Greatland Resources cheers record quarter of cash amid soaring gold prices

Greatland Resources reported a record quarterly cash build of A$260 million in the March quarter, driven by strong gold sales and high realised prices, lifting its cash balance to A$1.208 billion with no drawn debt. The miner produced 82,723 oz of gold (sales 97,800 oz) and 4,128 tonnes of copper, generating net revenue of A$742 million and A$453 million cash flow from operations. Year-to-date gold output is 249,887 oz, putting the company on track for the upper end of its 260,000–310,000 oz guidance and AISC expected toward the lower end of A$2,400–A$2,800/oz. The robust balance sheet funds Havieron and Telfer growth, and the strong realised gold price (>A$6,700/oz) reinforces bullish sentiment for gold exposure.