Genesis Minerals Limited (AU:GMD) has released an update.
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Genesis Minerals Limited has advanced the restart of its Laverton mill to October 2024, six months ahead of schedule, which is expected to significantly increase the company’s FY25 gold production forecast to 190 – 210,000 ounces while also reducing all-in sustaining costs. This acceleration is part of a broader strategy to increase annual production to 325,000 ounces earlier than the 2029 target, with an aspirational goal of 400,000 ounces per year. The company is set to invest more in growth capital during FY25, with a focus on projects that will position it strongly for the following financial year.
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