Greatland Resources (ASX:GGP) Is Up 8.5% After Higher December-Quarter Gold and Copper Output - What's Changed

• Greatland Resources Limited recently reported preliminary operating results for the December 2025 quarter, with production of 86,273 ounces of gold and 3,528 tonnes of copper, up from the prior quarter and bringing first-half FY2026 output to 167,163 ounces of gold and 6,894 tonnes of copper.
• This step-up in both gold and copper volumes offers investors fresh insight into how Greatland’s assets are currently performing on the ground.
• We’ll now examine how this higher December-quarter production shapes Greatland Resources’ investment narrative, particularly around the consistency of its output profile.

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What Is Greatland Resources' Investment Narrative?

To own Greatland Resources, you really need to believe in its ability to translate the Telfer–Havieron hub strategy and ongoing drilling into a long-lived, cash-generating operation, even as earnings are currently forecast to ease over the next few years. The December quarter production lift in both gold and copper is helpful here: it supports the company’s reaffirmed FY2026 guidance and, at least for now, reduces near term concern about any gap between promise and delivery. That said, it does not materially change the key short term catalysts, which still centre on the Havieron funding package, the March-quarter maiden West Dome Underground resource, and the upcoming Telfer resource and reserve updates. The main risks remain execution, cost control against a relatively high AISC range, and taking on substantial project debt.

However, there is an important funding and balance sheet risk here that investors should understand. Greatland Resources' shares have been on the rise but are still potentially undervalued. Find out how large the opportunity might be.

Exploring Other Perspectives

Explore 5 other fair value estimates on Greatland Resources - why the stock might be worth 13% less than the current price!

Build Your Own Greatland Resources Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Greatland Resources research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free Greatland Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Greatland Resources' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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