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Greatland Posts A$862m Profit and Boosts Cash Flow at Telfer

Greatland Resources logoGreatland Resources
Sig3.35Sen+7.25Env0.00Soc0.00Gov0.00

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.

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