Jul 6, 2026 – 10.07amGenesis Minerals plans to create the ASX’s third-largest gold miner after pitching a $12.6 billion proposal to merge with rival Vault Minerals, throwing a spanner into Vault’s proposed $10.7 billion tie-up with Regis Resources.The Raleigh Finlayson-run Genesis has long been rumoured to have eyes on Vault, as a combination of the two would create the dominant player in one of Western Australia’s most valuable gold mining regions.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Genesis targets $12.6b gold major after lobbing Vault counteroffer
Raleigh Finlayson wants to create the ASX’s third-biggest gold miner, tabling a deal that would consolidate the WA goldfields around Leonora and Laverton.
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