Genesis Minerals Limited (AU:GMD) has released an update.
Genesis Minerals Limited reported a productive March quarter, producing 30,473 ounces of gold at a cost of A$2,497/oz, aligning with their FY24 guidance. The company is advancing its growth strategy by ramping up the Admiral open pit and developing the Ulysses underground project, aiming for a 325,000oz per annum production rate. With a strong cash position of A$180.7 million, no debt, and no hedging, Genesis is well-equipped to continue its development projects and invest in sustainable growth.
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