An update from Genmin Ltd. ( (AU:GEN) ) is now available.
Genmin Limited announced the successful and peaceful completion of Gabon’s presidential election, where Brice Clotaire Oligui Nguema was elected with over 90% of the vote. This election marks a significant step in Gabon’s political stabilization, following a new constitution that enhances governance and judicial independence. Genmin’s CEO expressed optimism about continuing to work with the new administration, which could positively impact the company’s operations and strategic projects in Gabon.
More about Genmin Ltd.
Genmin Limited (ASX: GEN) is an emerging African iron ore producer with a pipeline of projects in the Republic of Gabon, West Central Africa. The company holds 100% interests in three projects, including the flagship Baniaka and Bakoumba iron ore projects, which are strategically located near existing transport and renewable energy infrastructure. Genmin aims to develop Baniaka into Gabon’s first commercial iron ore mine, with plans to commence production by late 2026.
YTD Price Performance: -10.26%
Average Trading Volume: 559,345
Technical Sentiment Signal: Hold
Current Market Cap: A$31.06M
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