Greatland Resources shares jumped sharply today following a positive preliminary production and sales report for the September quarter, coupled with reaffirmed financial year 2026 guidance. The news signals continued operational strength for the gold and copper producer.
The ASX-listed stock experienced a significant surge, climbing 9.58% to close at A$8.35, after hitting an intraday high of A$8.61. This upward movement reflects market confidence in the company’s performance and future prospects, particularly following its recent inclusion in the S&P/ASX 200, 300 and All Ordinaries indices, effective September 22nd.
Operationally, Greatland Resources reported gold production of 80,890 ounces and copper production of 3,366 tonnes for the quarter. Sales figures were also robust, with 82,199 ounces of gold and 3,277 tonnes of copper sold. The company’s financial position has strengthened considerably, with a cash balance of $750 million as of September 30th, up from $575 million at the end of June. This represents a cash build of $175 million for the quarter, even after accounting for capital expenditure, and with nil debt.
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The All-in Sustaining Cost (AISC) for the period is expected to be towards the lower end of the financial year 2026 guidance, which remains unchanged at 260,000–310,000 ounces of gold at an AISC of $2,400–$2,800 per ounce. The company’s full September Quarterly Activities Report is scheduled for release on Monday, October 27th, followed by a webcast.
In August, Greatland Resources released its unaudited preliminary results for the fiscal year ending June 30th, showcasing revenue of $961.3 million, with a net profit before tax of $441.9 million and a net profit after tax of $337.3 million.
The company’s strong performance metrics and solid financial footing have been well-received by the markets. Greatland Resources completed its IPO on the ASX in June, raising $490 million at $6.60 per share.
Greatland Resources’ recent production update and strong financial position have instilled confidence in the markets. However, the resources sector is subject to commodity price volatility and operational risks. The company’s ability to maintain its production levels and manage costs will be critical in sustaining its current momentum.
