Australia's Genesis Minerals dips on bleak FY25 outlook

Genesis Minerals

02/09/2024 04:23

** Shares of miner Genesis Minerals  GMD.AX  slip as much as
6.6% to A$2.12, their biggest intra-day pct loss since June 11
    ** Co says FY25 all-in sustaining cost (AISC) outlook falls
to A$2,200 - A$2,400 per ounce of gold, from A$2,250 - A$2,450
per ounce  
    ** Co expects cash on hand to temporarily decline over
December half in fiscal 2025 
    ** Stock up 26.8% this year, as of last close

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))