Australia's Genesis Minerals rises to over five-month high on stronger annual results

Genesis Minerals

20/08/2026 06:46

** Shares of Australia's Genesis Minerals GMD.AX jump as much as 12.3% to A$8.150, hitting an over five-month high and posting their strongest intraday gain in almost seven weeks
** The gold miner posts FY26 underlying net profit after tax up 147% from pcp to A$546.9 million ($389.01 million)
** Sees FY27 gold output at 270,000 ounces to 300,000 ounces, broadly in line with FY26 production of 285,402 ounces
** Company declares its inaugural fully franked FY26 dividend of 5 Australian cents per share
** Genesis stock up 11.38%, YTD 
     
($1 = 1.4059 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))