18 days ago
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, ASX:GGP) has delivered a net profit after tax of A$862 million in its first full financial year owning the Telfer gold-copper operation, supported by strong production, higher metal prices and substantial cash generation.
Revenue for the year to June 30, 2026, reached A$2.26 billion, up 136%, while EBITDA increased 186% to A$1.33 billion. Free cash flow jumped 413% to A$737 million, helping lift closing cash to $1.29 billion.
The company sold 326,859 ounces of gold at an average realised price of A$6,223 an ounce and 14,730 tonnes of copper at an average A$14,895 a tonne.
Telfer produced 328,987 ounces of gold and 14,594 tonnes of copper during the year at an all-in sustaining cost of A$2,179 per ounce.
Gold production rose 66% compared with the previous period, while gold sales increased 81%. The comparison reflects only around seven months of Telfer ownership in the prior year following Greatland's acquisition in December 2024.
Greatland processed 19.2 million tonnes during the year at an average grade of 0.58 g/t gold and 0.1% copper, achieving gold recovery of 88%.
#year #telfer #cash #greatland
Revenue for the year to June 30, 2026, reached A$2.26 billion, up 136%, while EBITDA increased 186% to A$1.33 billion. Free cash flow jumped 413% to A$737 million, helping lift closing cash to $1.29 billion.
The company sold 326,859 ounces of gold at an average realised price of A$6,223 an ounce and 14,730 tonnes of copper at an average A$14,895 a tonne.
Telfer produced 328,987 ounces of gold and 14,594 tonnes of copper during the year at an all-in sustaining cost of A$2,179 per ounce.
Gold production rose 66% compared with the previous period, while gold sales increased 81%. The comparison reflects only around seven months of Telfer ownership in the prior year following Greatland's acquisition in December 2024.
Greatland processed 19.2 million tonnes during the year at an average grade of 0.58 g/t gold and 0.1% copper, achieving gold recovery of 88%.
#year #telfer #cash #greatland
2 months ago
Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) has strengthened its executive leadership team with the appointment of experienced mining engineer Nick Strong as chief operating officer, as the company advances its integrated Telfer-Havieron mining hub in Western Australia.
Strong will join Greatland on October 5, 2026, taking responsibility for Telfer and Havieron operations, including oversight of the brownfield Havieron underground mining development.
Strong brings more than 25 years of operational and leadership experience across the mining industry, with a background spanning gold, base metals and other commodities.
His career includes senior roles with Northern Star Resources, Rio Tinto and Newcrest Mining, with experience managing large-scale underground and open pit mining operations, including at KCGM and Cadia.
Most recently, Strong served as general manager – Hemi & KCGM Growth at Northern Star Resources, where he directed approvals and operational growth workstreams after previously leading KCGM operations.
Strong will join Greatland on October 5, 2026, taking responsibility for Telfer and Havieron operations, including oversight of the brownfield Havieron underground mining development.
Strong brings more than 25 years of operational and leadership experience across the mining industry, with a background spanning gold, base metals and other commodities.
His career includes senior roles with Northern Star Resources, Rio Tinto and Newcrest Mining, with experience managing large-scale underground and open pit mining operations, including at KCGM and Cadia.
Most recently, Strong served as general manager – Hemi & KCGM Growth at Northern Star Resources, where he directed approvals and operational growth workstreams after previously leading KCGM operations.
