Greatland Resources Ltd (AIM: GGP, OTC: GRLGF, ASX: GGP) has reported full-year gold production of 328,986 ounces, beating the top end of its FY26 guidance range following a strong June quarter performance.
The Western Australian gold and copper producer delivered 79,099 ounces of gold in the June quarter, helping full-year output come in 6% above the top end of its previous 260,000 to 310,000-ounce guidance range.
Copper production for the June quarter totalled 3,573 tonnes, taking full-year copper output to 14,594 tonnes.
The performance follows Greatland’s recent 62% increase in Group Ore Reserves to 5.0 million ounces of gold, a key milestone in the company’s strategy to build a long-life gold-copper operation around the Telfer mine and Havieron development in Western Australia’s Paterson Province.
Strong Sales and Cash Build
Greatland recorded June quarter sales of 74,648 ounces of gold and 3,531 tonnes of copper. Full-year sales totalled 326,859 ounces of gold and 14,729 tonnes of copper.
The company ended June with cash of $1.289 billion and no debt, up from $1.208 billion at the end of March. This represented an $81 million cash build during the quarter.
The increase was achieved after capital expenditure and an $87 million quarterly tax instalment payment for FY26. Greatland also completed $20 million of sales in late June, with the cash received after the quarter end.
Cost Update to Follow
Greatland said its all-in sustaining cost figures are still being finalised and will be reported in its full June 2026 Quarterly Activities Report.
The company noted that it retains full upside exposure to the gold price, while partial downside protection is provided through gold put options.
Greatland has also secured a US$500 million corporate debt facility and approved the final investment decision for Havieron, providing funding capacity to advance one of Australia’s major gold-copper development projects.
About Greatland Resources
Greatland Resources is a gold and copper mining company listed on the ASX and London Stock Exchange’s AIM Market, with operations focused in Western Australia.
Its portfolio includes the 100%-owned Telfer mine, the adjacent 100%-owned Havieron gold-copper development project and a significant regional exploration package. The company says the combination of Telfer and Havieron provides the foundation for a substantial, long-life gold-copper operation in the Paterson Province of Western Australia’s East Pilbara.
