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The latest update is out from Genesis Minerals Limited ( (AU:GMD) ).
Genesis Minerals Limited reported a record-breaking December quarter with a gold production of 57,055oz and robust cash generation, increasing cash and equivalents to A$237.5 million. The Laverton mill’s early restart accelerated their ASPIRE 400 growth strategy, enhancing production outlook and enabling the company to remain debt-free while fully funding growth initiatives. This operational success is supported by high gold prices and has positioned Genesis to potentially exceed its 325,000ozpa production goal ahead of the FY29 schedule, strengthening its financial position in the industry.
More about Genesis Minerals Limited
Genesis Minerals Limited operates in the mining industry, focusing primarily on gold production. The company is involved in exploration, development, and mining, with a market focus on increasing production capacity and sustaining low-cost operations.
YTD Price Performance: 11.74%
Average Trading Volume: 4,273,743
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$3.12B
See more insights into GMD stock on TipRanks’ Stock Analysis page.
