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ASX:GGP - Gold & copper producer

Greatland Resources (ASX:GGP)

Telfer, Havieron - Paterson Province, WA

$10.36-2.9%
as of 13 Nov 2026, 4:10 pm
Avg DrillScore-last 10 announcements
Decoded10price-sensitive announcements
Cash runway-$1.3bn cash
Red flags1last 12 months
Avg day-1 move+2.0%after its news
Market cap$7.0bn52w $7.28 - $15.43

GGP share price - with every decoded announcement marked

$7.35$9.98$13$1526 Oct 2026 - Greatland September quarter: 70,131oz gold at A$2,925/oz AISC; cash A$1,314m; Havieron construction starts27 Aug 2026 - Greatland FY26 profit A$862m, cash A$1,289m; FY27 gold guided to 260-300koz at higher AISC27 Aug 2026 - Greatland FY26 audited net profit A$862.3m, up 156%; revenue A$2.26bn; no dividend declared29 Jul 2026 - Greatland June quarter: 79,100oz gold at A$2,312/oz AISC, cash A$1,289m; FY26 beats guidance6 Jul 2026 - Greatland June quarter gold 79,099oz; FY26 328,986oz beats top of guidance, AISC due in July29 Jun 2026 - Greatland reserves rise to 5.0Moz gold; Telfer reserve up 150% to 1.8Moz26 May 2026 - Greatland gets WA environmental approval for Havieron, completing both state and federal primary approvals28 Apr 2026 - Greatland March quarter: 82,723oz gold at A$2,056/oz AISC; cash rises A$260m to A$1,208m8 Apr 2026 - Greatland March quarter gold output 82,723oz, cash up $260m to $1,208m; FY26 seen near top of range30 Mar 2026 - Telfer gold resource up 4.8Moz to 8.0Moz at December 2025; M&I up 163% to 3.8MozNov 202513 Nov 2026

About Greatland Resources

Owner and operator of the Telfer gold-copper mine in WA's Paterson Province and the high-grade Havieron gold-copper deposit nearby, which it is developing to feed Telfer's plant.

ASX code
GGP
Commodity
Gold & copper
Stage
Producer
Projects
Telfer, Havieron
Where
Paterson Province, WA

Decoded

GGP announcements, analysed

Quarterly

Greatland September quarter: 70,131oz gold at A$2,925/oz AISC; cash A$1,314m; Havieron construction starts

ASX: "September 2026 Quarterly Activities Report"

Greatland produced 70,131oz of gold and 2,927t of copper in the September 2026 quarter at an AISC of A$2,925/oz, down from 79,100oz and A$2,312/oz in the June quarter, after a 15-day plant shutdown. Operating cash flow of A$289m...

Results

Greatland FY26 profit A$862m, cash A$1,289m; FY27 gold guided to 260-300koz at higher AISC

ASX: "Successful First Full Financial Year of Telfer Ownership"

Greatland's first full year of Telfer ownership produced 328,987oz of gold, with net profit of A$862m, closing cash of A$1,289m and no drawn debt. FY27 guidance is for lower gold output (260-300koz) and a higher unit cost (AISC...

Results

Greatland FY26 audited net profit A$862.3m, up 156%; revenue A$2.26bn; no dividend declared

ASX: "Greatland 2026 Appendix 4E"

Greatland's audited Appendix 4E for the year to 30 June 2026 reports revenue of A$2,259.4m and net profit after tax of A$862.3m, up 156% on the prior year. Net tangible assets rose to A$3.26 per security from A$1.95, and no...

Quarterly

Greatland June quarter: 79,100oz gold at A$2,312/oz AISC, cash A$1,289m; FY26 beats guidance

ASX: "June 2026 Quarterly Activities Report"

Greatland produced 79,100oz of gold and 3,573t of copper in the June quarter at an AISC of A$2,312/oz. FY26 gold output of 328,987oz beat the 260-310koz guidance, and cash rose A$81m to A$1,289m with no drawn debt. FY27 guidance...

Production

Greatland June quarter gold 79,099oz; FY26 328,986oz beats top of guidance, AISC due in July

ASX: "June 2026 Quarter Production Update"

Greatland produced 79,099oz of gold and 3,573t of copper in the June 2026 quarter, taking FY26 gold output to 328,986oz, which is 6% above the top of its 260,000-310,000oz guidance range. Cash rose to A$1,289m with nil debt...

Reserve update

Greatland reserves rise to 5.0Moz gold; Telfer reserve up 150% to 1.8Moz

ASX: "March 2026 Group Ore Reserve Statement"

Greatland's March 2026 Group Ore Reserve rises to 157.2Mt at 0.99g/t Au and 0.12% Cu, or 5.0Moz gold and 196kt copper, with Telfer at 1.8Moz after depletion. The release contains no new drill results. The Telfer increase rests on...

4 flags
Project update

Greatland gets WA environmental approval for Havieron, completing both state and federal primary approvals

ASX: "Havieron Environmental Approvals Received"

Greatland says the WA Minister for the Environment has given the state primary approval for its Havieron gold-copper project, following the federal approval of 24 April 2026. With both primary approvals in hand, the company is...

Quarterly

Greatland March quarter: 82,723oz gold at A$2,056/oz AISC; cash rises A$260m to A$1,208m

ASX: "March 2026 Quarterly Activities Report"

Greatland produced 82,723oz of gold and 4,128t of copper in the March quarter at an all-in sustaining cost (AISC) of A$2,056/oz. Operating cash flow was A$453m, cash rose A$260m to A$1,208m, and the company has no debt. Full-year...

Earlier

Money

Cash, burn and dilution

QuarterCashOperating CFOutgoingsRunwaySharesGold ozAISC
Sep 2026$1.3bn$289m--675m70,131A$2,925
Jun 2026$1.3bn$1.2bn---328,987A$2,179
Jun 2026$1.3bn$302m--675m79,100A$2,312
Jun 2026$1.3bn----79,099-
Mar 2026$1.2bn$453m--673m82,723A$2,056
Mar 2026$1.2bn----82,723-

Price reactions

How GGP moved after its news

Day-1 move after each decoded announcement, from the last close before the market could trade on it.

Average day-1 move by type

Quarterlies+1.9%3 announcements
Financial results-3.5%2 announcements
Production+7.1%2 announcements
Reserves-0.8%1 announcement
Project updates-2.7%1 announcement
Resources+11.1%1 announcement

Historical pattern

What happened after news like GGP's latest

Based on Greatland September quarter: 70,131oz gold at A$2,925/oz AISC; cash A$1,314m; Havieron... (26 Oct 2026): what share prices did after past results like it, from DrillScore's own records. It describes the past: it isn't a forecast for GGP and it isn't advice.

News like thisMixed news No clear lean

After 39 other announcements read as 'mixed', stocks moved +0.4% by day 1, +0.6% by day 5 and +0.7% by day 20 against the XGD on average.

Day 1
+0.4%
Day 5
+0.6%
Day 20
+0.7%
39 results, against the XGD
GGP's own record9 earlier announcements No clear lean

After its earlier announcements, GGP moved +1.0% by day 1, +0.5% by day 5 and 0.0% by day 20 against the XGD on average.

Day 1
+1.0%
Day 5
+0.5%
Day 20
0.0%
9 results, against the XGD
The market nowXGD +0.1% in 20 days Leaned down

Over the last 20 trading days the XGD gold index moved +0.1% (steady). After 14 past gold announcements released into a steady gold index, stocks moved +1.0% by day 1, -1.2% by day 5 and +13.7% by day 20 on average - before taking the market's own move out.

Day 1
+1.0%
Day 5
-1.2%
Day 20
+13.7%
14 results, raw moves

A strand leans up or down when its day-5 average is 1% or more either way. Each is shown on its own and never added up into a prediction: small samples swing, and every result is different. The full backtest - how it's worked out

Disclosure

Red flags and notes

Quantified upside from Inferred material without tonnes, grade or cautionary wording

The release states that 42% more gold could be converted from Inferred material in the pit shell and 8% more underground, but gives no tonnes or grades for that material and does not state that this is not an estimate of reserves.

GGP: March 2026 Group Ore Reserve Statement - 29 Jun 2026
Reserve price deck well below spot

The Telfer reserve uses A$4,000/oz gold and A$6.00/lb copper against spot of ~A$5,930/oz and ~A$8.70/lb, and the Havieron reserve uses a long-term A$2,500/oz price unchanged from December 2025. The assumptions are disclosed, but the gap is wide.

GGP: March 2026 Group Ore Reserve Statement - 29 Jun 2026
Mixed reporting dates in the reserve basis

The reserve uses the December 2025 Mineral Resource, but the West Dome Open Pit classification is updated to 31 March 2026, and a new West Dome resource statement is released in the same document.

GGP: March 2026 Group Ore Reserve Statement - 29 Jun 2026
Inconsistent underground mining rate

Section 1 gives a current underground mining rate of ~1.0-1.5Mtpa, while the Table 1 Section 4 text gives 1.5-2.0Mtpa.

GGP: March 2026 Group Ore Reserve Statement - 29 Jun 2026
Recovery assumptions behind the metal equivalent not stated

The equivalent formula is shown, but the metallurgical recovery for each metal in it is not stated with the test work behind it. The ASX expects recoveries to be disclosed for metal equivalents; without them it assumes 100%.

GGP: December 2025 Group Mineral Resource Statement - 30 Mar 2026
Long-life and multi-decade claims rest on resources, not reserves

The headline says the resource supports a long-life operation and the Managing Director describes a multi-decade, world class mining hub. No Ore Reserve is stated, and the company says Measured and Indicated material still has to be evaluated in the Ore Reserve update.

GGP: December 2025 Group Mineral Resource Statement - 30 Mar 2026
Vertical Stockwork Corridor modifying factors

The VSC adds 1.3Moz at a A$70/t NSR cut-off, the lowest of the underground domains, using sub-level caving with no mining dilution. The announcement does not show how the sub-level cave economics were tested, and the cave has not been mined materially since 2023.

GGP: December 2025 Group Mineral Resource Statement - 30 Mar 2026
Data cut-off date conflicts with model date

The resource is stated as at 31 December 2025 with drilling to that date, but the Appendix 1 text says the West Dome Open Pit model was estimated in March 2026 with added RC and diamond results. The announcement should confirm which drilling is in the model.

GGP: December 2025 Group Mineral Resource Statement - 30 Mar 2026
Growth not reconciled between drilling and assumption changes

The waterfall attributes 3.4Moz to growth in existing areas. The text says the West Dome increase came from drilling together with updated cost and revenue factors and the inclusion of low-grade ex-pit material, but the announcement does not quantify each effect.

GGP: December 2025 Group Mineral Resource Statement - 30 Mar 2026

Investors

Experiences with GGP

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Questions

GGP in brief

What does Greatland Resources mine?

Owner and operator of the Telfer gold-copper mine in WA's Paterson Province and the high-grade Havieron gold-copper deposit nearby, which it is developing to feed Telfer's plant.

What was GGP's latest price-sensitive announcement?

On 26 Oct 2026 GGP released "September 2026 Quarterly Activities Report". In plain English: Greatland September quarter: 70,131oz gold at A$2,925/oz AISC; cash A$1,314m; Havieron construction starts. It had no new drill results, so no DrillScore; DrillScore read its signal as mixed. Read the full analysis.

How much cash does GGP have?

GGP reported $1.3bn in cash at 30 September 2026.

How does GGP's share price react to announcements?

Across 10 decoded price-sensitive announcements, GGP's average day-1 move was +2.0%, rising 4 times and falling 6 times. Past reactions don't predict future ones.

Is GGP a gold or a copper stock?

Greatland Resources is a gold & copper producer with operations in Paterson Province, WA. See all ASX gold stocks.

Where can I read GGP's announcements?

Every price-sensitive GGP announcement is decoded on this page within minutes of release, with a link to the original document. DrillScore's analysis is general information, not advice.

General information only - not financial advice. DrillScore's analyses are produced automatically by an AI model (Claude, by Anthropic) from the company's own ASX announcement and public market data, and scored by a fixed formula (how it works). They can be wrong or incomplete, don't consider your objectives or circumstances, and are not a recommendation to buy, sell or hold anything. Always read the original announcement and consider advice from a licensed adviser.

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