Street Talk

Not-so-Greatland Gold under scrutiny from investors, ASIC

Sarah Thompson, Kanika Sood and Emma Rapaport

Aug 3, 2025 – 4.08pm

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For a moment, bankers at Barrenjoey Capital Partners, Bank of America and Canaccord Genuity looked like heroes having navigated Greatland Resource onto the ASX and into the gold production big leagues with a float that sent the company’s stock more than 12 per cent higher on debut.

That was late June. Now the same bankers are feeling the heat from aggrieved investors – and curious regulators – after Greatland warned it would not meet its production guidance for the next year, and expected costs to be higher than forecast.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.