Greatland Resources Limited (GGP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you Ashley and welcome everyone to the September 25 Greatland quarterly results call. Joining me on the call today is Chief Operating Officer Simon Tyrrell and Chief Development Officer Rowan Krasnoff. I'll go through the deck briefly and then we'll open it up for questions and answers. And as I slide through the deck, just note the disclaimer, but I'll leave people to review that from our website. So moving to slide four. During the quarter, we produced just under 81,000 ounces of gold plus 3,400 tons of copper for the quarter. And we achieved this production whilst consolidating the significant improvements we've made in safety since Greatlands acquisition of Telfer. In terms of the full year production guidance of 260 to 310,000 ounces, that remains unchanged. Of course, we're really pleased with such a strong quarter, but I do note there's a slight weighting of our production outcome towards the first half of the year. Yeah, pleasingly, I think one of the highlights of the quarter was the all-in sustaining cost came in at $2,155 per ounce Australian. This is a really good outcome. And it's a reflection of our continued focus on cost control whilst we continue to participate in really strong gold market pricing. A highlight for the quarter was the gold recoveries at 88.6%. This is the highest quarterly gold recovery since FY 2010, which is a great credit to Simon and the team at Sight. During the quarter, we realised a gold price of $5,277 per ounce. You know, Greatland fully participates in the market price of gold. Greatland, as you're aware, you know, adopted an approach of purchasing put options. This provides us a measure of insurance whilst allowing us to fully participate in the upside of the gold price. This approach has worked really well, and purch...