Greatland's Havieron Signoff Starts Stopwatch, Bear Says -- Market Talk

Dow Jones
06/01

0134 GMT - Greatland's approval of the Havieron gold-copper project "should mark the start of the stopwatch more so than the removal of any residual regulatory risks," says MA Financial, noting the miner had been expected to green light the investment. The asset manager says it sees little funding risk given Greatland's current balance sheet and the availability now of a corporate debt facility. However, spending at Havieron--combined with a modest production slowdown at Greatland's Telfer mine--is anticipated to cause a near-term decline in cash flow. "For generalist investors focused on these metrics, we expect this to weigh on share-price performance relative to peers offering stronger near-term production growth or lower capital intensity," says MA. It has a sell rating and A$12.10 target on Greatland. Shares are up 2.5% at A$13.99. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

May 31, 2026 21:34 ET (01:34 GMT)

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