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How Will Genesis’ $639M Magnetic Buy Boost Laverton’s Gold Output?
8:24am on Monday 16th of February, 2026 AEDT
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How Will Genesis’ $639M Magnetic Buy Boost Laverton’s Gold Output?
8:24am on Monday 16th of February, 2026 AEDT
Key Points
Genesis proposes to acquire 100% of Magnetic Resources via scheme of arrangement
Adds ~2.2Moz gold resource at Lady Julie Gold Project near Laverton mill
Scheme consideration – A$1.40 cash plus 0.0873 Genesis shares per Magnetic share
Premium of 25-35% to Magnetic’s recent trading prices
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