Genesis Minerals (GMD) 2025 Conference Transcript

Summary of Genesis Minerals Conference Call Company Overview - Company: Genesis Minerals - Industry: Mining (Gold) - Market Capitalization: Over AUD 4 billion [7] - Cash and Equivalents: AUD 287 million at the end of the financial year [7] Key Developments - Production Growth: Genesis has transitioned from one mine and one underutilized mill to two full processing facilities and 1.2 million tons of stockpiled ore within two years [5] - Quarterly Cash Flow: Achieved approximately AUD 100 million per quarter throughout FY 2025 [6] - Reserves and Resources: Holds 4.2 million ounces in reserves and 18.7 million ounces in resources [9] - Acquisition: Completed a AUD 250 million cash acquisition of the Laverton Gold Project from Focus Minerals [7] Strategic Focus - Growth Strategy: Genesis aims to grow production to 400,000 ounces per year, leveraging its long ore position to optimize milling expansion [6] - Board Expansion: Recently appointed two experienced mining executives to bolster the management team [7] - Community Engagement: Emphasizes strong relationships with traditional owners and local communities, providing business and employment opportunities [11] Operational Highlights - Production Metrics: Achieved record production of 214,000 ounces at an all-in sustaining cost of AUD 2,398 per ounce [10] - Stockpile Increase: Increased stockpile by 600% from FY 2024 to 66,000 ounces, with an average grade of 1.6 grams per tonne [11] - Mining Projects: Successfully restarted the Laborden mill and commenced production at Ulysses Underground and Hub Open Pit Mines [11] Future Plans - Ten-Year Plan: A base case ten-year plan anticipates production growth to over 300,000 ounces per annum, with a focus on reducing costs as Tower Hill comes online [12] - Technical Work: Ongoing studies for mill expansion and assessment of newly acquired assets [12] - Tower Hill Project: Expected to provide significant operational savings and is on track for first ore in FY 2028 [18] Financial Strategy - Capital Allocation: Plans to allocate one-third of capital to growth, one-third to balance sheet, and one-third to shareholder returns [24] - Free Cash Flow Generation: Strong production delivery in a favorable gold price environment has led to significant free cash flow [24] Conclusion - Long-Term Vision: Genesis is committed to sustainable and profitable growth, with a clear plan to achieve its production goals while maintaining a strong balance sheet [25]