---
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"
date: 2026-07-29
canonical: "https://www.share-talk.com/greatland-beats-fy26-guidance-as-cash-balance-surges-to-a1-29-billion/"
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"]
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"
---

# Greatland Beats FY26 Guidance as Cash Balance Surges to A$1.29 Billion

**Published:** July 29, 2026
**Author:** sharetalk
**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)

---

[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.

The 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**.

For 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**.

### Cash generation boosts financial strength

Greatland 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.

Operating 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.

The 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.

Managing 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.

### Telfer reserve expansion extends mine life

During the quarter, Greatland increased the **Telfer ore reserve** by **1.1 million ounces**, or **150%**, taking contained gold reserves to **1.8 million ounces**.

Group ore reserves now stand at **5 million ounces of gold** and **196,000 tonnes of copper**, including the unchanged Havieron reserve.

Operationally, 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**.

### Exploration highlights new growth potential

Exploration continued to deliver encouraging results, with drilling at the **Pinnacles** prospect confirming a significant extension to the **West Dome** mineralised system.

The standout intercept returned **58.7 metres at 6.5g/t gold and 0.1% copper**, including **37 metres grading 9.98g/t gold**.

The discovery remains open in multiple directions, with further drilling planned to define the extent of the mineralisation.

### Havieron moves towards construction

Greatland approved the **final investment decision** for the **Havieron** project after securing key state and federal environmental approvals.

Construction 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.

The 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.

### FY27 to focus on investment-led growth

Greatland 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.

The 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.

---

**Original URL:** https://www.share-talk.com/greatland-beats-fy26-guidance-as-cash-balance-surges-to-a1-29-billion/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*