2340 GMT - Genesis Minerals' share price hits a record high after the gold miner's 1Q update deepens confidence in its FY outlook. Genesis reported 1Q gold output of 72,878 oz, some 4% higher than forecast by Ord Minnett. Gold sales were some 7% higher than the bank expected, while all-in sustaining costs of A$2,529/oz were 7% lower. "Relative to our estimates, better production was driven by slightly better grades," analyst Paul Kaner says. Ord Minnett had an accumulate call and A$6.50/share price target on Genesis ahead of the update. Genesis is up 4.9% at A$6.82 in early trading today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
October 15, 2025 19:40 ET (23:40 GMT)
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