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Genesis Minerals shows strong growth potential in gold production sector

Genesis Minerals is making significant strides in gold production, with the Laverton mill's operations resuming six months ahead of schedule. The company aims to produce 400,000 ounces under its 'Aspire for 100' plan, currently on track for 200,000 ounces at $2,200 per ounce, while targeting a cost reduction to $1,600 over the next decade. With reserves of approximately 3.3 million ounces, Genesis is recognized as a strong performer among second-tier gold producers, bolstered by robust operational management and strategic planning.

ubs predicts gold price to reach 2900 dollars by end of 2025

UBS analysts predict gold prices could reach $2,900 per ounce by the end of 2025, citing strong support despite recent profit-taking and a new Treasury Secretary viewed as a fiscal hawk. They anticipate continued volatility influenced by inflation, interest rates, and geopolitical tensions, while noting that investor allocations in precious metals remain low, indicating potential for growth in both gold and mining stocks.
13:30 29.11.2024
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