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Greatland Resources Ltd on Tuesday reported lower gold output in the third quarter of its financial year, but net revenue jumped. The Western Australia-focused gold and copper miner said gold production fell 4.1% to 82,723 ounces in the quarter to the end of March from 86,273 ounces in the previous quarter. Copper production increased to 4,128 tonnes, up 17% from 3,528 tonnes in the prior quarter. Gold sales in the third quarter jumped 35% to 97,800 ounces from 72,212 ounces, while copper sales grew 40% to 4,620 tonnes from 3,301 tonnes. A weighted average realised price of A$6,773 per ounce of gold and A$15,803 per tonne of copper generated net revenue of A$742 million, about $532.2 million, up 46% from A$507 million on-quarter. Greatland Resources reported cash flow from operations of A$543 million and cash build of A$260 million, to give a closing cash balance of A$1.21 billion, up from A$948 million at the end of December. The firm said it had full exposure to the gold price with partial downside protection from gold put options. ‘We are pleased to have delivered another strong operational result which delivered a record cash build of A$260 million for the March quarter,’ said Managing Director Shaun Day. ‘A key highlight of the March quarter was the delivery of a significant resource upgrade at Telfer which increased Greatland’s total gold resources to nearly 15 million ounces, and delivered an excellent return on our investment in drilling. The enlarged resource base has the potential to underpin a multi-decade, world class gold-copper mining hub.’ Looking ahead, Greatland said it is ‘closely monitoring’ possible supply chain and cost impacts from the war in the Middle East. It expects the full year all-in-sustaining cost to trend towards the lower end of the guidance range of between A$2,400 and A$2,800 per ounce of gold. The current cost in the year-to-date is A$2,136 per ounce. Shares in Greatland Resources were down 0.2% at 734.50 pence on Tuesday morning in London. The stock closed down 0.4% at A$14.11 in Sydney. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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