UPDATE: A staggering surge in Genesis Minerals Ltd (ASX: GMD) shares has transformed a $10,000 investment made a year ago into a remarkable $26,365.92 today! This news comes as gold prices remain robust, with recent valuations hitting US$3,985 per ounce, fueling excitement among investors.
On October 17, 2025, Genesis Minerals closed at $5.88, up 3.7%. The company, now the fourth largest gold share on the Australian market by market capitalisation, has seen its stock price skyrocket due to the ongoing gold boom. Over the past year, gold has risen an astonishing 51%, making it an irresistible asset for investors and even everyday consumers lining up to buy gold bars.
Gold’s price surge is primarily driven by increased central bank purchases, which aim to diversify their reserves with this safe-haven asset. Just last month, gold reached a record high above US$4,300 per ounce, before stabilizing around its current price. Analysts from Goldman Sachs predict the price could climb to US$4,900 per ounce by the end of 2026, while French bank Societe Generale SA is projecting an ambitious US$5,000 per ounce by the end of next year.
Genesis Minerals has reported impressive production figures in its latest quarterly update. The company sold 75,136 ounces of gold at an average price of $5,147 per ounce, achieving a remarkable all-in sustaining cost of $2,529 per ounce. This growth has propelled investor confidence, with Genesis shares reaching a new record of $7.17 shortly after the quarterly report.
So, what does this mean for investors? If you had invested $10,000 in Genesis Minerals exactly one year ago, your investment would have purchased 4,484 shares at a closing price of $2.23 per share. Today, the capital gain stands at an incredible $16,366.60, representing an impressive total return of 163% over just twelve months.
While Genesis Minerals does not currently pay dividends, the capital appreciation speaks volumes, turning a modest investment into a significant financial windfall for savvy investors.
As gold prices continue to fluctuate and predictions remain optimistic, potential investors are left questioning whether now is the right time to jump into this booming market. However, experts from Motley Fool caution that Genesis Minerals may not be the best buy right now, highlighting five other stocks that could offer even better opportunities.
Stay tuned for more updates as the gold market evolves and Genesis Minerals continues to navigate this lucrative landscape. With gold consistently drawing interest from both seasoned investors and new entrants, the momentum shows no signs of slowing down.
The financial world is watching closely—will you take the plunge into gold?
