Highlights

  • FY25 gold production reached 214,311 ounces, a 59% increase over the prior year.
  • Revised FY26 growth capital expenditure is now AUD 220–240 million, up from AUD 150–170 million.
  • Tower Hill development is ahead of schedule with first ore expected in FY28.

Genesis Minerals Limited (ASX:GMD), a gold mining and exploration company operating in Western Australia’s Leonora district, announced significant operational and financial updates for the full year ended 30 June 2025 (FY25) and the second quarter of fiscal year 2026 (2QFY26). The company reported record gold production and earnings, updated its growth capital forecast, and provided progress on its key development projects, including the Tower Hill operation.

Record Production and Financial Results for FY25

Genesis Minerals reported record gold production of 214,311 ounces in FY25, a 59% increase from 134,451 ounces produced in FY24. This growth contributed to a 110% year-on-year increase in sales revenue, reaching AUD 920.1 million, compared with AUD 438.6 million the previous year.

Net profit after tax (NPAT) rose by 127% year-on-year to AUD 221.2 million, up from AUD 97.5 million in FY24. The company maintained steady operational efficiency, with an all-in sustaining cost (AISC) of approximately AUD 2,398 per ounce, supported by high realised gold prices averaging AUD 4,417 per ounce. Strategic acquisitions, including the Laverton assets, added four million ounces of reserves, supporting the company’s growth trajectory.

Financial Results for 2QFY26

For the quarter, gold production totalled 74,261 ounces, contributing to a six-month total of 147,139 ounces at an AISC of AUD 2,635 per ounce. Gold sales for the quarter reached 71,346 ounces, generating revenue of AUD 432.2 million at an average price of AUD 6,057 per ounce. The company’s underlying cash position increased by AUD 216.5 million to AUD 403.6 million, while maintaining zero bank debt.

Progress on Growth Projects and Revised Capital Outlook

The Tower Hill development remains ahead of schedule, with key rail agreements, mining approvals, and site establishment progressing smoothly. First ore production from Tower Hill is expected in FY28. Concurrently, studies on the expanded Leonora mill and FY26 growth capital are accelerating development and staged processing expansion.

The growth capital outlook has been revised upwards to between AUD 220 million and AUD 240 million, compared to the previous guidance of AUD 150–170 million.

Operational Highlights

In the second quarter of FY26, Genesis Minerals reported record gold sales, tight cost management, and improved liquidity. These factors enabled repayment of corporate debt, funding for ongoing growth projects, and continued exploration aimed at extending mine life.

Share Performance of GMD

GMD shares closed at AUD 7.10, up 1.87% on the day. Over the past year, the stock has surged 124.68%. It has gained 23.69% over the last three months and increased by 83.46% over six months. However, the stock is down 2.07% year-to-date and has declined 6.46% over both the week-to-date. The 52-week high for Genesis Minerals is AUD 8.42, recorded on 29 January 2026, while the 52-week low is AUD 2.98, reached on 11 March 2025.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 03 February 2026. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.