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Genesis Minerals Limited ( (AU:GMD) ) just unveiled an announcement.
GR Engineering Services has signed an engineering, procurement and construction contract with Genesis Minerals’ subsidiary for the Tower Hill Gold Project near Leonora. The deal, valued at $229 million, follows GR Engineering’s earlier appointment as preferred contractor in February 2026 and covers delivery of a 3.5–4.0Mtpa gold processing operation.
The award reinforces GR Engineering’s position as a key contractor in Australia’s gold sector and secures a substantial new revenue stream linked to Genesis Minerals’ Tower Hill development plans. Management highlighted the company’s track record in safely delivering mineral projects, signalling confidence in executing the large-scale gold project to support Genesis’s production growth ambitions.
The most recent analyst rating on (AU:GMD) stock is a Buy with a A$8.50 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 firm that specialises in providing engineering, procurement and construction services to the minerals sector. Listed on the ASX, the company focuses on designing and delivering processing facilities and related infrastructure for mining projects, with a strong presence in Western Australia’s resources industry.
Average Trading Volume: 5,222,942
Technical Sentiment Signal: Buy
Current Market Cap: A$6.63B
For an in-depth examination of GMD stock, go to TipRanks’ Overview page.