Genesis Minerals (ASX:GMD) turns profitable in FY24 as revenue jumps 470%.

Tue 24 Sep 24, 05:51 AM | Team Kalkine

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Highlights

Genesis Minerals Limited (ASX:GMD) is an ASX-listed gold exploration and mine development company, focused on exploration of its tenement packages at Laverton and Leonora. Additionally, the company conducts pre-development activities at the Ulysses Gold Project.

In the financial year 2024 (FY24), the company witnessed a 470% YoY rise in its revenue to AUD 438.6 million, driven by 355% YoY increase in gold sales, reaching 134,451 ounces, compared to 22,378 ounces in FY23.

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