GR Engineering Named Preferred EPC Contractor for $225m Tower Hill Gold Project

An announcement from Genesis Minerals Limited ( (AU:GMD) ) is now available.

GR Engineering Services has been appointed preferred contractor by Genesis Minerals for the engineering, procurement and construction of a ~4 Mtpa gold processing facility at the Tower Hill Gold Project near Leonora in Western Australia. The EPC contract, with an estimated value of $225 million and around $20 million of critical-path long lead items to be ordered imminently, is expected to be finalised by March 2026, reinforcing GR Engineering’s position as a leading gold-sector EPC provider and supporting Genesis’s growth strategy through the development of this key project.

The most recent analyst rating on (AU:GMD) stock is a Buy with a A$10.20 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

GR Engineering Services Limited is an Australian engineering company specialising in the design, procurement, construction, installation and commissioning of mineral processing facilities, with a strong track record in the gold sector in Western Australia. Listed on the ASX under the ticker GNG, the company focuses on EPC delivery for resources projects, serving mining clients with large-scale processing infrastructure solutions.

Average Trading Volume: 4,437,030

Technical Sentiment Signal: Buy

Current Market Cap: A$7.95B

For detailed information about GMD stock, go to TipRanks’ Stock Analysis page.