June 2026 Quarterly Activities Report
| Stock | GGP.ASX (GGP.ASX) |
|---|---|
| Release Time | 29 Jul 2026, 8:28 a.m. |
| Price Sensitive | Yes |
Greatland Delivers Strong June Quarter and Beats FY26 Guidance
- June quarter production of 79,100oz Au at an AISC of $2,312/oz Au
- FY26 production of 328,987oz Au at an AISC of $2,179/oz Au
- Closing cash balance of $1,289 million, debt free
Greatland Resources Limited reported its June 2026 quarterly activities, highlighting strong operational performance and financial results. The company produced 79,100 ounces of gold and 3,573 tonnes of copper at an All-In Sustaining Cost (AISC) of $2,312 per ounce of gold, achieving a 86.8% recovery rate. Full-year FY26 production was 328,987 ounces of gold and 14,594 tonnes of copper at an AISC of $2,179 per ounce of gold, surpassing the guidance of 260-310,000 ounces of gold at an AISC of $2,400-2,800 per ounce of gold. Net revenue for the quarter was $545 million, with a cash flow from operations of $302 million, resulting in a closing cash balance of $1,289 million, debt-free. The company also announced a significant reserve upgrade at Telfer, increasing the Ore Reserve Estimate by 1.1 million ounces to 1.8 million ounces.
FY27 Gold production guidance: 260,000 - 300,000 ounces; AISC: $2,900 - 3,330/oz
Greatland is targeting significant production growth over several years by delivering increasing ore feed from high-grade underground sources, including Havieron and potentially West Dome Underground.