Why Is Blackrock buying GGP with such enthusiasm15 Sep 2025 10:17
Strong Company Performance and Growth Outlook: Greatland Resources has shown notable progress in 2025, including a return to profitability in FY25 (reversing prior losses), the acquisition of non-core assets from Newmont in Australia (expanding its portfolio), and ambitious production targets of 260,000–310,000 ounces of gold in FY26 with all-in sustaining costs (AISC) of $2,400–$2,800 per ounce. The company is focused on its flagship Havieron gold-copper project and the Telfer mine, positioning it as a mid-tier producer in a bullish gold market. BlackRock, which has publicly forecasted gold prices potentially reaching $5,000 per ounce by 2026 amid inflation, stock market volatility, and geopolitical risks, may view GGP as an attractive exposure to rising commodity prices. There has also been suggestions that Tungsten is of interest rising tungsten prices due to global demand in tech and defense. However, this remains unconfirmed as a primary driver in BlackRock's decisions. More broadly, BlackRock's investments in gold miners like Newmont align with its strategy to bolster gold reserves amid expectations of U.S. economic challenges, including potential stock crashes and rising debt.