The Genesis Minerals Ltd (ASX: GMD) share price is in focus after the company posted a record 72,878 ounces of gold production and underlying cash build of A$166 million for the September 2025 quarter, with production running ahead of full-year guidance.
What did Genesis Minerals report?
- Record gold production of 72,878oz for the quarter
- All-in sustaining cost (AISC) of A$2,529/oz
- Gold sales of 75,136oz at an average price of A$5,147/oz, generating revenue of A$386.7 million
- Underlying cash and equivalents grew to A$363.4 million, up from A$286.9 million at 30 June
- Bank debt of A$100 million
- Unaudited quarterly NPAT between A$105–115 million
What else do investors need to know?
Genesis produced a record amount of gold this quarter, comfortably on track to reach its FY26 production guidance of 260,000 to 290,000 ounces. Operational costs remain within expectations, and the company boosted its exploration budget to A$40–50 million, already uncovering several strong drilling results.
Open pit mining commenced at Jupiter, providing reliable mill feed, while significant steps were made towards the long-term "ASPIRE 400" strategy. Advances at the Tower Hill project included key approvals and a mining agreement with traditional landowners.
What did Genesis Minerals management say?
Commenting on the result, Managing Director Raleigh Finlayson said:
We are capitalising on the opportunity presented by the strong gold price, with production running ahead of annual guidance and costs at the bottom end of the range. This has resulted in a robust underlying cash build of $166m in three months.
The result provides a valuable insight into the cash generating capacity of the Company as we implement our ASPIRE 400 strategy.
The key pillars of this plan are being put in place, with open pit mining underway at Jupiter, providing reliable baseload feed to the adjacent Laverton mill and studies well advanced on the mill expansion scenarios at both Leonora and Laverton. We now have the in-ground inventory to underpin our growth plan, giving us valuable options as we establish the scenarios which will deliver the optimum production and financial outcomes.
The combination of our current strong operational performance, outstanding cashflow generation and enviable outlook puts Genesis in a desirable position as we lay the foundations for the next chapter of growth.
What's next for Genesis Minerals?
Genesis is progressing its ASPIRE 400 growth plan, aiming to increase gold output by expanding processing capacity at Leonora and Laverton. The Tower Hill deposit is on track for mine development in FY27 and first ore in FY28, supported by recent regulatory approvals and community agreements.
The company expects its exploration spend to continue yielding results, with multiple ore sources being developed. FY26 guidance remains unchanged, with continuing focus on cost control, stakeholder engagement, and staged plant expansion studies due for release by June half 2026.
Genesis Minerals share price snapshot
Genesis Minerals shares have soared 212% over the past year, far outpacing the S&P/ASX 200 Index (ASX: XJO) which has risen around 9% over the same period.
