Genesis Minerals announced a cash‑and‑stock offer for Vault Minerals valued at $5.6 billion, topping an earlier deal with Regis Resources. The bid carries a 14.5% premium over the existing merger agreement, and Vault’s board has declared the proposal superior. The offer delivers 0.7629 Genesis shares for each Vault share plus $0.475 cash, removing financing or due‑diligence conditions.

After the announcement, Genesis shares jumped to $6.29 per share, reflecting market enthusiasm. The deal mirrors the terms of the prior arrangement and forces Regis Resources to act within a five‑business‑day matching right period that ends on July 10. The transaction is off‑market and binding.

The takeover expands Genesis’s gold production profile, consolidates regional assets, and accelerates its pipeline projects. For investors, the premium and swift consolidation reshape the competitive landscape for Australian gold miners.