The Greatland Resources Ltd (ASX: GGP) share price is in focus today after the company reported quarterly production of 70,131 ounces of gold at an all-in sustaining cost (AISC) of $2,925 per ounce, and quarterly net revenue of $485 million.
Image source: Getty Images
What did Greatland Resources report?
- Gold production of 70,131 ounces and copper production of 2,927 tonnes for the September 2026 quarter
- All-in sustaining cost (AISC) of $2,925 per ounce of gold
- Net revenue of $485 million; sales of 71,901 ounces gold at an average realised price of $5,980/oz
- Cash flow from operations of $289 million, leading to a closing cash balance of $1,314 million
- Zero lost time injuries, with strong safety statistics maintained
- On track for FY27 full year gold production guidance of 260,000–300,000 ounces
What else do investors need to know?
Greatland Resources has kicked off development at its Havieron gold-copper project, following receipt of all secondary approvals. The company invested $45.2 million in Havieron development capital expenditure during the quarter.
The Telfer operation also saw ongoing investment, with $37.2 million allocated to tailings storage, open pit pre-stripping, fleet renewal, and underground development. The geology team completed a total of 73km in drilling, underpinning resource growth and future production.
What's next for Greatland Resources?
Looking to the rest of FY27, management expects production to be slightly weighted to the second half of the year due to mine scheduling. The company is guiding for full-year gold output between 260,000 and 300,000 ounces at an AISC of $2,900–$3,330/oz.
Key projects such as the Havieron development and Telfer's expansion remain a priority, with increased investment in resource growth drilling and infrastructure set to drive future production and potentially improve mine life and cost efficiency.
Greatland Resources Limited share price snapshot
Over the past 12 months, Greatland Resources shares have risen 31%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has declined 3% over the same period.
