Genesis Minerals Acquires Laverton Gold Project to Boost Growth

Focus Minerals Ltd ( (AU:FML) ) has shared an announcement.

Genesis Minerals Limited has announced its acquisition of the Laverton Gold Project from Focus Minerals Limited for A$250 million, aiming to enhance its production and cash flow. This strategic acquisition is expected to unlock significant synergies by integrating the Laverton assets with Genesis’ existing operations, including the recently restarted Laverton mill. The acquisition aligns with Genesis’ ‘ASPIRE 400’ growth strategy and is funded through existing cash and an upsized corporate revolver facility. The company plans to focus on resource growth, optimization studies, and exploration to maximize the potential of the Laverton Gold Project.

More about Focus Minerals Ltd

Focus Minerals Ltd is a company operating in the mining industry, primarily focused on gold exploration and production. The company is involved in developing mineral resources and reserves, with a market focus on expanding its gold production capabilities.

YTD Price Performance: 35.29%

Average Trading Volume: 170,342

Technical Sentiment Signal: Buy

Current Market Cap: A$65.91M

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