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    Vault and Genesis agree to merge and create $8.71 billion Australian gold producer

    Picture of Genesis Minerals logoGenesis Minerals
    14/07/2026 24:00
    Vault and Genesis agree to merge and create $8.71 billion Australian gold producer
    July 14 (Reuters) - Genesis Minerals GMD.AX has agreed to acquire its smaller peer Vault Minerals VAU.AX in a deal that would create an Australian gold producer with a market capitalisation of around A$12.6 billion ($8.71 billion), the companies said in a joint statement on Tuesday.
    The bid, announced last week, values Vault at about A$5.6 billion.

    ($1 = 1.4459 Australian dollars)

     (Reporting by Nikita Maria Jino in Bengaluru; Editing by Tasim Zahid)
     ((Nikita.Jino@thomsonreuters.com;))

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