Genesis Minerals Reports Strong FY24 Growth

Genesis Minerals Limited (AU:GMD) has released an update.

Genesis Minerals Limited has reported robust financial results for FY24, with an EBITDA of A$112.9 million and an underlying NPAT of A$27.8 million, signaling the effectiveness of its growth strategy following the acquisition of Leonora gold assets. The company proudly stands debt-free with A$173 million in cash and bullion, and is on track to increase gold production to 325,000oz per annum within five years, anticipating a significant drop in all-in sustaining costs to A$1,600 per ounce.

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