External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

Ord Minnett is a leading Australian wealth management group, incorporating full-service stockbroking, financial planning and funds management. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>1Q25 result was broadly in line with our expectations for production (~36koz) with cash (A$160m) ahead on deferred transaction costs (vs. OMLe).</li><li>GMD’s growth program (+50% by FY28) continues apace with the restart of the Laverton mill (OMLe: 9koz DecQ) and development of the Hub OP (3.4 g/t reserve).</li><li>We believe investors will continue to favour the name as sentiment towards longer term gold prices improve and growth is rewarded. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

1Q25 result was broadly in line with our expectations for production (~36koz) with cash (A$160m) ahead on deferred transaction costs (vs. OMLe).GMD’s growth program (+50% by FY28) continues apace with the restart of the Laverton mill (OMLe: 9koz DecQ) and development of the Hub OP (3.4 g/t reserve).We believe investors will continue to favour the name as sentiment towards longer term gold prices improve and growth is rewarded. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Genesis Minerals Limited - Good Day to Be a Gold Stock