Genesis Minerals Ltd Quarterly Activities Report - September 2026
Key points
- Cash and equivalents increased to A$598m, up A$78m from June quarter
- Quarterly gold production of 72,107oz at an AISC of A$2,966/oz
- Proposed merger with Vault has potential to deliver ~A$2b in synergies
Full summary
Genesis Minerals Ltd delivered a solid start to FY27 with quarterly production of 72,107oz at an AISC of A$2,966/oz. Cash and equivalents rose by A$78m to A$598m. Gold sales of 71,594oz at an average price of A$5,902/oz generated revenue of A$422.5m. The company also announced a proposed merger with Vault, which has the potential to deliver ~A$2b in synergies and create a Top 20 global gold company. Genesis intends to release a new strategic plan in the June quarter 2027.
Guidance
FY27 production 270 - 300,000oz; AISC A$2,750 - 3,050/oz; Growth capital A$380 - 420m
Outlook
Genesis Minerals Ltd's 'stand-alone' FY27 outlook remains unchanged. The company also plans to release a new strategic plan in the June quarter 2027 post completion of the proposed merger with Vault.
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