{"id":138923,"title":"Greatland Beats FY26 Guidance as Cash Balance Surges to A$1.29 Billion","publisher":"Share Talk","author":"sharetalk","published":"2026-07-29T06:21:14+00:00","modified":"2026-07-29T06:21:14+00:00","canonical_url":"https://www.share-talk.com/greatland-beats-fy26-guidance-as-cash-balance-surges-to-a1-29-billion/","markdown_url":"https://www.share-talk.com/greatland-beats-fy26-guidance-as-cash-balance-surges-to-a1-29-billion.md","json_url":"https://www.share-talk.com/greatland-beats-fy26-guidance-as-cash-balance-surges-to-a1-29-billion.json","category":"Mining","categories":["Mining"],"tags":["Artemis Resources","ASX listing","Australia","Australian markets","AVR","Bromus","Cobalt","COPPER","electromagnetic","Ernest","ERNESTGILES","Exploration","Firetower","GGP","Gold","gold mining","Greatland Gold","GUN","Gunsynd","Havieron","investment opportunities","Mining","Newcrest","Nickel","Panorama","Paterson","Pilbara","precious metals","Scallywag","Share Talk","Shaun Day","Telfer","URANIUM","Warrentinna"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/01/GGP-20TH-JAN.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Greatland Resources Ltd (AIM: GGP, ASX: GGP)](https://www.investegate.co.uk/announcement/rns/greatland-gold--ggp/june-2026-quarterly-activities-report-/9692219) delivered a strong finish to its 2026 financial year, exceeding production and cost guidance while significantly strengthening its balance sheet ahead of major investment at the **Telfer-Havieron** gold-copper complex.\n\nThe company produced **79,100 ounces of gold** and **3,573 tonnes of copper** during the June quarter at an all-in sustaining cost (AISC) of **A$2,312 per ounce**.\n\nFor the full year, gold production reached **328,987 ounces** alongside **14,594 tonnes of copper**, comfortably exceeding guidance of **260,000 to 310,000 ounces**. Full-year AISC came in at **A$2,179 per ounce**, beating the guided range of **A$2,400 to A$2,800 per ounce**.\n\n### Cash generation boosts financial strength\n\nGreatland generated **A$545 million** in quarterly revenue after selling **74,648 ounces of gold** and **3,531 tonnes of copper** at weighted average realised prices of **A$6,468 per ounce** and **A$16,107 per tonne** respectively.\n\nOperating cash flow totalled **A$302 million**, enabling the company to increase its cash balance by **A$81 million** despite tax payments and increased investment across Telfer and Havieron.\n\nThe company ended June with **A$1.289 billion** in cash, no drawn debt and total available liquidity of **A$1.764 billion**, including **A$475 million** of undrawn revolving credit facilities.\n\nManaging Director **Shaun Day** said the combination of strong operational performance and elevated metal prices had created a solid platform to fund Greatland’s long-term growth strategy.\n\n### Telfer reserve expansion extends mine life\n\nDuring the quarter, Greatland increased the **Telfer ore reserve** by **1.1 million ounces**, or **150%**, taking contained gold reserves to **1.8 million ounces**.\n\nGroup ore reserves now stand at **5 million ounces of gold** and **196,000 tonnes of copper**, including the unchanged Havieron reserve.\n\nOperationally, Telfer achieved a sixth consecutive quarterly record for total open-pit material movement, mining **7.01 million tonnes** during the period, while underground development also reached a record **1,945 metres**.\n\n### Exploration highlights new growth potential\n\nExploration continued to deliver encouraging results, with drilling at the **Pinnacles** prospect confirming a significant extension to the **West Dome** mineralised system.\n\nThe standout intercept returned **58.7 metres at 6.5g/t gold and 0.1% copper**, including **37 metres grading 9.98g/t gold**.\n\nThe discovery remains open in multiple directions, with further drilling planned to define the extent of the mineralisation.\n\n### Havieron moves towards construction\n\nGreatland approved the **final investment decision** for the **Havieron** project after securing key state and federal environmental approvals.\n\nConstruction is expected to begin once the remaining secondary approvals are received, with **first gold targeted during FY29**, approximately two and a half years after construction commences.\n\nThe company expects Havieron to require **A$1.065 billion** of pre-production capital, followed by **A$673 million** of expansion capital, much of which is expected to be funded from project cash flow.\n\n### FY27 to focus on investment-led growth\n\nGreatland has guided FY27 gold production of **260,000 to 300,000 ounces** at an AISC of **A$2,900 to A$3,330 per ounce**, reflecting lower planned mining grades as higher-grade stockpiles are depleted.\n\nThe company plans to invest between **A$315 million and A$335 million** in Telfer growth projects, **A$365 million to A$435 million** in Havieron development and a further **A$70 million to A$80 million** on exploration, including approximately **215 kilometres of drilling** across its asset portfolio."}