Highlights

  • Gold production reached 86,273 ounces and copper output totalled 3,528 tonnes in the December 2025 quarter.
  • Cash increased to USD 948 million at 31 December 2025, with no outstanding debt.
  • Sales for the quarter included 72,212 ounces of gold and 3,301 tonnes of copper.

Greatland Resources Limited (LSE:GGP) has released a preliminary production update for the quarter ended December 2025, reporting increased gold and copper output alongside a higher cash balance. The update provides an overview of production volumes, sales performance, and financial position ahead of the company’s full quarterly activities report later this month.

Quarterly Production Performance

During the December 2025 quarter, Greatland produced 86,273 ounces of gold and 3,528 tonnes of copper. This compared with production of 80,890 ounces of gold and 3,366 tonnes of copper in the September quarter. For the first half of FY2026, total production reached 167,163 ounces of gold and 6,894 tonnes of copper.

The All-In Sustaining Cost (AISC) for the period has not yet been finalised and is expected to be disclosed in the December 2025 Quarterly Activities Report.

Sales Volumes and Revenue Exposure

Gold and copper sales for the quarter amounted to 72,212 ounces of gold and 3,301 tonnes of copper. Greatland continues to maintain exposure to movements in the gold price, with downside protection provided through gold put options.

This pricing structure allows participation in gold price movements while managing downside risk within defined parameters.

Cash Position and Capital Movements

As at 31 December 2025, Greatland reported cash of USD 948 million, compared with USD 750 million at 30 September 2025. The increase of USD 198 million over the quarter occurred after accounting for capital expenditure and a one-off payment of USD 46 million in stamp duty related to the Telfer–Havieron acquisition.

Excluding the stamp duty payment, the quarterly cash increase would have totalled USD 244 million. The company reported no debt at the end of the period.

Asset Base and Operations

Greatland is a gold and copper mining company operating in Western Australia, with listings on the Australian Securities Exchange and London Stock Exchange’s AIM Market. Its portfolio includes the 100% owned Telfer mine, the adjacent Havieron gold-copper development project, and a broader exploration portfolio across the surrounding region.

The Telfer and Havieron assets together form a long-life gold-copper operation within the Paterson Province in the East Pilbara region of Western Australia.

Upcoming Reporting and Market Update

Greatland is scheduled to release its full December 2025 Quarterly Activities Report on Wednesday, 28 January 2026.

In market activity, Greatland Resources shares were trading at 577.00 GBX, up 7.21% on the day as of 7 January, with gains of 41.42% over the past month and 64.86% over the past year.