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

Dow Jones

Jun 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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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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 31, 2026 21:34 ET (01:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Greatland's Havieron Signoff Starts Stopwatch, Bear Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGreatland's Havieron Signoff Starts Stopwatch, Bear Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-01 09:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     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) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 31, 2026 21:34 ET (01:34 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2640984731","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2640984731","pubTimestamp":1780277640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7104":"黄金","GGP.AU":"Greatland Resources Ltd"},"translate_title":"熊市表示，Greatland的Havieron签署启动秒表——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GGP.AU":0.9},"content_text":"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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 31, 2026 21:34 ET (01:34 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}