Greatland Gold ( (GB:GGP) ) has provided an update.
Greatland Gold plc announced its interim results for the six months ending December 31, 2024, highlighting the completion of its acquisition of 100% ownership of the Havieron gold-copper project and the Telfer gold-copper mine from Newmont Corporation. This acquisition positions Greatland as a significant Australian gold-copper producer, with the potential to optimize mining and processing operations. The company reported a strong start to production at Telfer, with substantial mined stockpiles and a maiden concentrate shipment in January 2025. Financially, Greatland raised $334 million through an oversubscribed Institutional Placing and Retail Offer, resulting in a closing cash position of £71.9 million and no debt. The company is also preparing for a cross-listing on the ASX, expected in the June 2025 quarter, which aims to enhance its capital markets profile and institutional ownership.
More about Greatland Gold
Greatland Gold plc is a gold and copper mining company listed on the London Stock Exchange’s AIM Market, operating primarily in Western Australia. The company’s portfolio includes the Telfer gold-copper mine and the Havieron gold-copper project, both of which are located in the Paterson Province of Western Australia. Greatland is involved in gold and copper mining, project development, and mineral exploration and evaluation.
YTD Price Performance: 32.08%
Average Trading Volume: 52,611,393
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.1B
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