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The latest announcement is out from Genesis Minerals Limited ( (AU:GMD) ).
Genesis Minerals Limited reported a substantial increase in its financial performance for FY25, with EBITDA rising by 256% to A$454.1 million and net profit after tax increasing by 127% to A$221.2 million. The company achieved a 59% increase in gold production, surpassing its guidance, and completed the acquisition of the Laverton Gold project, which is expected to enhance its production capacity and reduce costs. Genesis is advancing its ‘ASPIRE 400’ growth strategy, supported by a strong balance sheet and significant cash flow, aiming to accelerate production and protect margins.
The most recent analyst rating on (AU:GMD) stock is a Buy with a A$5.80 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 in the mining industry, primarily focused on gold production and exploration. The company has a significant market focus on expanding its gold reserves and production capabilities, particularly in the Laverton region.
Average Trading Volume: 4,538,777
Technical Sentiment Signal: Buy
Current Market Cap: A$4.87B
Learn more about GMD stock on TipRanks’ Stock Analysis page.