Presentation - Growth AND Cash Flow
| 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
- 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
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.
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.
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.