Australia's Vault Minerals eyes best week in three on Genesis bid

Genesis Minerals

10/07/2026 05:27

** Shares of Vault Minerals VAU.AX rise 6.7% this week, on track for the best weekly gain since the week ended June 19, if gains hold
** On Monday, the gold miner secured an A$5.6 billion ($3.90 billion) takeover bid from Genesis Minerals GMD.AX, which topped an existing offer from Regis Resources RRL.AX 
** Offer was at a 15.7% premium to VAU's last close on Friday
** Shares up 3.3% in current session
** Stock down 10.7% YTD
     
     
($1 = 1.4372 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)
((Jasmeenaraislam.Shaikh@thomsonreuters.com;))