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Genesis Minerals Accelerates Toward 500koz Annual Gold Production with Magnetic Deal and Tower Hill Mill
8:42am on Wednesday 6th of May, 2026 AEST
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Mining
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Genesis Minerals Accelerates Toward 500koz Annual Gold Production with Magnetic Deal and Tower Hill Mill
8:42am on Wednesday 6th of May, 2026 AEST
Key Points
Pro forma resource base expands to 21.3Moz with 5.4Moz reserves
Magnetic Resources acquisition valued at A$639 million expected June 2026
Tower Hill mill construction underway with A$250-280m capital cost
Record underlying cash generation of A$253m in Q1 2026 and strong liquidity
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