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Greatland hails transformative year and plans further Telfer and Havieron expansion

Greatland Resources logoGreatland Resources
Sig3.60Sen+5.10Env-4.00Soc-0.80Gov+0.90

Greatland Resources calls its first year owning the Telfer gold and copper mine transformative, reporting net profit after tax of A$862 million (+156%). With construction spending at Telfer starting in earnest, it targets gold output of 260,000–300,000 ounces and sets growth capital of A$365–435 million at Havieron and A$315–335 million at Telfer, plus A$70–80 million for resource development, entering with about A$1.3 billion net cash.

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