Greatland reports uptick in quarterly gold production

7th Jan 2026 13:38

(Sharecast News) - Greatland Resources reported preliminary gold production of 86,273 ounces in the December quarter on Wednesday, alongside copper output of 3,528 tonnes.

The AIM-traded firm said the result compared with 80,890 ounces of gold and 3,366 tonnes of copper in the September quarter, taking first-half 2026 production to 167,163 ounces of gold and 6,894 tonnes of copper.

Gold sales during the quarter totalled 72,212 ounces, with copper sales of 3,301 tonnes.

All-in sustaining costs were yet to be finalised and will be disclosed in the company's full December quarterly activities report.

Greatland said it ended the quarter with cash of $948m on 31 December, up from $750m at the end of September, and remained debt-free and unhedged.

The company said that represented a cash build of $198m over the quarter after capital expenditure and a one-off $46m stamp duty payment related to the Telfer-Havieron acquisition, implying an underlying cash increase of $244m excluding that payment.

The miner said it continued to retain full upside exposure to the gold price, while maintaining some downside protection through gold put options.

Greatland said it would publish its full December quarterly activities report on 28 January.

At 1319 GMT, shares in Greatland Resources were up 6.36% at 572.41p.

Reporting by Josh White for Sharecast.com.