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Genmin Ltd. ( (AU:GEN) ) just unveiled an announcement.
Genmin Limited has made significant strides in its corporate and operational strategies over the past year, including leadership changes, improved ESG ratings, and successful capital raises to support its Baniaka iron ore project in Gabon. The company has also signed important agreements, such as the Baniaka Mining Convention and a collaboration with PowerChina, to ensure a stable environment for project progression. With Gabon’s return to a democratically elected government, Genmin is well-positioned to advance its project financing and construction efforts, aiming for first production by the end of 2026. The company remains optimistic about the robust iron ore market, particularly for its Baniaka Green® products.
The most recent analyst rating on (AU:GEN) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Genmin Ltd. stock, see the AU:GEN Stock Forecast page.
More about Genmin Ltd.
Genmin Limited is an emerging African iron ore producer focused on transitioning from exploration and development to mining operations. The company is primarily engaged in the development of the Baniaka iron ore project in Gabon, with a market focus on delivering ‘greener’ iron ore products.
Average Trading Volume: 805,866
Technical Sentiment Signal: Sell
Current Market Cap: A$27.51M
For detailed information about GEN stock, go to TipRanks’ Stock Analysis page.