Greatland Resources was the pick of the local gold producers who lifted the lid on their September quarter numbers amid the precious metal reaching another price milestone.
Greatland finished Tuesday up 9.6 per cent after it reported gold output of 81,000 ounces from its Telfer mine in the East Pilbara. The company boosted its cash balance by $175 million over the quarter to hold $750m by September 30.
All-in sustaining costs were still to be finalised, Greatland said, but investors should expect the final figure to be at the lower end of its $2,400/oz to $2,800/oz forecast range.
The Forrest family’s private companies Wyloo and Tattarang control 18.2 per cent of Greatland’s stock.
Goldfields mid-tier miner Regis Resources stated its September quarter was “in-line with expectations” wi