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An update from Genesis Minerals Limited ( (AU:GMD) ) is now available.
Genesis Minerals Limited, a company in the mining industry, has announced the acquisition of the Laverton Gold Project from Focus Minerals Limited for A$250 million. This strategic move is expected to enhance Genesis Minerals’ position in the gold market. The sale is seen as a strategic decision by Focus Minerals to capitalize on the current gold price environment, providing immediate shareholder value and strengthening its financial position to focus on other projects like the Bonnie Vale Underground Mine and Coolgardie Gold Project.
The most recent analyst rating on (AU:GMD) stock is a Buy with a A$4.60 price target. To see the full list of analyst forecasts on Genesis Minerals Limited stock, see the AU:GMD Stock Forecast page.
More about Genesis Minerals Limited
Average Trading Volume: 5,364,091
Technical Sentiment Signal: Buy
Current Market Cap: A$4.9B
Learn more about GMD stock on TipRanks’ Stock Analysis page.
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