This ASX resources stock is soaring 7% on a big quarterly result

Shares in Greatland Resources Ltd (ASX: GGP) are surging higher on Wednesday following the release of a standout quarterly update.

At the time of writing, the gold and copper producer's shares are up 7.14% to $11.55. The stock is comfortably outperforming the broader ASX as investors digest a robust operational and financial result.

So, let's take a closer look at the numbers behind the update.

Solid quarterly output continues

According to the release, Greatland delivered its December 2025 quarterly production update.

The company reported gold production of 86,273 ounces for the quarter, alongside copper output of 3,528 tonnes. This marks a clear improvement on the September quarter, when Greatland produced 80,890 ounces of gold and 3,366 tonnes of copper.

For the first half of FY26, total production now stands at 167,163 ounces of gold and 6,894 tonnes of copper. This keeps the company on track operationally as it continues integrating the Telfer and Havieron assets in Western Australia's Paterson Province.

Sales for the quarter totalled 72,212 ounces of gold and 3,301 tonnes of copper. While all-in sustaining costs (AISC) are still being finalised, management confirmed they will be released with the full December quarterly activities report later this month.

Cash balance surges to $948 million

One of the standout takeaways from today's update was Greatland's balance sheet strength.

The company closed the December quarter with $948 million in cash and no debt. That compares to $750 million at the end of September, representing a cash build of $198 million over the three-month period.

Management noted this figure includes a one-off stamp duty payment of $46 million related to the Telfer-Havieron acquisition. Excluding that payment, the underlying cash build would have been $244 million for the quarter.

Importantly, Greatland remains unhedged, giving shareholders full exposure to higher gold prices. However, some downside protection is in place through gold put options.

What investors should watch next

While today's production and cash figures were well received, investor focus now shifts to the full December quarterly activities report.

That report is due for release on 28 January 2026.

It should provide greater detail on costs, guidance, and progress at Havieron, which is viewed as a key long-term growth asset.

Greatland is also scheduled to host a webcast for shareholders and analysts on the same day. This should offer further insight into strategy, operations, and near-term priorities.

Taken together, today's report helps explain why I believe Greatland should be on investors' radars in 2026.

The post This ASX resources stock is soaring 7% on a big quarterly result appeared first on The Motley Fool Australia.

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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