12 stories mentioning ASX:GGPUpdated 3h ago
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Greatland Resources (ASX:GGP) has an average rating of overweight and mean price target of AU$13.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Greatland Resources (ASX:GGP) reported June quarter production of 79,100 ounces of gold and 3,573 tonnes of copper, achieving an all-in sustaining cost (AISC) of AU$2,312 per gold ounce, according to a Wednesday filing with the Australian bourse.The company produced 78,283 ounces of gold and 3,729 tonnes of copper during the June 2025 quarter, at an AISC of AU$1,736 per gold ounce, an earlier filing showed.Sales in the June quarter were 74,648 ounces of gold at an average price of AU$6,468 per ounce and 3,531 tonnes of copper at an average price of AU$16,107 per tonne.The company reported sales of 87,529 ounces of gold at an average price of AU$5,014 per ounce and 3,740 tonnes of copper at an average price of AU$12,718 per tonne in the prior corresponding period.The company expects fiscal 2027 gold production to be between 260,000 and 300,000 ounces, with an AISC of AU$2,900 to AU$3,330 per ounce.The company's shares fell around 1% in recent Wednesday trade.
Australian shares are poised to fall on Monday after the Organization of the Petroleum Exporting Countries (OPEC) agreed to raise output quotas by 188,000 barrels per day from August, adding to global supply and extending pressure on crude prices amid a gradual reopening of the Strait of Hormuz and easing Middle East supply disruptions.In the macroeconomy, investors are eyeing the release of the ANZ-Indeed Job Ads and the Melbourne Institute monthly inflation gauge report.In corporate news, Vault Minerals (ASX:VAU) received an unsolicited binding proposal from Genesis Minerals (ASX:GMD) to merge via acquisition by Genesis of all ordinary shares in Vault through a scheme of arrangement, valuing Vault at AU$5.6 billion or AU$5.27 per share.Greatland Resources (ASX:GGP) posted preliminary June quarter production of 79,099 ounces of gold and 3,573 tonnes of copper.Australia's benchmark index rose 1.4% or 119.9 points to close at 8,844.40 on July 3.
Greatland Resources (ASX:GGP) posted preliminary June quarter production of 79,099 ounces of gold and 3,573 tonnes of copper, according to a Monday filing with the Australian bourse.The company produced 82,723 ounces of gold and 4,128 tonnes of copper in the previous quarter, an earlier filing showed.Sales in the June quarter were 74,648 ounces of gold and 3,531 tonnes of copper, compared with 97,800 ounces of gold and 4,620 tonnes of copper in the sequential quarter.Full-year production totaled 328,986 ounces of gold and 14,594 tonnes of copper, while full-year sales amounted to 326,859 ounces of gold and 14,729 tonnes of copper, the filing said.The company held AU$1.29 billion in cash at June 30, up from AU$1.21 billion as of March 31, with no debt, the filing added.
Australian shares are poised to rise on Monday, tracking firmer oil prices after renewed US-Iran strikes and escalating tensions in the Middle East disrupted shipping through the Strait of Hormuz and prompted traders to reassess the risk of supply constraints.On June 26, the S&P 500 and the Dow Jones Industrial Average each fell 0.1%, while the Nasdaq Composite declined 0.2%.In the macroeconomy, investors are eyeing the Reserve Bank of Australia's June monetary policy board meeting minutes on Tuesday.In corporate news, Ramelius Resources (ASX:RMS) agreed to sell its Edna May Gold Hub, including processing infrastructure and surrounding satellite tenements, to Forrestania Resources (ASX:FRS) for AU$300 million under a binding share and asset purchase agreement.Greatland Gold (ASX:GGP) said its group ore reserve estimate grew 62% to 5 million ounces.Australia's benchmark index rose 0.2% or 15.5 points to close at 8,764.20 on June 26.
Greatland Gold (ASX:GGP) said its group ore reserve estimate grew 62% to 5 million ounces, according to a Monday Australia and New Zealand bourse filing.The group ore reserve estimate comprises 157 million tonnes at about 1 gram per tonne gold and 0.1% copper for 5 million ounces of gold and 196,000 tonnes of copper.The company also said it has achieved financial close on the AU$225 million Facility B of its AU$500 million corporate debt facility. Facility B is a seven-year revolving credit facility earmarked for working capital and general corporate purposes.
Greatland Resources (ASX:GGP) has an average rating of overweight and mean price target of AU$14.56, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Greatland Resources (ASX:GGP) said it has executed a AU$500 million corporate debt facility with a lending syndicate, and has made a final investment decision (FID) to develop the Havieron gold-copper project in Western Australia, according to a Monday Australian bourse filing.The lending group consists of ANZ Group (ASX:ANZ, NZE:ANZ), ING, HSBC, National Australia Bank (ASX:NAB), and Westpac (ASX:WBC, NZE:WBC).The company said the facility comprises a AU$250 million revolving credit facility with a five-year term, a AU$225 million revolving credit facility with a seven-year term, and a AU$25 million contingent instrument facility (CIF) drawn to AU$17.9 million as of May 31.Financial close on facility A and the CIF has been achieved, with financial close on facility B targeted for the end of June following the publication of Greatland's updated ore reserve estimate for Telfer, the filing added.With over AU$1.7 billion in available liquidity subject to facility B closing, Greatland said it is fully funded to develop Havieron.The company's shares were up over 3% in recent Monday trade.
Greatland Resources (ASX:GGP) secured both state and federal government environmental permits for its Havieron project in Western Australia, according to a Tuesday filing with the Australian bourse.The approvals allow the company to advance toward a final investment decision in the June quarter, the filing said.
Greatland Resources (ASX:GGP) confirmed the extension of geological structures and layers at the Pinnacles prospect during step-out drilling at the West Dome Underground deposit Telfer operation in Western Australia, according to a Monday filing with the Australian bourse.Results include nearly 59 meters at 6.5 grams per tonne grade of gold and 0.1% copper, including 37 meters at 9.98 g/t grade of gold and 0.14% copper, and 34 meters at 1.1 g/t grade of gold, the filing said.Follow-up work includes wedge drilling to test mineralization along strike and down dip and planning for drilling between Pinnacles and the deposit, and extension drilling further south of Pinnacles, per the filing.
Greatland Resources (ASX:GGP) said the March quarter production reached 82,723 ounces of gold and 4,128 tonnes of copper at an all-in sustaining cost (AISC) of AU$2,056 per ounce, according to a Tuesday Australian bourse filing.The company's December 2025 quarter production was of 86,273 ounces of gold and 3,528 tonnes of copper at an AISC of AU$2,196 per ounce, per the filing.The company reported sales of 97,800 ounces of gold and 4,620 tonnes of copper at weighted average realized prices of AU$6,773 per ounce and AU$15,803 per tonne, respectively, generating net revenue of AU$742 million.December 2025 quarter sales were 72,212 ounces of gold and 3,301 tonnes of copper at weighted average realized prices of AU$6,301 per ounce and AU$14,652 per tonne, respectively, generating net revenue of AU$507 million.Greatland said it expects fiscal 2026 production to be around or slightly above the upper end of its guidance range of 260,000 to 310,000 ounces, with AISC trending toward the lower end of the AU$2,400 to AU$2,800 per ounce guidance range.Greatland Resources' shares fell 3% in recent Tuesday trade.
Here are the 10 ASX-listed companies with the biggest gains on Monday.Elevra Lithium (ASX:ELV): +7%, AU$12.92Newmont (ASX:NEM): +6%, AU$166.42IGO (ASX:IGO): +5%, AU$7.39Pilbara Minearls (ASX:PLS): +3%, AU$5.99Breville Group (ASX:BRG): +2%, AU$31.53Evolution Mining (ASX:EVN): +2%, AU$13.08Greatland Resources (ASX:GGP): +2%, AU$14.23Life360 (ASX:360): +1%, AU$21.23Sandfire Resources (ASX:SFR): +1%, AU$17.34Mineral Resources (ASX:MIN): +1%, AU$60.24
