The Greatland Resources Ltd (ASX: GGP) share price is in focus today after the company announced March quarter gold production of 82,723 ounces and cash reserves jumping $260 million to $1,208 million.
What did Greatland Resources report?
- Produced 82,723 ounces of gold and 4,128 tonnes of copper during the March 2026 quarter
- Year-to-date FY2026 output reached 249,887 ounces of gold and 11,022 tonnes of copper
- Sales for the quarter were 97,800 ounces of gold and 4,620 tonnes of copper
- Cash balance of $1,208 million as at 31 March 2026, up from $948 million at 31 December 2025
- No debt and $73 million in tax payments for the previous year
What else do investors need to know?
Greatland built its cash reserves strongly, ending the quarter with over $1.2 billion even after capital expenditure and tax payments. The company will start making regular tax instalments from April 2026.
Management noted that, despite tensions in the Middle East, Telfer operations have not been impacted by diesel disruptions, thanks to secure contracts and alternative energy sources. The site also holds over 12 months of mill feed in surface stockpiles at quarter-end. Greatland maintains exposure to high gold prices while partially protecting against downside risks using gold put options.
What’s next for Greatland Resources?
Greatland expects FY26 gold production to be at or slightly above the top end of its guidance range (260,000â310,000 ounces). Investors can expect further detail in the full March 2026 Quarterly Activities Report to be released later in April, with a management webcast planned for the same day.
The company continues to monitor global challenges while relying on long-term supply contracts and significant on-site reserves to underpin output through the year.
Greatland Resources share price snapshot
Over the past 12 months, Greatland Resources shares have risen 83%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 16% over the same period.
The post Greatland Resources posts March quarter update appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.