Greatland Resources Ltd Reports Strong Profit in First Telfer Ownership Period
Greatland Resources Ltd, an Australia-based gold and copper producer, has reported a significant profit in its first year of ownership of the Telfer gold mine. The company announced a profit of $337.3 million for the year, marking a strong financial performance following the acquisition of the Telfer mine.
The Telfer gold mine, located in the Paterson Province of the East Pilbara region in Western Australia, is a key asset for Greatland Resources. The mine operates both surface and underground mining, with Macmahon handling surface operations and Byrnecut managing underground activities. This strategic acquisition has evidently paid off, as evidenced by the substantial profit reported.
In addition to the Telfer mine, Greatland Resources is also developing the nearby Havieron gold-copper project, which is located approximately 45 kilometers east of Telfer. The company continues to explore across a significant regional portfolio, positioning itself for future growth in the materials sector.
The company’s shares closed at 5.45 AUD on August 27, 2025, with a market capitalization of 3.68 billion AUD. Over the past year, the share price has fluctuated between a high of 7.8 AUD on June 23, 2025, and a low of 4.91 AUD on August 12, 2025.
2025 Annual General Meeting Scheduled
Greatland Resources Ltd has announced that its 2025 Annual General Meeting (AGM) will be held on Thursday, in accordance with ASX Listing Rule 3.13.1. The AGM will provide shareholders with an opportunity to discuss the company’s performance and future plans. The closing date for director nominations is also set, allowing shareholders to participate in the governance of the company.
The AGM will take place at the company’s registered address in Subiaco, Western Australia. This meeting is an important event for shareholders and stakeholders, offering insights into the company’s strategic direction and financial health.
Overall, Greatland Resources Ltd’s strong financial performance in its first year of Telfer ownership, coupled with its ongoing development projects, positions the company well for continued success in the materials sector.