Greatland Resources reported a net profit of $862 million in its first full financial year operating the Telfer mine in Western Australia, ending June 30, 2026. Revenue totaled $2.26 billion, driven by the sale of 326,859 ounces of gold and 14,730 tonnes of copper.
The company processed 19.2 million tonnes of ore with average head grades of 0.58 grams per tonne of gold and 0.1% copper. Gold production reached 328,987 ounces, while copper output was 14,594 tonnes. The average realized gold price was $6,223 per ounce, and copper averaged $14,895 per tonne.
EBITDA stood at $1.33 billion, with an all-in sustaining cost of $2,179 per ounce of gold produced. Free cash flow totaled $737 million, lifting the cash balance to $1.29 billion. Total available liquidity, including $475 million in unused credit lines, reached $1.76 billion. Greatland ended the year with zero debt after securing $500 million in corporate credit facilities from ANZ, ING, HSBC, NAB, and Westpac.
Mineral resources at Telfer increased by 4.8 million ounces to 7.9 million ounces as of March 2026, while ore reserves rose by 1.1 million ounces to 1.8 million ounces by June 2026. The company also finalized the investment decision for the adjacent Havieron project in June, with first gold production expected in the fiscal year 2029.
For the fiscal year 2027, Greatland projected gold production of 260,000 to 300,000 ounces and an AISC of $2,900 to $3,330 per ounce. Growth capital expenditures were set at $315 million to $335 million for Telfer and $365 million to $435 million for Havieron.
