The Greatland Resources Ltd (ASX: GGP) share price is in focus today after the miner reported record gold production for FY26, with 328,986 ounces produced—exceeding guidance by 6%—and a cash position of $1,289 million at period end.
Image source: Getty Images
What did Greatland Resources report?
- Quarterly production: 79,099 ounces gold (Au), 3,573 tonnes copper (Cu)
- Full-year FY26 production: 328,986oz Au (up 6% on top-end guidance), 14,594t Cu
- Full-year sales: 326,859oz Au, 14,729t Cu
- Cash at 30 June 2026: $1,289 million and zero debt
- $81 million net cash build over the quarter, after capex and $87 million tax paid
- Gold price exposure maintained with downside protection via put options
What else do investors need to know?
The June 2026 quarter saw Greatland Resources generate solid cash flow, ending the period with a strengthened balance sheet and no debt. An additional $20 million in sales was completed late in the quarter, with cash to be received post-period. All-In-Sustaining-Cost (AISC) details are yet to be finalised and will be announced in the company's full June quarterly report later in July, alongside a management webcast. Greatland also highlighted its full exposure to higher gold prices while retaining some price protection through put options.
What's next for Greatland Resources?
Investors can expect the detailed June 2026 Quarterly Activities Report later this month, which will include finalised cost data and further operational detail. Management maintains a positive approach with ongoing development of the flagship Havieron gold-copper project and a robust exploration pipeline in the Paterson Province. With a cashed-up balance sheet and substantial recent production outperformance, Greatland is well positioned to pursue further growth and exploration throughout FY27.
Greatland Resources share price snapshot
Over the past 12 months, Greatland Resources shares have risen 75%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.
