3 July 2026 | Western Australia - Genesis Minerals has reported a strong business update, with June quarter gold production of 70,767 ounces and continued progress across its Western Australian growth strategy.
The company said its June quarter production supported FY26 gold production in line with guidance, while the business also delivered an underlying cash build of approximately A$258 million.
Genesis has also completed its acquisition of Magnetic Resources, a transaction valued at approximately A$639 million, adding further scale to the company’s Laverton gold portfolio.
The acquisition brings the Lady Julie Gold Project into the Genesis portfolio and supports the company’s broader regional consolidation strategy around Laverton and Leonora.