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Greatland Resources (GGP) investor relations material
Greatland Resources Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
December quarter gold production was 86,273–86,300 ounces and copper production 3,500–3,528 tons at an AISC of AUD 2,196/oz, generating operating cash flow of AUD 406 million and closing cash of AUD 948 million, debt free.
FY26 H1 production totaled 167,163oz gold and 6,894t copper, with full-year output expected at the upper end of 260,000–310,000oz guidance and AISC at the lower end.
Havieron Feasibility Study completed, confirming a world-class, long-life, lowest quartile cost gold-copper mine leveraging Telfer infrastructure, with robust funding from cash, debt facilities, and ongoing cash flows.
Record drilling at Telfer with 54,204 meters completed in the quarter, supporting resource conversion and growth.
Financial highlights
Revenue for the quarter was AUD 507 million from sales of 72,212oz gold and 3,301–3,300t copper at an average realized gold price of AUD 6,301/oz.
AISC margin for the quarter exceeded AUD 4,000/oz, up 67% since March 2025, reflecting significant cost discipline and high realized prices.
Cash build of AUD 198 million after a one-off AUD 46 million stamp duty payment.
Depreciation and amortization for the quarter was AUD 24.6 million.
Market capitalization stood at AUD 9.4 billion as of 27 January 2026.
Outlook and guidance
Full-year production is expected at the upper end of guidance, with AISC trending to the lower end.
Havieron development is expected to be fully funded from cash and a AUD 500 million binding debt commitment.
Gold put options provide downside protection at strike prices of AUD 4,200–5,200/oz through mid-2027, while retaining full upside exposure.
Telfer JORC resource update expected in March 2026, with reserve update in June.
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