Greatland Resources (ASX:GGP) has delivered a commanding preliminary production update for the March 2026 quarter.
The company reported a quarterly production of 82,723 ounces of gold (Au) and 4,128 tonnes of copper (Cu), bringing year-to-date totals to nearly 250,000 ounces of gold.
The operational momentum has translated into a substantial cash build of $260 million, lifting Greatland's total cash reserves to a formidable $1.21 billion as of March 31.
The company maintains a debt-free status, even after accounting for capital expenditure and a $73 million tax payment for the previous financial year.
Operational resilience at the Telfer mine remains a highlight, particularly amidst global supply chain volatility triggered by conflicts in the Middle East.
Greatland confirmed that its operations remain unaffected by diesel supply disruptions, thanks to long-term direct contracts and a transition towards reduced diesel intensity.
The site’s processing plant is powered by Western Australian natural gas, while the underground operation utilises an electric shaft hoist for its highest-grade ore.
Management now expects full-year FY26 gold production to meet or slightly exceed the upper end of its 260,000 to 310,000-ounce guidance range.