Telfer: first gold poured under Greatland

The first gold bars under Greatland Gold ownership were poured at Telfer, following the company’s acquisition of Telfer and Havieron from Newmont (ASX: NEM) on December 4, 2024.

Prior to completion, processing operations were utilising only one of the two nominal 10mtpa processing trains, preserving Telfer ore and stockpiles for Greatland to process after completion.  Shortly following completion of the acquisition, Greatland resumed dual-train processing operations.

An estimated 30.5mt to 34.5mt of stockpiles were acquired by Greatland on completion.  The stockpiles include an estimated 11.5mt of high-grade run-of-mine grade ore stockpiles, plus a further estimated 19.0 to 23.0mt of low-grade stockpiles.

Mining is continuing in the West Dome open pit and Main Dome underground.

Greatland Gold managing director Shaun Day says the company’s first ever gold production at Telfer is a wonderful milestone and a credit to its team.

“Equally importantly, we are delighted to have resumed dual train processing operations in line with our Telfer mine plan,” he said.

“The combination of a strong gold price and significant ore stockpiles at surface makes this a tremendous time to own the Telfer mine.”

Greatland is targeting a dual listing on the ASX in the June quarter 2025.