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