Greatland Resources' Havieron deposit would pay itself off within five years at a gold price of $4,500 per ounce, the Forrest-backed producer has revealed, with management bullish on the long-term potential of the Telfer hub.
The Australian dollar gold price soared above $6,000 per ounce for the first time on Tuesday, in an additional boost for a trio of gold producers reporting quarterly production figures.
Greatland Resources has offered more context to a recent guidance downgrade at its Telfer mine which led to a billion-dollar sell-off, following up a series of questions from the ASX.
Goldminers are increasing the scale and size of their operations amid a record price environment fuelled by geopolitical tensions and economic uncertainty.
Greatland Resources has rejected a media report which claimed it was under the scrutiny of the corporate regulator, following a recent production guidance reduction.
An ore quality risk assessment has cast a shadow over Greatland Resources' FY26 guidance, offsetting the mid-tier miner's quarterly results and prompting a sharp sell-off on Tuesday.
The world's largest goldminer has boosted the proceeds from its sale of the Telfer asset to ASX-listed Greatland Resources, reporting a 230 per cent relative return on recently sold shares.
Greatland Gold has announced a small capital raising and a big selldown by major shareholder Newmont ahead of the $3.5 billion miner's listing on the ASX.
Greatland Gold directors including Mark Barnaba and Elizabeth Gaines will be paid to surrender millions worth of in-the-money share options, to meet the company's ASX listing requirements.
Greatland Gold has unveiled a plan to seamlessly bring ore from its Havieron deposit into production through the Telfer goldmine from the 2028 financial year.
Forrest-backed Greatland Gold has built up a cash balance of almost $400 million off better-than-expected output from its Telfer goldmine, as it gears up for a mid-year listing on the ASX.
Andrew Forrest-backed gold producer Greatland Gold has progressed its flagged listing on the Australian Securities Exchange, with the company set to be admitted by mid-2025.
The price of gold saw out the work week above US$3,000 per ounce, driven to all-time highs amid a bull run fueled by global economic and geopolitical uncertainty.
West Coast Eagles chair Elizabeth Gaines says the AFL would likely look towards the eastern states, should it look to expand the competition beyond 2028.
Greatland Gold has hailed the “Rolls Royce” Telfer project it acquired in December, after producing almost 30,000 ounces of gold from the project over its first 27 days of ownership.
Goldminer Catalyst Metals has cleared $36 million worth of inherited debt, riding the wave of gold price momentum which has led to a flurry of activity in the sector this week.
Greatland Gold has lauded the transformative potential of its $700 million deal for Newmont's Telfer mine and the nearby Havieron gold project, as it closes in on its completion this week.
Greatland Gold and Newmont are targeting early December for completion of the $700 million acquisition of the neighbouring Havieron and Telfer gold projects.
Lycaon Resources has secured its final heritage and program of works approvals to clear the way for drilling at its multi-element Stansmore carbonatite project in Western Australia's West Arunta region. The heritage clearance survey, which was completed in July, relates to the company's three priority Stansmore, Volt and Ions targets where it is chasing niobium, rare earths and iron oxide copper-gold.
A tailings storage facility which plagued recent operations at Newmont Mining's Telfer goldmine has been remediated, the project's aspiring owner Greatland Gold has told the London market.
Greatland Gold chief executive Shaun Day believes the Telfer gold-copper mine his company is acquiring in a $700 million deal with Newmont Corporation is in its best shape in nearly two decades.
Greatland Gold remains keen on the ASX listing it postponed last year, pending progress on the potential buyback of a majority stake in the Havieron gold project from JV partner Newmont.
Our weekly appointments wrap includes Michael Ashforth, Tony McClure, Dean Horton, Monique Connolly, Shannon Coates, James Hopkins, Jared Dimbleby and Alex Biddulph.
Greatland Gold managing director Shaun Day says the company would be open to consolidating ownership of the Havieron gold-copper project if the opportunity presented itself.
Newmont Corporation has announced it will divest six of its non-core assets, including its Telfer goldmine in the Pilbara, with Andrew Forrest-backed Greatland Gold the likely buyer.
Elizabeth Gaines will be paid a $1.2 million salary after taking up a part-time executive director role at Fortescue Metals Group, while Jenn Morris has resigned from the company's board.
Mark Barnaba-chaired Greatland Gold plc has confirmed its intention to list on the ASX this year but is still evaluating the choice of lead manager and the scope of any equity raising.
Our board moves wrap includes David Gration, John Kolenda, Sophie Raven, Jessie Klaric, Troy Irvin, Lee Stephens, Sonia Hamilton-Browne, Andrew Doe, Derek Humphry, Stephan Stander, Benjamin Dry, and Yasmin Broughton.
Our weekly appointments wrap includes Donna Thornton, Jeremy Meynert, Simon Tyrrell, Matthew Read, Gavin Chamberlain, Jason McFarlane, Giles Tuffin, Nikki Harvey, Chris Massey, Nick de Vries, Daniel Miller, Aaron Heary, Phil McClintock and Janet Holmes à Court.
Mark Pownall and Mark Beyer discuss economic data, Greatland, Rio Tinto, South Freo power station, public sector wages, power and energy, Mandogalup, black cladding, Avicena and Garry Brown-Neaves.
Political editor Gary Adshead talks about his interview with Michelle Roberts and the former police minister's journey from Labor Party stalwart to Speaker of the Legislative Assembly.
