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GGP

-2.00%
GOOD

Greatland Gold Delivers Exceptional Quarterly Results

Why we think this is good

Greatland Gold's March 2025 quarterly report demonstrates strong operational and financial performance, with gold production exceeding expectations, lower all-in sustaining costs, and robust free cash flow generation. The company's exploration and resource development activities also show promising progress, including the successful maiden drilling program at the West Dome Underground project. These positive factors outweigh any potential concerns, warranting a GOOD sentiment score.

Key Points

  • Gold production 21% higher than pre-acquisition plan
  • All-in sustaining costs 3.5% lower than pre-acquisition plan
  • Free cash flow of A$253 million, closing cash balance of A$398 million
  • Successful maiden drilling program at West Dome Underground
  • Ongoing drilling at Main Dome Underground and Eastern Stockwork Corridor
  • FY2025 guidance of 196,000-210,000 oz gold production at AISC of A$2,100-A$2,250/oz

Summary

The mining company reports excellent quarterly results, with higher gold production, lower costs, and substantial free cash flow. Exploration activities also show promising progress.

Greatland Gold's March 2025 quarterly report highlights strong operational performance, with gold production 21% higher than the pre-acquisition plan and all-in sustaining costs 3.5% lower. The company generated free cash flow of A$253 million and ended the quarter with a cash balance of A$398 million and no debt. Exploration and resource development activities also showed positive progress, including the successful maiden drilling program at the West Dome Underground project and ongoing drilling at the Main Dome Underground and Eastern Stockwork Corridor. The company provided FY2025 guidance of 196,000-210,000 oz of gold production at an AISC of A$2,100-A$2,250/oz.

Key Dates

23 April 2025
UK Court hearing for corporate reorganization and ASX listing
Late Q2 2025
Completion of ASX listing and AIM admission
Q2 2025
Completion of Telfer Ore Reserve estimate
GENERAL UPDATE