Greatland Posts A$862m Profit and Boosts Cash Flow at Telfer
Greatland Resources reports A$862 million profit in its first full year owning Telfer, with free cash flow up 413% to A$737 million and closing cash of $1.29 billion. The company sold more gold and copper than it produced, helped by higher gold output and improved recovery, and outlined plans for a 17-year mine life with first gold about 2.5 years after commencement.