Greatland Resources goes debt-free after strong Telfer year

Greatland Resources (ASX:GGP) has capped off a highly successful first full year of operations at the Telfer mine.

The company reported gold production of 86,273 ounces for the period, with all-in sustaining costs sitting at $US2,196 per ounce.

This operational efficiency translated into a massive financial windfall, generating US$406 million in operating cash flow and allowing the company to close the quarter entirely debt-free with $948 million in cash.

The mine's output remained consistent throughout the first half of FY26, reaching a total of 167,163 ounces of gold and 6,894 tonnes of copper.

Strong metallurgical results underpinned these figures, with gold recoveries maintaining a high rate of 88.4%.

Quarterly sales of 72,212 ounces of gold and 3,301 tonnes of copper drove net revenues to $507 million, reinforcing Telfer's status as a cornerstone asset for Greatland.

At the time of reporting, Greatland Resources’ share price was $13.64.