07:58 AM EDT, 07/26/2024 (MT Newswires) -- Generation Mining ( GENMF ) said Friday that it engaged a construction-focused engineering firm to optimize the design of the Marathon palladium-copper project in Ontario, with the aim of reducing initial and operating costs.

Work will include optimizing design, supply and construction strategies to help improve the overall cost and construction efficiency of designs. The company is also evaluating alternative pit sequencing options to further exploit the benefit of the ore body's proximity to surface.

Optimizing the mine plan would produce higher cash flows in the early years of production by maximizing plant feed grades and reducing the initial stripping requirements until later in the mine life, the company said.

"The goal of this work is ultimately to improve upon the initial capital requirements and cash flows from operations in the early years following start-up, without impacting the fundamentals of the design," President and CEO Jamie Levy said.