SYDNEY, March 23, 2026, 05:49 AEDT
- Greatland Resources is set to join the S&P/ASX 100 ahead of Monday’s open in Sydney. 1
- The stock wrapped up Friday’s session at A$10.11 on the ASX, sliding 7.25%. Its shares in London finished out down 4.88% at 507 pence. 2
- Greatland booked a half-year net profit of A$342.9 million and exited December sitting on A$948.3 million in cash, debt-free. Investors now look to the March-quarter Telfer resource update. 3
Greatland Resources lands a spot in the S&P/ASX 100 as the Australian market opens Monday, turning the spotlight back on the gold-and-copper miner after shares slipped on Friday. S&P Dow Jones Indices confirmed the reshuffle will be in place before trading kicks off March 23. Greatland’s ASX shares last closed at A$10.11, while its London listing wrapped up the day at 507 pence. 1
The timing isn’t ideal for Greatland: the stock is joining a top-tier Australian benchmark just as gold prices slide and investors hold out for the March-quarter Telfer mineral resource update. So, Greatland sits wedged between potential index-driven buying and a weaker gold market. 1
Greatland runs the Telfer mine and is pushing ahead on its Havieron project, both in Western Australia. The company last month posted half-year figures: net profit after tax came in at A$342.9 million, EBITDA hit A$560.3 million, and as of Dec. 31, cash stood at A$948.3 million—debt zero. 4
At the time, Managing Director Shaun Day pointed to ongoing execution at Telfer as a top priority, along with demonstrating mine-life extension options and moving Havieron forward as part of a broader integrated operation. Greatland’s balance sheet, he said, “positions us strongly” to go after that growth strategy. 3
The next milestone looms. During Greatland’s February results call, Day told investors that all drilling completed by Dec. 31 is set to feed into the March 2026 Telfer mineral resource update. He flagged not just resource growth, but also some ounces shifting from inferred to indicated status—the industry’s way of saying greater confidence in those tons. 5
Gold took a hit Friday, dropping 1.8% to $4,563.64 an ounce, according to Reuters, as a stronger dollar and rising Treasury yields weighed on prices. Independent trader Tai Wong commented the market is likely to “consolidate soon,” though he cautioned it’s going to be “a bumpy ride.” 6
Greatland isn’t alone—Regis Resources and Westgold Resources are also joining the S&P/ASX 100 in the latest March reshuffle. Gold players are clearly gaining ground in the Australian index. 7
But an index entry doesn’t guarantee fresh reserves or a firmer gold market. If bullion keeps sliding, or if Telfer’s update is delayed or disappoints, any technical lift from the rebalance could vanish quickly. Greatland has said that later stages in Havieron’s feasibility plan rely on inferred resources and exploration targets—materials with less geological certainty and no guarantee they’ll be upgraded. 6
So the table’s set for Monday: Greatland walks in carrying a better benchmark weight, decent cash flow, and a clear operating trigger on deck. Still, shares have been knocked back, dragged down by the gold price slide that’s hit the rest of the sector too. 1
