Greatland Resources Limited posted a net profit after tax of $862 million and EBITDA of $1,332 million for the full financial year ended 30 June 2026, marking its first full operational period with 100% ownership of the Telfer mine in Western Australia.

The financial result was underpinned by sales revenue of $2,259 million, generated from the sale of 326,859 ounces of gold at an average price of $6,223/oz and 14,730 tonnes of copper at an average realised price of $14,895/t. This compares with sales revenue of $957 million reported in the previous financial year.

Operational output for the 2026 financial year reached 328,987 ounces of gold and 14,594 tonnes of copper at an all-in sustaining cost of $2,179 per ounce of gold produced. Total material milled increased to 19,194 kilotonnes from 10,966 kilotonnes in the prior year, while AISC rose from $1,849/oz. The strong operating performance generated $737 million in free cash flow and a cash build of $714 million, closing the period with $1,289 million in cash and total available liquidity of $1,764 million.

“FY26 was another transformative year for Greatland. Our first full financial year of Telfer under our ownership delivered exceptional operating results, driven by significant productivity improvements in our open pit and underground mines, and an excellent performance in our processing operations.”

— Shaun Day, Managing Director

During the period, Greatland advanced its organic growth pipeline, completing a feasibility study for the adjacent brownfield Havieron project in December 2025 and securing a final investment decision from the board in June 2026 following primary environmental approvals and the execution of $500 million in corporate debt facilities.

For the 2027 financial year, Greatland has issued production guidance of 260,000 to 300,000 ounces of gold at an AISC range of $2,900 to $3,330 per ounce. The company scheduled the start of construction and pre-production capital spending for Havieron in FY27, targeting first gold production during FY29. Growth capital expenditure for FY27 is guided at $315 million to $335 million at Telfer and $365 million to $435 million at Havieron, alongside $70 million to $80 million allocated to resource development and exploration. Early works and a dedicated study are also underway at Telfer's West Dome Underground project to accelerate delivery.

“Looking ahead to FY27, we are guiding to produce 260,000 - 300,000 ounces of gold at an AISC of $2,900 - $3,330 per ounce, which will support an important year of investment in organic growth. We will commence the construction phase for Havieron, and will continue our investment in Telfer including progressing new high-grade opportunities, in particular the West Dome Underground. The investments we make in FY27 will set the foundations for a period of production growth delivered by a higher quality, longer life, gold-copper production centre in the Paterson region. We enter the year in a position of strength with net cash of approximately $1.3 billion at the close of FY26.”

— Shaun Day, Managing Director

The company enters the new period supported by a robust balance sheet and ongoing exploration activities across the Paterson region.

Read the full announcement: Successful First Full Financial Year of Telfer Ownership