Diggers & Dealers 2026: Greatland Gold boss Shaun | Australian Markets

Greatland Resources boss Shaun Day says he “respects” the market’s visceral response to a current manufacturing downgrade, however denies talking with the company cop about disclosures.

The gold miner’s share price had been driving as high as $7.30 on a robust Australian Securities Exchange debut made on the finish of June that had shares on offer at $6.60.

But a cut to the Telfer gold miner’s anticipated manufacturing for the 2026 financial yr seemingly spooked traders and wiped almost 24 per cent off its share price, which fell from $6.89 to $5.24 and is but to correctly recuperate.

The steerage downgrade, made within a short window of Greatland affirming the April numbers in its prospectus for an ASX itemizing in May, reportedly attracted the eye of the company cop.

The Australian Financial Review’s Street Talk column reported that the Australian Securities and Investments Commission had been asking questions on what the company and its advisers knew on the time of the float.

Taking questions from media at Diggers and Dealers on Tuesday about whether or not ASIC had spoken to the Greatland, Mr Day stated:“We weren’t contacted to comment on that. If we had been, we would have said no.”

An ASIC spokeswoman declined to remark when requested by The West Australian there had been any sort of engagement with Greatland.

Asked more concerning the downgrade and the market’s response, Mr Day stored issues transient.

“I respect the market, but what we what we focused o was just making sure that we gave a clear update, and we’re really confident that we can achieve that update.”

Production for the 2026 financial yr was dropped from a 300,000 ounce to 340,000 ounce band to between 260,000oz and 310,000oz