** Gold explorer Genesis Minerals GMD.AX jumps 3.47% to A$2.98, highest since February 2011
** Co reports December quarter gold production of 57.1koz, 16% above Citi's estimates, driven by higher grades at its underground site in South Africa and successful first-quarter production from restarted Laverton mill in Australia
** Citi says co's December-quarter cash and equivalent rose by A$60 mln ($37.5 mln) q/q to A$238 mln ($148.6 mln)
** Maintains "buy" at PT of A$3.20
** Stock rated "buy" on avg; median PT is A$3.30 – LSEG
** GMD gained 38% last year
($1 = A$1.6013)
(Reporting by Kumar Tanishk in Bengaluru)
((Tanishk.Kumar@thomsonreuters.com;))