Asia
Genesis Minerals Reports AU$439.4 Million March Quarter Revenue, Unaudited NPAT Up to AU$155 Million
Genesis Minerals (ASX:GMD) said it produced 67,497 ounces of gold in the March quarter at an all-in sustaining cost (AISC) of AU$2,685 per ounce, generating revenue of AU$439.4 million from sales of 65,049 ounces at an average price of AU$6,755 per ounce, according to a Thursday Australian bourse filing.The company said unaudited net profit after tax for the quarter was between AU$145 million and AU$155 million, with cash and equivalents rising to AU$599.9 million at March 31 from AU$403.6 million at December 31.Genesis Minerals said production for the nine months to March 31 totaled 214,636 ounces at an AISC of AU$2,614 per ounce, tracking toward the midpoint of its fiscal 2026 production outlook of 260,000 to 290,000 ounces at an AISC of AU$2,500 to AU$2,700 per ounce.The company said its updated long-term plan, including multi-year production and cost assumptions and fiscal 2027 guidance, is set for release in the September quarter of 2026.Genesis maintained its fiscal year 2026 growth capital and exploration outlook at AU$260 million to AU$290 million.The company added that there has been no interruption to its diesel fuel supply to date, with its Leonora and Laverton mills powered by Western Australian gas.
ASX:GMD
