Genesis Minerals Limited (AU:GMD) has released an update.
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Genesis Minerals Limited has successfully met its FY24 production and cost guidance, producing 134,451oz of gold while preparing to boost production to 325,000oz per annum ahead of schedule, with a significant cost reduction. With a strong financial position, including $173 million in cash and bullion and no bank debt, the company is poised to accelerate its organic growth strategy, leveraging its large inventory to capitalize on the current favorable gold market.
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