Aim-listed Greatland Gold has reported a strong start to production at the Telfer mine in Western Australia, following its recent acquisition of the operation.

The company announced this week that it had achieved total production of 33 882 oz of gold equivalent during the 27.3 days under its ownership in December. This performance reflects a monthly production rate 33% higher than the average outlined in Greatland’s initial Telfer mine plan.

While the December outperformance is notable, Greatland cautioned that the period was relatively short and benefited from mill grades higher than the average in the mine plan.

"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,” said MD Shaun Day.

"The successful production of 33 882 oz gold equivalent 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,” he added.

Day also highlighted the favourable market conditions and strategic opportunities the company was positioned to leverage.

“The combination of the high Australian dollar gold price, substantial mined stockpiles at surface, Telfer mine life extension targets, and the approaching development of the world-class Havieron gold/copper asset presents a unique opportunity for near-term cash flow and medium-term growth,” he said.

The company remains focused on key operational and strategic priorities, including the safe and productive operation of Telfer, progressing mine life extension initiatives, and advancing the Havieron feasibility study.

“We look forward to providing a fulsome March 2025 quarterly update, which will include cost performance and production and cost guidance for the 2025 financial year,” said Day.

He also confirmed progress on Greatland’s preparations for a dual listing on the ASX, targeting a listing in the June 2025 quarter.

"As a significant Australian gold/copper producer, the ASX listing is intended to provide benefits including an enhanced capital markets profile and increased institutional ownership and index participation," he stated.