You only have to start to comprehend what's happening here, by looking back at the first full quarter figures again (Q1 2025) for Greatland Gold, and how outstanding they were:
Revenue of A$458m - Production of 90,172oz of gold (Au) and 3,511t of copper (Cu) at an all-in-sustaining-cost (AISC)1 of A$2,126/oz Au. - Gold production 21% higher, and AISC lower than the initial Greatland pre-acquisition mine plan. - A$253 million of free cash flow - Debt free with a closing cash balance of A$398 million
On top of all of that, it's interesting to note that the A$ gold price in Q1 was between approx. A$4,200 - A$5,000, yet the A$ gold price in Q2 was constantly at A$5,000+
As for the copper, in Q1 2025 we produced 3,511t of copper at Telfer, and we sold 3,705t, at a weighted average realised price of A$13,140/t, but the current cash price for copper is now well above US$9,800/t = around A$15,000/t
Also of note, with how important the oil price is to the AISC, the oil price in Q2, was around 10-15% lower than the average oil price in Q1, despite the later spike (and fall back again).
Bring it on!
GGP Price at posting:
$6.97 Sentiment: Buy Disclosure: Held
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