Greatland Reports 80,890 oz Gold and $175M Cash Increase in Q1 FY26
Greatland Resources reported robust production in the September 2025 quarter, delivering nearly 81,000 ounces of gold and over 3,300 tonnes of copper, while boosting its cash reserves by $175 million.
- September quarter gold production of 80,890 ounces
- Copper output of 3,366 tonnes
- Cash balance increased to $750 million with zero debt
- FY26 gold production guidance maintained at 260,000–310,000 ounces
- All-in sustaining cost (AISC) expected at lower end of guidance
Strong Quarterly Production Performance
Greatland Resources Limited has delivered a solid start to its fiscal year 2026 with a preliminary production update for the September quarter showing 80,890 ounces of gold and 3,366 tonnes of copper produced. These figures underscore the operational strength of its flagship assets in Western Australia, particularly the Telfer mine and the adjacent Havieron project.
Sales volumes closely matched production, with 82,199 ounces of gold and 3,277 tonnes of copper sold during the quarter, reflecting steady demand and efficient marketing of its output.
Financial Position and Cost Outlook
Greatland’s cash position has surged by $175 million to $750 million as of 30 September 2025, an impressive build that comes alongside a debt-free balance sheet. This financial strength provides the company with considerable flexibility to pursue ongoing development and exploration activities in the Paterson Province.
The company has yet to finalise its all-in sustaining cost (AISC) for the quarter, but it anticipates this figure will fall near the lower end of its FY26 guidance range of $2,400 to $2,800 per ounce of gold. This suggests operational efficiencies are being maintained despite the complexities of integrating the Telfer-Havieron acquisition.
Upcoming Milestones and Considerations
Investors should note that a $46 million stamp duty payment related to the Telfer-Havieron acquisition, originally expected in the September quarter, will now be settled in October 2025. This timing shift may influence short-term cash flow but does not detract from the company’s strong liquidity position.
Greatland plans to release its full September 2025 Quarterly Activities Report on 27 October 2025, accompanied by a webcast that will likely provide further insights into operational progress and cost management strategies.
Overall, Greatland Resources appears well positioned to meet its full-year production targets while maintaining a robust financial footing, setting the stage for sustained growth in one of Australia’s most prolific mining regions.
Bottom Line?
Greatland’s strong start to FY26 and robust cash position set the tone for a pivotal year ahead.
Questions in the middle?
- Will the final AISC confirm the anticipated cost efficiencies for FY26?
- How will the delayed stamp duty payment impact short-term capital allocation?
- What insights will the upcoming webcast reveal about Havieron’s development progress?
