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How Genesis’ $250M Laverton Buy Could Reshape Its Gold Future
8:35am on Tuesday 10th of June, 2025 AEST
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Mining
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How Genesis’ $250M Laverton Buy Could Reshape Its Gold Future
8:35am on Tuesday 10th of June, 2025 AEST
Key Points
Acquisition adds ~4Moz gold resources near Genesis’ Laverton mill
Deal fully funded with $250 million cash from existing reserves and facilities
Pro-forma resource base rises to 18.7Moz and reserves to 4.2Moz
Enterprise value per resource ounce at $63, well below recent transaction averages
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Genesis Minerals (ASX:GMD)
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