Presentation - Growth AND Cash Flow

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Stock Genesis Minerals Ltd (GMD.ASX)
Release Time 6 May 2026, 8:16 a.m.
Price Sensitive Yes
 Genesis Minerals Ltd reports strong growth and cash flow
Key Points
  • Pro forma Resources of 21.3Moz and Reserves of 5.4Moz
  • Multiple baseload +1Moz Reserve deposits
  • Two operating mills with total capacity of 4.4Mtpa
  • 'ASPIRE 500' accelerated growth strategy to expand milling capacity to 8-9Mtpa
Full Summary

Genesis Minerals Ltd has reported a strong outlook, with pro forma Resources of 21.3Moz and Reserves of 5.4Moz, including the recent A$639m acquisition of Magnetic Resources. The company has multiple baseload +1Moz Reserve deposits, including Gwalia, Tower Hill, and Lady Julie, with two operating mills at Leonora (1.4Mtpa) and Laverton (3.0Mtpa), totaling 4.4Mtpa of capacity. Genesis is tracking to the mid-point of its FY26 production outlook of 260-290koz at an AISC of A$2,500-A$2,700/oz. The company is pursuing an 'ASPIRE 500' accelerated growth strategy, which aims to bring ounces forward and potentially expand the group's milling capacity to 8-9Mtpa. In the September quarter of 2026, Genesis plans to provide updated long-term production and cost assumptions, as well as FY27 guidance. The company also has significant exploration upside on key regional structures in the prolific Leonora/Laverton district of Western Australia.

Guidance

Genesis is tracking to the mid-point of its FY26 production outlook of 260-290koz at an AISC of A$2,500-A$2,700/oz.

Outlook

Genesis is pursuing an 'ASPIRE 500' accelerated growth strategy, which aims to bring ounces forward and potentially expand the group's milling capacity to 8-9Mtpa. The company plans to provide updated long-term production and cost assumptions, as well as FY27 guidance, in the September quarter of 2026.