Greatland Resources (LSE:GGP) said it currently expects full-year production to be around, or slightly above, the upper end of its 260,000-310,000 ounce guidance range after the March quarter delivered a record quarterly cash build of $260 million.
The gold‑copper miner produced 82,723oz Au and 4,128t Cu in the quarter at an AISC of $2,056/oz, sold 97,800oz and 4,620t at weighted average realised prices of $6,773/oz Au and $15,803/t Cu, generated $453 million of cash flow from operations and closed the quarter with $1,208 million in cash and no drawn debt.
Greatland reported a material resource upgrade at Telfer with the Telfer MRE rising 150% to 419Mt at 0.59g/t Au and 0.09% Cu for 8.0Moz Au and 370kt Cu, taking group MRE to 550Mt for 14.9Moz Au and 645kt Cu, and said the Telfer discovery cost was $5/oz.
The company invested $42 million of Telfer growth capex in the quarter across tailings, open pit pre‑stripping, underground development and fleet renewal, ran a 240,000 metre annual drilling programme with 10 rigs (78,302 million completed in the quarter), and holds surface stockpiles of c.23Mt equal to more than 12 months of mill feed while maintaining put options as partial downside protection.
"We are pleased to have delivered another strong operational result which delivered a record cash build of $260 million for the March quarter," Shaun Day, Managing Director, said.
Greatland added that targeted trial campaigns on low‑grade stockpiles will continue through the remainder of FY26 to inform the FY27 processing schedule.
