GGP Price sensitive 27 Aug 2026, 8:38 AM

Successful First Full Financial Year of Telfer Ownership

Greatland Resources Ltd

Greatland Resources Ltd Reports Successful First Full Financial Year of Telfer Ownership

Key points

  • Net profit after tax of $862 million for FY26
  • Revenue of $2,259 million from gold and copper sales
  • Cash build of $714 million and free cash flow of $737 million
  • Completed Havieron Feasibility Study and received necessary environmental approvals
  • Significant upgrades to Telfer Mineral Resources and Ore Reserves

Full summary

Greatland Resources Ltd (ASX:GGP) reported its financial results for the full year ended 30 June 2026, marking the first full year of Telfer operations under its ownership. The company achieved a net profit after tax of $862 million, EBITDA of $1,332 million, and revenue of $2,259 million from gold and copper sales. The company also saw significant cash flow growth with a cash build of $714 million and free cash flow of $737 million. Greatland completed the Havieron Feasibility Study, received necessary environmental approvals, and saw substantial upgrades to Telfer's Mineral Resources and Ore Reserves. The company is well-positioned for future growth with a strong balance sheet and ongoing investment in organic growth opportunities.

Guidance

FY27 gold production guidance: 260 - 300koz, AISC: $2,900 - $3,330/oz

Outlook

Greatland is poised for continued growth with planned investments in Havieron and Telfer, including the West Dome Underground project, aiming to enhance production and extend the life of its gold-copper operations.

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