratio is irrelevant due to negative equity, and the increasing total liabilities further exacerbate the risk. This suggests a high-risk financial structure with potential solvency issues.

Cash Flow

Operating cash flow and free cash flow are both negative, indicating cash outflows from operations. There is no sign of positive cash generation from core activities, and significant reliance on financing activities was observed. The lack of positive cash flow signals weak cash management and sustainability issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-120.61K	-378.71K	-14.86M	-1.70M	-97.34K	-99.35K
EBITDA	-21.31M	-20.25M	-15.79M	-54.29M	-16.95M	-8.26M
Net Income	-22.11M	-21.62M	-17.76M	-56.23M	-17.08M	-8.39M
Balance Sheet
Total Assets	13.39M	8.35M	20.22M	25.02M	8.17M	15.66M
Cash, Cash Equivalents and Short-Term Investments	11.55M	5.53M	16.46M	18.77M	6.64M	14.23M
Total Debt	1.04M	1.61M	2.55M	3.30M	191.41K	223.17K
Total Liabilities	69.62M	58.13M	49.61M	49.11M	2.50M	1.96M
Stockholders Equity	-56.24M	-49.78M	-29.39M	-24.10M	5.67M	13.70M
Cash Flow
Free Cash Flow	-5.71M	-10.20M	-16.81M	-32.24M	-14.53M	-8.59M
Operating Cash Flow	-5.71M	-10.18M	-16.06M	-30.82M	-14.53M	-8.56M
Investing Cash Flow	0.00	-23.52K	-116.23K	-1.42M	1.51M	697.46K
Financing Cash Flow	10.21M	-729.51K	13.87M	45.61M	6.75M	18.31M

Generation Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.83
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:GENM, the sentiment is Positive. The current price of 0.83 is above the 20-day moving average (MA) of 0.78, above the 50-day MA of 0.66, and above the 200-day MA of 0.43, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.22 is Neutral, neither overbought nor oversold. The STOCH value of 24.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:GENM.

Generation Mining Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GENM	55 Neutral	C$191.44M	-7.91	―	―	―	6.85%
FPX	55 Neutral	C$185.66M	-42.14	-6.27%	―	―	-60.92%
CNC	54 Neutral	C$522.02M	-25.45	-7.85%	―	―	-51.28%
SURG	53 Neutral	C$196.89M	-64.04	-4.43%	―	―	-18.67%
PGE	52 Neutral	C$132.03M	-12.80	-120.57%	―	―	-89.71%
KC	51 Neutral	C$41.98M	-25.77	-4.17%	―	―	56.31%

Generation Mining Corporate Events

Generation Mining Raises $34.5 Million in Upsized Bought-Deal to Advance Marathon Project

Generation Mining has closed an upsized bought-deal public offering of 47,920,500 units at $0.72 per unit, raising gross proceeds of about $34.5 million, including full exercise of the over-allotment option by its underwriting syndicate led by Stifel Canada with BMO Capital Markets and Haywood Securities. Each unit consists of one common share and half a warrant exercisable at $1.00 until January 15, 2028, with net proceeds earmarked to advance development of the Marathon copper-palladium project, as well as for working capital and general corporate purposes; insider participation in the financing was treated as a related-party transaction but fell within valuation and minority-approval exemptions, highlighting both continued insider support and a strengthened balance sheet to fund key project milestones.

The most recent analyst rating on (TSE:GENM) stock is a Hold with a C$0.70 price target. To see the full list of analyst forecasts on Generation Mining stock, see the TSE:GENM Stock Forecast page.

Generation Mining Upsizes Bought‑Deal Financing to C$30 Million for Marathon Project

Generation Mining has upsized its previously announced bought‑deal private placement to C$30.0 million, with Stifel Canada acting as sole bookrunner for a syndicate of underwriters. The offering now comprises 41.67 million units at C$0.72 per unit, each unit including one common share and one‑half warrant exercisable at C$1.00 for 24 months, with an additional 15% over‑allotment option and closing expected around January 15, 2026, subject to regulatory approvals. Net proceeds will be directed toward advancing exploration and development at the company’s flagship Marathon copper‑palladium project, as well as working capital and general corporate purposes, bolstering the project’s funding profile and supporting Generation Mining’s longer‑term growth plans in the critical metals sector.

The most recent analyst rating on (TSE:GENM) stock is a Hold with a C$0.85 price target. To see the full list of analyst forecasts on Generation Mining stock, see the TSE:GENM Stock Forecast page.

Generation Mining Launches $20 Million Bought Deal to Advance Marathon Project

Generation Mining has launched a $20 million bought deal public offering, selling 27.78 million units at $0.72 each, with each unit comprising one common share and half a warrant exercisable at $1.00 for 24 months. The financing, led by Stifel Nicolaus Canada with a syndicate of underwriters and including a 15% over-allotment option, is intended to fund exploration and development work at the Marathon copper-palladium project as well as general corporate purposes, reinforcing the company’s ability to advance a key Canadian critical metals asset subject to regulatory approvals and market conditions.

The most recent analyst rating on (TSE:GENM) stock is a Hold with a C$0.85 price target. To see the full list of analyst forecasts on Generation Mining stock, see the TSE:GENM Stock Forecast page.

Generation Mining Expands Land Holdings in Marathon District

Generation Mining has expanded its land holdings in the Marathon District, Ontario, by acquiring 451 new mining claims, increasing its total land package by 36% to 36,398 hectares. This strategic expansion enhances the company’s exploration potential and positions it to discover new targets near the Marathon Deposit, which is crucial as global demand for critical metals rises.