Jul 14, 2026 – 2.30pmGenesis Minerals executive chairman Raleigh Finlayson will defer or cancel hundreds of millions of dollars of infrastructure spending on completion of a $12.6 billion merger with Vault Minerals, under a strategy designed to help the company thrive under lower gold prices.The merger of the two gold miners was effectively confirmed on Monday when rival bidder Regis Resources said it would not challenge Genesis’ offer to give Vault shareholders $5.6 billion worth of shares and cash in exchange for control.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles