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Genesis Minerals Sets Sights on 500,000 Ounces with Magnetic Acquisition
8:34am on Monday 23rd of February, 2026 AEDT
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Genesis Minerals Sets Sights on 500,000 Ounces with Magnetic Acquisition
8:34am on Monday 23rd of February, 2026 AEDT
Key Points
Recommended acquisition of Magnetic Resources for A$639 million
Pro forma gold resources increase to 21.0 million ounces, reserves to 5.2 million ounces
Growth strategy uplifted to ASPIRE 500: 500,000 ounces annual production aspiration
Synergies unlocked by consolidating adjacent Leonora/Laverton assets
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GENESIS MINERALS (ASX:GMD)
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