Greatland Resources December quarter revenue lifts, gold sales slip 12%
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The news: Greatland Resources generated $507 million of revenue in the December quarter, even as gold sales dipped at the end of the first full year of operations for the gold miner at its Telfer project in Western Australia.
The numbers: December quarter net revenue came in at $507 million, a 6.5% quarter on quarter lift compared to the September quarter.
Gold sales fell to 72,212 ounces in the December quarter, a 12.1% fall from 82,199 ounces in the preceding quarter. All in sustained cost was $2,196 per ounce as the average realised price for gold in the December quarter was $6,301 per ounce, higher than $5,277 per ounce in the September quarter.
Copper sales lifted from 3,277 tonnes in the September quarter to 3,301 tonnes in the December quarter. Average price received for copper lifted from $12,552 per tonne in the September quarter to $14,652 per tonne in the December 2025 quarter.
Based on performance in the first half of FY26, the company expects full-year production to trend towards the upper end of the guidance range of 260,000 to 310,000 ounces and full-year all-in sustained cost towards the lower end of the guidance range of $2,400 to $2,800 per ounce.
The context: The company had cash flow from operations of $406 million for the quarter and had a closing cash balance of $948 million, up from $750 million as at 30 September 2025 and is debt free.
The company also saw $61.2 million in Telfer growth capex invested across tailings expansion, open pit pre-stripping, underground development and open pit fleet renewal.
Greatland also completed its feasibility study for the Havieron study and announced the results on 1 December 2025.
The source: ASX
