Latest Genesis Minerals News

Genesis Minerals lifted cash and equivalents to A$598 million in the September quarter while maintaining FY27 production and cost guidance. The proposed Vault merger now carries a clear timetable, but its headline A$2 billion synergy potential remains subject to approvals and execution.

Vault Minerals generated $95.7 million in underlying free cash flow during the September quarter, while completing its King of the Hills Stage 2 upgrade ahead of schedule and maintaining FY27 production guidance. Operational performance was mixed, with weather, lower grades and underground constraints weighing on output at several sites.

Vault Minerals has completed dispatch of the scheme booklet for its proposed merger with Genesis Minerals, moving the transaction into its decisive shareholder-vote phase. An independent expert has backed the deal as being in shareholders’ best interests, subject to no superior offer emerging.

Regis Resources ended the first quarter with $1.28 billion in cash and bullion after producing 83.0koz of gold, despite significant rainfall in September. FY27 production guidance remains unchanged, but the quality of quarterly cash generation will face closer scrutiny when full results arrive.

Vault Minerals has cleared another procedural hurdle in its proposed Genesis Minerals merger, with ASIC registering the scheme booklet ahead of the 11 November shareholder vote. Independent expert BDO says the deal is fair, reasonable and in shareholders’ best interests, provided no superior offer emerges.

Vault Minerals shareholders will vote on the proposed Genesis Minerals takeover after the Supreme Court of Western Australia approved the scheme meeting. The transaction is targeted for implementation on 26 November, but still requires shareholder approval, a second court hearing and other conditions to be satisfied.

Vault Minerals has secured a key regulatory waiver from the ACCC for its merger with Genesis Minerals, removing a major obstacle and keeping the deal on track for shareholder approval later this year.

Industrial Minerals Ltd (ASX: IND) has pinpointed a compelling gold target at its North Pool prospect within the Laverton Gold Project, confirming a strong geophysical anomaly aligned with historic high-grade drill results along the Chatterbox Shear Zone.

Regis Resources (ASX:RRL) delivered a landmark FY26 with a 181% surge in net profit to $715 million, underpinned by strong gold production and record prices. The company declared a fully franked 35 cents per share dividend, including a special 5 cents payout from the terminated Vault Minerals merger break fee.

Ordell Minerals has launched a major 14,000m drilling campaign at its Barimaia Gold Project in WA, aiming for a maiden Mineral Resource Estimate by the end of 2026 as recent results confirm expanding gold mineralisation.

Brightstar Resources has greenlit full-scale construction of its Goldfields Project with all key approvals in place, targeting first gold in mid-2027 while boosting its Sandstone resource base to 2.9 million ounces.

Verity Resources’ first-pass aircore drilling at the Monument Gold Project has confirmed gold mineralisation across a 9km banded iron formation corridor, expanding the footprint beyond its existing 137,700oz Korong–Waihi Mineral Resource.