Greatland Gold Secures A$100M Facility to Bolster Operations

Greatland Gold (GB:GGP) has released an update.

Greatland Gold has secured a significant financial boost through a A$100 million Syndicated Facility Agreement with ANZ, HSBC, and ING, enhancing its liquidity for the Telfer gold-copper mine operations. This agreement, coupled with protective put options on gold, allows Greatland to maintain financial flexibility while protecting against gold price volatility. The strategic move supports the company’s transition from developer to producer, following its acquisition of the Telfer and Havieron projects.

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