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IN BRIEF: Greatland Resources reports quarterly production boost

ALN

Greatland Resources Ltd - Western Australia-focused gold and copper miner - Issues preliminary production update for the quarter ended in December. Reports production of 86,273 ounces of gold and 3,528 tonnes of copper, up from 80,890 ounces of gold and 3,366 tonnes of copper in the prior September quarter. The all-in sustaining cost remains to be finalised. Sales totalled 72,212 ounces of gold and 3,301 tonnes of copper. Cash balance is $948 million as of December 31, up from $750 million at September 30. Greatland says it maintains full upside exposure to the gold price, with some downside price protection provided from gold put options.

Current stock price: 565.80 pence, up 5.1% on Wednesday in London

12-month change: up 62%

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