Greatland Resources (GGP) H2 2026 earnings summary

Executive summary

• Achieved first full financial year of Telfer ownership, delivering strong operational and financial results.

• Significant productivity improvements in open pit and underground mines, with robust processing performance.

• Completed Havieron Feasibility Study, confirming pathway to a world-class gold-copper mine and made final investment decision.

• Substantial upgrades to Telfer Mineral Resources and Ore Reserves, and maiden resource at West Dome Underground.

Financial highlights

• Net profit after tax (NPAT) of $862 million for FY26; EBITDA of $1,332 million.

• Revenue of $2,259 million from sales of 326,859oz gold and 14,730t copper.

• Free cash flow of $737 million; closing cash of $1,289 million; total liquidity of $1,764 million including undrawn debt.

• Year-over-year revenue up 136%, EBITDA up 186%, NPAT up 156%.

Outlook and guidance

• FY27 gold production guidance: 260–300koz at AISC of $2,900–$3,330/oz.

• Growth capital spending in FY27: $315–$335 million at Telfer, $365–$435 million at Havieron, $70–$80 million for resource development and exploration.

• Production expected to be second-half weighted due to open pit scheduling and planned plant shutdown.

• First gold from Havieron expected during FY29.