Greatland Resources stock names a COO while price falls 1.77 percent

Published on 10/08/2026 at 02:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nick Strong started as Greatland Resources chief operating officer on October 5, 2026, adding oversight for Telfer and Havieron. The stock was last at AUD 9.98 on ASX.

Greatland Resources, AU0000397705, Illustration mit AI erstellt.

Greatland Resources (ISIN AU0000397705) was last at AUD 9.98 on the ASX on October 8, 2026, down 1.77 percent from the prior close of AUD 10.16. The company has also completed a management change that places operations and project delivery at the center of the next phase.

New COO takes operational role

According to Simply Wall St on October 5, 2026, Nick Strong started as chief operating officer and assumed responsibility for the Telfer mine and Havieron development project. Otto Richter moved from acting COO to chief technical officer when Strong commenced.

Strong brings more than 25 years of mining and operational experience across Northern Star Resources, Rio Tinto and Newcrest Mining, according to Simply Wall St. The appointment matters because Greatland is moving from the integration of Telfer toward execution at Havieron.

Profit growth meets execution risk

Greatland's latest reported period was the fiscal year ended June 30, 2026. Revenue reached AUD 2.26 billion, up 136 percent from fiscal 2025, while net income rose 156 percent to AUD 862.3 million, according to Simply Wall St.

The company also delivered fiscal 2026 earnings per share of AUD 1.29, compared with AUD 0.64 in fiscal 2025. Its fiscal 2027 plan targets 260,000 to 300,000 ounces of gold at an all-in sustaining cost of AUD 2,900 to AUD 3,330 per ounce, as stated in Greatland's September 2026 corporate presentation.

Analysts see upside to AUD 13.21

Investing.com reports a Buy consensus from 12 analysts, with an average 12-month price target of AUD 13.21, a high of AUD 16.50 and a low of AUD 10.90. The average target lies 32.37 percent above the AUD 9.98 share price.

Macquarie upgraded Greatland Resources to Outperform from Neutral on October 5, 2026, according to FNArena. The market case therefore combines a sharply stronger fiscal 2026 earnings base with the need to deliver the lower fiscal 2027 production range while funding Telfer and Havieron.

Greatland Resources stock stays below yearly high

On October 8, 2026, Greatland Resources stock traded between AUD 9.88 and AUD 10.05 on the ASX, with volume of 1,522,286 shares. Its market capitalization was AUD 6.7 billion, and the 52-week range was AUD 6.73 to AUD 15.43, leaving the price 35.32 percent below the high.