Genesis Minerals Limited (AU:GMD) has released an update.
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Genesis Minerals Limited has reported a significant increase in its market capitalization to $2.6 billion, driven by successful acquisitions and enhanced gold production at its Leonora operations. The company has restarted its Laverton mill ahead of schedule, boosting its production forecast for FY2025 to between 190,000 and 210,000 ounces of gold and setting the stage for further growth. With strategic transactions and a focus on sustainability, Genesis aims to become a mid-tier gold producer with a production target of 400,000 ounces per annum.
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