Genesis-vault Merger Could Result in Asset Sales

Dow Jones
07/15

0131 GMT - Genesis Minerals' planned merger with Vault Minerals could shake loose assets that the new management doesn't consider vital to the business going forward. The combined company will have a market value of 12.6 billion Australian dollars, making it the third-largest gold producer on the ASX. It will produce some 600,000-700,000 ounces of gold annually. Jarden notes 600,000 oz per year will come from the combined Leonora and Laverton hubs. "We consider it likely that the other assets (Deflector, Sugar Zone, and the combined Bardoc/Mt Monger complex) are non-core and therefore may be potential candidates for divestment," says analyst Ben Lyons.(david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

July 14, 2026 21:31 ET (01:31 GMT)

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