tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Genesis Resources Advances Plavica Approval as Australian Drilling Disappoints

Story Highlights
  • Genesis Resources is progressing environmental studies at its Plavica gold-copper-silver project, the final step toward securing mining approval in North Macedonia.
  • The company consolidated 100% ownership of Plavica’s holding vehicle while disappointing Alice Springs drilling highlights Plavica’s importance to its growth plans.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Genesis Resources Advances Plavica Approval as Australian Drilling Disappoints

Claim 50% Off TipRanks Premium

An announcement from Genesis Resources Limited ( (AU:GES) ) is now available.

Genesis Resources’ December 2025 quarterly report shows continued progress at its Plavica gold-copper-silver project in North Macedonia, where field work is focused on gathering data to complete required environmental studies, the final component needed to secure mining approval from the government. During the quarter the company also confirmed it now owns 100% of project vehicle Silgen, having acquired its former joint venture partner Sileks’ stake in 2024 in exchange for a 4% royalty over any future production, while ongoing baseline environmental monitoring and tree planting activities were carried out in collaboration with local institutions; in contrast, recent follow-up drilling over its Alice Springs tenement in Australia delivered disappointing copper results, underscoring Plavica’s central importance to Genesis’ development pipeline.

The most recent analyst rating on (AU:GES) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Genesis Resources Limited stock, see the AU:GES Stock Forecast page.

More about Genesis Resources Limited

Genesis Resources Limited is a mineral exploration and development company with a focus on gold, copper and silver projects. Its flagship asset is the Plavica high-sulphidation epithermal gold-copper-silver project in the Republic of North Macedonia, held via wholly owned subsidiary Silgen Resources International, alongside earlier-stage exploration tenements in Australia including the Alice Springs and Arltunga areas in the Northern Territory.

Average Trading Volume: 21

Technical Sentiment Signal: Sell

Current Market Cap: A$4.7M

See more data about GES stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1