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PERTH - Greatland Resources Limited (ASX:GGP, AIM:GGP) has accumulated $750 million in cash with no debt as of September 2025, according to statements made at the company's Annual General Meeting held Thursday in Perth, Western Australia.
In an address to shareholders, the Chairman highlighted the company's transformation since acquiring full ownership of the Telfer gold-copper mine and neighboring Havieron project on December 4, 2024. The $540 million upfront acquisition cost has already been exceeded by the $601 million in operating cash flow generated in the seven months to June 30, 2025.
During this period, Greatland produced over 198,000 ounces of gold at an all-in sustaining cost of $1,849 per ounce. The company's cash position grew from $575 million at the end of June to $750 million by September's end.
The Chairman noted that while strong gold prices contributed to these results, operational improvements in productivity and safety also played a significant role in the company's performance.
In June, Greatland achieved its strategic goal of listing on the ASX while maintaining its AIM listing, marking what the Chairman described as the company's evolution into "a leading Australian gold-copper producer."
Looking forward, Greatland expects to release the Havieron Feasibility Study soon and is investing in extending the operational life of the Telfer mine.
The information in this article is based on statements made during Greatland Resources' Annual General Meeting and the Chairman's address released in a company announcement.
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