0047 GMT - Greatland Resources is downgraded to neutral, from outperform, by Macquarie, which was left disappointed by the gold miner's decision not to improve its annual guidance. Greatland's 2Q result was accompanied by commentary that it is trending toward the upper end of FY 2026 output guidance of 260,000-310,000 oz of gold. Its all-in sustaining cost is also on track for the bottom end of a A$2,400-A$2,800/Oz guidance range. "Given the strong production and cost performance in the financial year-to-date, there could have been an opportunity to increase production guidance, reduce cost guidance, or narrow the guidance range," says Macquarie. Greatland is down 0.2% at A$13.86. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 28, 2026 19:47 ET (00:47 GMT)
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