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How Genesis’ A$639M Magnetic Resources Deal Could Reshape Laverton Gold Mining
8:22am on Monday 16th of February, 2026 AEDT
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Mining
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How Genesis’ A$639M Magnetic Resources Deal Could Reshape Laverton Gold Mining
8:22am on Monday 16th of February, 2026 AEDT
Key Points
Recommended acquisition of Magnetic Resources for A$639 million
Consideration mix of approximately 70% cash and 30% Genesis shares
Adds 2.2 million ounces resource at Lady Julie near Laverton mill
Pro forma Genesis resource base grows to 21 million ounces, reserves to 5.2 million ounces
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