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LONDON - Gold miner Greatland Resources Limited (ASX:GGP, AIM:GGP) reported a net profit after tax of $337.3 million for the fiscal year ended June 30, according to unaudited preliminary results released Thursday.
The company generated $961.3 million in revenue from customer contracts at an average gold price of $4,785 per ounce during its first seven months of operating the Telfer mine after completing its acquisition. Net cash flow from operating activities reached $601.1 million.
Greatland reported segment earnings before interest, tax, depreciation and amortization of $526.7 million and a net profit before tax of $441.9 million, reflecting high-margin production from the Telfer operation.
The company ended the fiscal year with $574.7 million in cash and cash equivalents and no debt, positioning it with significant liquidity for future operations.
Safety improvements were noted at the Telfer operation, with the total recordable injury frequency rate decreasing to 6.0 as of June 30, down from 14.1 recorded on December 31, 2024.
"Producing such a strong set of financial results from the first seven months of ownership of Telfer is a great credit to the significant efforts of our team," said Greatland Managing Director Shaun Day in the press release statement.
The company stated that the integration of the Telfer operation under Greatland ownership has been completed efficiently and according to plan. Management indicated their focus continues to be on delivering their FY2026 operational plan and advancing growth opportunities at both Havieron and Telfer.
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