Greatland gained 4.0% after reporting quarterly gold production and all-in sustaining costs better than planned, supported by processing performance. The quarter also brought Havieron permitting approval, while FY’27 production and cost guidance remain unchanged.
- Gold production was just over 70,000 ounces, with copper production above 2,900 tonnes; management said the company remained comfortable with FY’27 gold guidance of 260,000–300,000 ounces.
- All-in sustaining cost was AUD 2,925 per ounce, at the bottom of FY’27 guidance of AUD 2,900–3,330. The company reported operating cash flow of $289 million and closed the quarter with over $1.3 billion in cash, debt-free.
- Processing reached 4.9 million tonnes despite a planned 15-day mill shutdown; gold recovery was 85% and copper recovery was 83%.
- Open-pit material mined rose to 7.9 million tonnes, while underground ore mined reached a record 0.4 million tonnes under Greatland ownership.
- Havieron received full permitting, enabling the move into construction; spending there has increased.
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