Greatland Gold has revealed an impressive start to its operations at Telfer, with gold equivalent production exceeding expected monthly rates by approximately 33% in its first partial month of ownership.
The mining company, which completed the consolidation of 100% ownership of Telfer and Havieron in December, reported production of 29,864 ounces of gold and 1,189 tonnes of copper, equivalent to 33,882 ounces of gold, during just 27 days of ownership in December.
Operations commenced immediately upon completion of the acquisition, with dual train processing operations resuming on the first day. The company processed 1,466 thousand tonnes of ore during the period, with mining activities yielding 639 thousand tonnes from the West Dome Open Pit and 95 thousand tonnes from Telfer Underground.
“We are really pleased with the start we have made to our ownership of Telfer and Havieron,” Greatland Managing Director, Shaun Day.
“Transforming overnight from an explorer and developer to the owner and operator of Australia’s third largest gold-copper processing operation is a substantial achievement and a credit to the hard work and quality of our team.
“The successful production of 33,882 ounces gold equivalen1 during Greatland’s ownership in December was an excellent achievement and is testament to our team’s ability to maintain operational discipline whilst in parallel advancing the integration process.”
Greatland is conducting a site-wide mine plan extension review to potentially extend Telfer’s current mine life.
While the December production results are encouraging, the company noted that the period was relatively short and benefited from higher-than-average mill grades compared to the Telfer mine plan.
A more comprehensive assessment of cost metrics, including All In Sustaining Cost (AISC), will be reported for the full March 2025 quarter, along with production and cost guidance for the remainder of FY2025.
Investors will also be pleased to hear that the work on the Havieron Feasibility Study is progressing as planned, with completion targeted for the second half of 2025.
Havieron is Greatland’s flagship asset and one of the most significant gold discoveries of recent times.