The Greatland Resources Ltd (ASX: GGP) share price is in focus today after the miner reported record gold production for FY26, with 328,986 ounces producedâexceeding guidance by 6%âand a cash position of $1,289 million at period end.
What did Greatland Resources report?
- Quarterly production: 79,099 ounces gold (Au), 3,573 tonnes copper (Cu)
- Full-year FY26 production: 328,986oz Au (up 6% on top-end guidance), 14,594t Cu
- Full-year sales: 326,859oz Au, 14,729t Cu
- Cash at 30 June 2026: $1,289 million and zero debt
- $81 million net cash build over the quarter, after capex and $87 million tax paid
- Gold price exposure maintained with downside protection via put options
What else do investors need to know?
The June 2026 quarter saw Greatland Resources generate solid cash flow, ending the period with a strengthened balance sheet and no debt. An additional $20 million in sales was completed late in the quarter, with cash to be received post-period. All-In-Sustaining-Cost (AISC) details are yet to be finalised and will be announced in the company’s full June quarterly report later in July, alongside a management webcast. Greatland also highlighted its full exposure to higher gold prices while retaining some price protection through put options.
What’s next for Greatland Resources?
Investors can expect the detailed June 2026 Quarterly Activities Report later this month, which will include finalised cost data and further operational detail. Management maintains a positive approach with ongoing development of the flagship Havieron gold-copper project and a robust exploration pipeline in the Paterson Province. With a cashed-up balance sheet and substantial recent production outperformance, Greatland is well positioned to pursue further growth and exploration throughout FY27.
Greatland Resources share price snapshot
Over the past 12 months, Greatland Resources shares have risen 75%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.
The post Greatland Resources posts record FY26 gold output appeared first on The Motley Fool Australia.
Should you invest $1,000 in Greatland Resources right now?
Before you buy Greatland Resources shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Greatland Resources wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 16 June 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- Genesis Minerals proposes Vault merger to create gold powerhouse
- Capricorn Metals hits upper end of FY26 gold production guidance, advances project expansions
- Regis Resources hits top end of FY26 guidance
- Infratil shares on watch after CDC Data Centres’ valuation climbs
- 5 things to watch on the ASX 200 on Monday
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.