GGPChat

"We are initiating coverage on Greatland Gold (GGP) with a BUY rating and £0.17 price target. Production at Telfer exceeded expectations in GGP’s first month of ownership and we believe Telfer will deliver output beyond the current 15 month mine plan. We assume gold and copper production ~20% higher than guidance. The release of updated resources and reserves for Telfer are expected 3QFY25 and 4QFY25 and present key near-term catalysts for GGP. The world class Havieron project accounts for 56% of our valuation and the completion of a feasibility study later this year should confirm capital costs and the development timeline. We expect Havieron to cost A$1.0b to build, producing ~225kozpa of gold at an AISC of ~A$1,250/oz for ~20 years with first production in early FY28. Confirmation of capital cost and time to first production for Havieron also present material catalysts for GGP."

https://www.argonaut.com/greatland-gold ... -coverage/

Shaun previously indicated production costs expected of around $900 per ounce at Havieron.
This is better than is being suggested by Argonaut, happy days.

Irish24 - check out the dollar signs: Aus$ Vs US$. I think you'll find argonaut is correct.
Z

Thanks Irish & Zoros!

Just for clarification, the last Havieron AISC rating in the Greatland December Corporate Presentation was for the following:

STEADY STATE (FIRST 15 YEARS) AISC - AUD 1,240 PER OZ & USD 818 PER OZ

Please note that this AISC is also net of by-product credits.

This is still the lowest, projected, AISC, for any mines located in Australia that are owned by companies with an ASX listing.

Thanks missed the Aussie dollar sign, I think Shaun was talking US at the time as he was quoting $2200 as their gold price used for calculations during the acquisition.