ASX reporting season: All the latest news from companies reporting results to the market today

Andrew Forrest-backed Greatland Resources has closed out its first full financial year as owner of the famed Telfer gold mine with a net profit of $862 million.

The miner turned out 328,987 ounces of gold in FY26, selling just under 370,000oz at an average realised price of $6223/oz.

All-in costs were 18 per cent higher than a year earlier at $2179/oz.

But Greatland got an extra boost from soaring copper prices, selling 14,730 tonnes at an averaged realised price of $14,895/t.

Revenue was up from $957m the previous year to $2.26 billion, while earnings before interest, tax, depreciation and amortisation rose almost four-fold to $1.33b.

Operating cash flow more than doubled to $1.24b.

MD Shaun Day said it was another transformative year for Greatland, which included picking up the Dealer of the Year award at the Diggers & Dealers Mining Forum in Kalgoorlie-Boulder earlier this month.

“Our first full financial year of Telfer under our ownership delivered exceptional operating results, driven by significant productivity improvements in our open pit and underground mines, and an excellent performance in our processing operations,” he said.

Greatland acquired Telfer and the remaining 70 per cent stake in the nearby Havieron project from Newmont Mining for about $715m in late 2024.

Mr Day said Havieron was a “world-class” gold and copper asset that could leverage exisiting infrastructure at Telfer.

The final investment deicision to build the $1.1b development was signed off in June.

Greatland is forecasting production of between 260,000oz and 300,000oz at all-in costs of between $2900/oz and $3330/oz for this financial year.

“The investments we make in FY27 will set the foundations for a period of production growth delivered b ya higher quality, longer life, gold-copper production centre in the Paterson region,” Mr Day said.

“We enter the year in a position of strength with net cash of approximately $1.3b at the close of FY26.”

The technology-heavy Nasdaq has outperformed peers at the close of trade after chip maker Nvidia’s bumper revenue forecast reaffirmed the strength of the AI boom and fuelled gains in technology stocks.

Nvidia shares jumped 8.7 per cent after the chip company’s robust forecast met lofty investor expectations, bolstering the view that the tech rally still has room to run as companies at the heart of AI buildout continue to deliver impressive growth.

“Nvidia’s results show that the AI boom is not running out of demand ... while delivering that growth is becoming more expensive and capital-intensive,” said Lale Akoner, global market strategist at eToro.

Morgan Stanley said in a note on Thursday that Nvidia’s forecast for revenue growth of 70 per cent next year is well above Morgan Stanley’s estimate for a 52 per cent rise and that the consensus estimate is closer to 40 per cent.

“We would expect Nvidia to continue to knock down barriers to higher growth,” said analyst Joseph Moore in the note.

Nvidia has warned that shortages of memory components could curb the pace of the industry’s growth.

The S&P 500 closed 55.29 points, or 0.72 per cent, higher at 7730.99 and the Nasdaq Composite gained 411.16 points, or 1.57 per cent, to 26,541.35 and the Dow Jones Industrial Average rose 105.56 points, or 0.20 per cent, to 53,569.44.

Read the full overnight report here ...

We’re winding down reporting season, and yesterday was a belter! In case you missed all the action, we’ve got you covered ...