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Genesis Minerals Q2 Earnings Call Highlights
['Danessa Lincoln']
Markets Daily
Nixon reported 365,000 tonnes processed at Leonora at 4.0 grams per tonne and 92.8% recovery for just over 43,000 ounces recovered.
Nixon said 38% of Laverton feed was third-party ore at 79.2% recovery, while Genesis ore recovery remained consistent at 91.2%.
In Q&A, Nixon said different ore types from third-party partners, including refractory elements, did not impact Genesis ore recovery during the quarter.
Cash, bullion, and investments increased by AUD 41 million to AUD 404 million.
About Genesis Minerals (ASX:GMD)Genesis Minerals Limited engages in the exploration and development of gold deposits in Western Australia.