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Greatland Resources Limited (ASX:GGP)

ALERT: Price-sensitive ASX Announcement for GGP
Current share price for GGP : $9.930 -3.43 (-25.67%)+
Announcement
Release
8 Apr 2026 8:19AM
Price at Release
$13.360
Full Release
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Summary
Greatland Resources Limited announced a March 2026 quarter production update with significant progress in its gold and copper production. The company reported a production of 82,723 oz of gold and 4,128 tonnes of copper for the quarter. Year-to-date production for FY2026 reached 249,887 oz of gold and 11,022 tonnes of copper. Sales figures were impressive, with 97,800 oz of gold and 4,620 tonnes of copper sold. The company's financial position strengthened, with cash reserves increasing to $1,208 million, a $260 million increase for the quarter, despite tax payments. Greatland Resources remains vigilant about potential supply chain disruptions due to geopolitical tensions but reported no current impact on its operations at Telfer. The company anticipates full-year production to meet or exceed the upper guidance range, while maintaining strategic financial protections through gold put options.
Key Points
  • Quarterly production of 82,723 oz of gold and 4,128 tonnes of copper.
  • Year-to-Date (YTD) for FY2026 production was 249,887 oz of gold and 11,022 tonnes of copper.
  • Sales reached 97,800 oz of gold and 4,620 tonnes of copper in the quarter.
  • The company reported a cash reserve of $1,208 million as of March 31, 2026.
  • Greatland Resources has no debt and recorded a cash build of $260 million for the quarter.
  • Potential supply chain impacts are being monitored due to Middle Eastern conflicts.
  • Telfer operations are not currently impacted by diesel supply disruptions.
  • Onsite power generation at Telfer is driven by natural gas delivered via the Pilbara Pipeline System.
  • Greatland expects FY26 production to be at or above the upper end of the guidance range of 260,000 – 310,000 oz of gold.
  • Greatland maintains exposure to gold price upside with some downside protection through put options.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.