Greatland Gold PLC (AIM:GGP, OTC:GRLGF) CEO Shaun Day talked with Proactive about the company’s performance during the March quarter and its strategic progress with the Telfer asset.
Day said the company generated A$253.00 million in free cash flow, lifting the total bank balance to A$398.00 million and maintaining a debt-free position. “I think that’s just a remarkable outcome after four months of ownership,” Day stated. Production for the quarter exceeded 90,000oz of gold equivalent, surpassing internal and market expectations. Costs also came in lower than forecast, with an all-in sustaining cost around A$2,100 per ounce.
The company is investing heavily in revitalising Telfer, tripling the number of drill rigs to six and initiating the Stage 7 cutback at West Dome. Underground, high-grade intercepts at West Dome and a newly commissioned second decline highlight Greatland’s focus on long-term growth.
Day also discussed the company's guidance for the seven months to June 2025, forecasting between 196,000oz and 210,000oz at an all-in sustaining cost of A$2,100–A$2,250 per ounce. He emphasised the margin potential at current gold prices exceeding A$5,000 per ounce.
In addition, the company has formally commenced its ASX listing process, with dual listings in London and Australia expected by late June.
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