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Genesis Minerals Limited ( (AU:GMD) ) just unveiled an announcement.
Genesis Minerals Limited has announced a substantial increase in its exploration budget to A$40-50 million for FY26, reflecting confidence in its Leonora and Laverton assets. The company reports strong drilling results from various projects, including the Jupiter open pit mine, Beasley Creek project, Gwalia underground mine, and Admiral open pit mine, highlighting the potential for significant inventory growth and future mining opportunities. These developments are expected to support plant expansion studies and enhance Genesis’ market positioning by providing a robust ore supply to its Laverton mill.
The most recent analyst rating on (AU:GMD) stock is a Buy with a A$5.50 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
Genesis Minerals Limited is a company operating in the mining industry, focusing primarily on exploration and development of mineral resources. The company is engaged in organic growth through its assets in the Laverton and Leonora regions, with a significant emphasis on gold exploration and production.
Average Trading Volume: 4,613,705
Technical Sentiment Signal: Buy
Current Market Cap: A$5.1B
Find detailed analytics on GMD stock on TipRanks’ Stock Analysis page.