• Quarterly gold production of 67,497oz at an AISC of A$2,685/oz
• Outstanding cash generation, with cash and equivalents of A$599.9m
• Growth strategy uplifted to 'ASPIRE 500' with acquisition of Magnetic Resources

Genesis Minerals Ltd (ASX: GMD) reported a successful March 2026 quarter, with quarterly gold production of 67,497oz at an all-in sustaining cost (AISC) of A$2,685/oz. Rising production from Genesis' mines and tight cost control resulted in outstanding free cash flow, despite ongoing investment in sector-leading growth. All third-party ore purchases were completed during the quarter. Underlying cash generation stood at A$906m from January 2025 to March 2026, including a record A$253m in the March 2026 quarter alone. The company also announced the A$639m 'bolt-on' acquisition of Magnetic Resources, which uplifts the growth strategy by 25% to 'ASPIRE 500'. This includes bolstering ongoing studies into expanding the milling capacity at Laverton to 4.5-5.0Mtpa, with the potential for the group milling capacity to reach 8-9Mtpa. An update of the long-term plan is set for the September 2026 quarter, including details on the new Tower Hill mill, the introduction of the Focus assets into the Laverton mill, and options to expand Laverton milling capacity.

FY26 production outlook of 260,000 - 290,000oz at an AISC of A$2,500 - 2,700/oz. FY26 growth capital and exploration outlook maintained at A$260 - 290m.

Genesis is laying the foundations for the next chapter of growth, including the start of site works at the Tower Hill project. An updated long-term plan is set for release in the September 2026 quarter, including multi-year production and cost assumptions and FY27 guidance.