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FTSE 100 Mining & Metals Greatland Gold

Greatland Resources beats FY26 gold guidance

The AIM and ASX-listed gold producer delivered full-year gold production 6% above the top end of its guidance range, while cash on hand grew to $1.29 billion with no debt.

by tickstock newsroom
The image shows three large yellow dump trucks lined up on a gravel surface, set against a clear blue sky and distant mountains. The trucks are designed for heavy-duty transport, often seen in mining or heavy construction operations. — Credit: Photo by Boom & Bucket on Unsplash c Photo by Boom & Bucket on Unsplash

Greatland Resources (AIM:GGP) posted full-year gold production of 328,986 ounces for FY26, surpassing the upper end of its 260,000 to 310,000 ounce guidance range by 6%.

The June quarter contributed 79,099 ounces of gold and 3,573 tonnes of copper, bringing full-year copper output to 14,594 tonnes.

Full-year gold sales reached 326,859 ounces alongside 14,729 tonnes of copper.

Cash at 30 June stood at $1,289 million, up from $1,208 million at the end of March, a build of $81 million over the quarter after capital expenditure and an $87 million tax instalment payment related to FY26.

The company carries no debt, and a further $20 million in sales completed in late June will be received after quarter end.

All-in sustaining costs (AISC) for the period are yet to be finalised and will be reported alongside the full June 2026 Quarterly Activities Report, due later in July, with a webcast to follow on the same day.

Greatland said it retains full upside exposure to the gold price, with partial downside protection through gold put options.

by tickstock newsroom

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