Greatland Resources has delivered a strong end to 2025, lifting both gold and copper output while sharply bolstering its already formidable cash position.
The miner reported preliminary production of 86,273 ounces of gold and 3,528 tonnes of copper in the December 2025 quarter, up from 80,890 ounces of gold and 3,366 tonnes of copper in the previous quarter. That brings total output for the first half of FY2026 to 167,163 ounces of gold and 6,894 tonnes of copper, underscoring solid operational momentum.
Sales volumes were slightly lower than production, with 72,212 ounces of gold and 3,301 tonnes of copper sold during the quarter. All-in sustaining costs are still being finalised and will be disclosed in the company’s December 2025 Quarterly Activities Report.
Financially, the quarter marked a step change. Greatland Resources Ltd closed December with $948 million in cash, up from $750 million at the end of September, and reiterated that it carries no debt. The $198 million increase in cash came despite ongoing capital expenditure and a one-off $46 million stamp duty payment linked to the Telfer–Havieron acquisition. Excluding that payment, the underlying cash build would have been an even more striking $244 million.
On pricing, Greatland said it retains full upside exposure to the gold price, while maintaining some downside protection through gold put options—an approach that leaves it well positioned in a volatile commodities market.
The company is scheduled to publish its full December 2025 Quarterly Activities Report on Wednesday, January 28, 2026. Management will also host a webcast later that day, followed by a Q&A session, giving investors a chance to dig deeper into the numbers and outlook.
To listen in live, please click on this link and register your details:
https://webcast.openbriefing.com/ggp-qtr2-2026/
