Generation Mining (TSX:GENM) Cash And Cash Equivalents : C$12.93 Mil (As of Mar. 2024)

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What is Generation Mining Cash And Cash Equivalents?

Generation Mining's quarterly cash and cash equivalents increased from Sep. 2023 (C$6.20 Mil) to Dec. 2023 (C$16.46 Mil) but then stayed the same from Dec. 2023 (C$16.46 Mil) to Mar. 2024 (C$12.93 Mil).

Generation Mining's annual cash and cash equivalents increased from Dec. 2021 (C$5.40 Mil) to Dec. 2022 (C$18.77 Mil) but then declined from Dec. 2022 (C$18.77 Mil) to Dec. 2023 (C$16.46 Mil).

Generation Mining Cash And Cash Equivalents Historical Data

The historical data trend for Generation Mining's Cash And Cash Equivalents can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Generation Mining Cash And Cash Equivalents Chart

Generation Mining Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash And Cash Equivalents

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1.22

11.66

5.40

18.77

16.46

Generation Mining Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash And Cash Equivalents	Get a 7-Day Free Trial															13.25	9.07	6.20	16.46	12.93

Generation Mining Cash And Cash Equivalents Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Generation Mining (TSX:GENM) Cash And Cash Equivalents Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.

Generation Mining Cash And Cash Equivalents Related Terms

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Generation Mining (TSX:GENM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Generation Mining Ltd (TSX:GENM) » Definitions » Cash And Cash Equivalents

Comparable Companies

Traded in Other Exchanges

GENMF:USA 9GN:Germany

Address

100 King Street West, Suite 7010, Toronto, ON, CAN, M5X 1B1

Website

https://www.genmining.com

Gen Mining's focus is the development of its 100%-owned Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon property covers a land package of approximately 22,000 hectares, or 220 square kilometres. The mine would produce an estimated 245,000 palladium equivalent ounces per year over 13-year mine life.

Executives

Jamie Levy

Director