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Genesis Minerals Limited ( (AU:GMD) ) just unveiled an announcement.
Genesis Minerals Limited reported a record quarterly gold production of 59,767 ounces, with a significant increase in cash holdings to A$348 million. The company is advancing its ‘ASPIRE 400’ growth strategy, driven by a 12% increase in ore reserves to 3.7 million ounces, aiming to accelerate production and reduce costs. The successful ramp-up of the Laverton mill and ongoing exploration projects position Genesis for strong future growth, supported by a robust financial performance and strategic planning.
More about Genesis Minerals Limited
Genesis Minerals Limited operates in the gold mining industry, focusing on the exploration and production of gold. The company is involved in various projects, including the Laverton mill and Ulysses underground mine, with a market focus on increasing production capacity and optimizing resources.
YTD Price Performance: 64.37%
Average Trading Volume: 4,515,698
Technical Sentiment Signal: Sell
Current Market Cap: A$4.59B
Learn more about GMD stock on TipRanks’ Stock Analysis page.