Genesis Minerals Limited ( (AU:GMD) ) has shared an update.
Genesis Minerals Limited has announced a 12% increase in its total reserves, reaching 3.7 million ounces, which supports its ‘ASPIRE 400’ accelerated production strategy. This growth includes a maiden reserve of 370,000 ounces at the Westralia open pit, enhancing the company’s flexibility and processing options. The company is also reporting strong drilling results across multiple sites, indicating potential for further resource expansion and increased production rates, which could positively impact its market positioning and stakeholder interests.
More about Genesis Minerals Limited
Genesis Minerals Limited operates in the mining industry, focusing on gold production. The company is involved in the exploration, development, and production of gold resources, with key operations near Laverton and Leonora in Western Australia.
YTD Price Performance: 44.53%
Average Trading Volume: 4,111,799
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$4.03B
See more data about GMD stock on TipRanks’ Stock Analysis page.