Genesis Minerals Ltd. June 2026 Quarterly Report
Key points
- Record FY26 gold production of 285,402oz at an AISC of A$2,670/oz
- Completed acquisition of Magnetic Resources
- Agreed to merge with Vault, targeting November 2026 completion
- Tower Hill open pit project fast-tracked with mining underway
- FY27 'stand-alone' guidance: 270,000 - 300,000oz at AISC A$2,750 - 3,050/oz
Full summary
Genesis Minerals Ltd. delivered a strong June quarter 2026, closing an outstanding financial year with record production of 285,402oz at an AISC of A$2,670/oz, comfortably within FY26 guidance. The company also completed the acquisition of Magnetic Resources, delivering the high-grade 2.2Moz Lady Julie deposit and an expanded presence on Laverton's Chatterbox Trend. Post quarter end, Genesis and Vault agreed to merge via a Vault Scheme of Arrangement, targeting completion in November 2026. The merger is expected to unlock ~A$2.0b in post-tax, undiscounted synergies and create a Top 20 global gold company. Tower Hill open pit project is fast-tracked with pit dewatering complete and open pit mining underway, final GMS fleet ordered ahead of schedule, and construction of the new Leonora Rail Terminal has commenced. FY27 'stand-alone' guidance: Production 270,000 - 300,000oz; AISC A$2,750 - 3,050/oz.
Guidance
FY27 'stand-alone' guidance: Production 270,000 - 300,000oz; AISC A$2,750 - 3,050/oz
Outlook
Post quarter end, Genesis and Vault agreed to merge, targeting completion in November 2026. The merger is expected to unlock ~A$2.0b in post-tax, undiscounted synergies and create a Top 20 global gold company.
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