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The latest announcement is out from Genesis Minerals Limited ( (AU:GMD) ).
Genesis Minerals Limited reported a robust financial performance for the six months ending December 31, 2024, highlighted by a 161% increase in net profit after tax to A$59.8 million. The company’s sales revenue surged by 57% to A$338.7 million, driven by substantial gold sales. Genesis’ ‘ASPIRE 400’ growth strategy is set to accelerate production growth and reduce costs, with a focus on organic growth opportunities. The company remains debt-free, with significant cash reserves and a secured, undrawn corporate revolver finance facility, underscoring its strong financial position and flexibility to fund its ambitious growth plans.
More about Genesis Minerals Limited
Genesis Minerals Limited is a company operating primarily in the gold mining industry. It focuses on gold production and exploration, with an emphasis on organic growth to capitalize on strong gold prices and maximize financial returns.
YTD Price Performance: 29.15%
Average Trading Volume: 2,945,700
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$3.6B
See more data about GMD stock on TipRanks’ Stock Analysis page.
