Genesis Minerals Expands Resource Base with Strategic Acquisition

Genesis Minerals Limited ( (AU:GMD) ) has issued an update.

Genesis Minerals Limited announced a strategic acquisition of a 4 million ounce resource base near its existing Laverton mill. This acquisition is expected to enhance the company’s operational capabilities and strengthen its position in the gold mining sector, potentially providing significant benefits to its stakeholders.

The most recent analyst rating on (AU:GMD) stock is a Hold with a A$4.40 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, primarily focused on mineral exploration and development. The company is engaged in the acquisition and development of mineral resources, with a particular focus on gold mining operations.

Average Trading Volume: 5,536,837

Technical Sentiment Signal: Buy

Current Market Cap: A$5.15B

For detailed information about GMD stock, go to TipRanks’ Stock Analysis page.