Genesis Minerals Delivers 'Clean' Production Beat in June Quarter, Euroz Hartleys Says

MT Newswires Live

07/03

Genesis Minerals' (ASX:GMD) June quarter production results are a "clean" production beat, with actual quarterly production up 9% in comparison with estimates, and should be taken positively, Euroz Hartleys said in a note on Friday.

Genesis reported gold production of 70,767 ounces for the June quarter, bringing fiscal 2026 production to 285,400 ounces. The company said both production and all-in sustaining costs are within its fiscal year guidance range of 260,000 to 290,000 ounces at AU$2,500 to AU$2,700 per ounce.

Operationally, Tower Hill continues to move quickly with dewatering complete, open pit mining commenced, key fleet ordered, and long lead mill items secured.

The investment firm retained its buy rating and price target of AU$7.51 on Genesis Minerals.

Genesis Minerals' shares surged 14% in recent Friday trade.

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