GREATLAND RESOURCES LTD.

Greatland Resources outlined an operational turnaround and a growth plan focused on cash generation, exploration and mine expansion at the Diggers & Dealers Forum. Following the acquisition of Telfer and stakes in Havieron, the company reported production of 329,000 ounces of gold and 15,000 tonnes of copper, a resource increase at Telfer to 7.9 million ounces and reserves of 1.8 million ounces. Greatland reports AUD 1.3 billion in cash, no debt, free cash flow of more than AUD 1.6 billion and available liquidity of AUD 1.8 billion including a credit facility. Havieron is expected, as a brownfield project, to deliver 270,000 ounces per year over a 17‑year life; processing costs are quoted at AUD 17/tonne and AISC at AUD 1,610/ounce, which the company presents as cost‑efficient. » Altro su de.investing.com

Employees of Greatland Resources have exercised 437,500 vested options and 247,329 vested performance rights under the employee incentive plan. The exercisers are not executives; each option/performance right entitled the holder to one fully paid ordinary share. The company satisfied the exercises by transferring existing shares from a trust, and no new shares were issued. In addition, 63,998 vested performance rights of former employees lapsed on their departure; notices were lodged with the ASX. » Altro su de.investing.com

Greatland Resources exceeded its full-year gold production guidance, producing nearly 329,000 ounces. Cash balances rose to almost $1.3 billion and the company reports no debt. The results leave Greatland with a strengthened financial position going forward. » Altro su finance.yahoo.com