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Pin to quick picksGreatland Gold Share News (GGP)

Share Price Information for Greatland Gold (GGP)

London Stock Exchange
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Share Price: 6.10
Bid: 6.00
Ask: 6.20
Change: 0.16 (2.65%)
Spread: 0.20 (3.333%)
Open: 6.05
High: 6.22
Low: 6.20
Prev. Close: 6.04
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AIM WINNERS & LOSERS: PetroTal revenue surges; IOG cuts guidance

Thu, 25th Aug 2022 11:19

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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Angus Energy PLC, up 22% at 1.53p, 12-month range 0.56p-1.65p. The oil and gas development company says it has introduced and processed well head gas throughout the combined extraction and condensate processing facility at Saltfleetby gas field in Lincolnshire, England. Angus says it will make nominations for gas sales once it sees stable flow, uninterrupted by electronic trips, for an extended period of time - being not less than eight hours continuous flow. Angus believes this will occur before the end of August.

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PetroTal Corp, up 16% at 48.20 pence, 12-month range 0.14p-49.00p. The oil and gas firm's crude oil revenue jumps in the first half of 2022, boosted by high growth in oil prices. For the six months ended June 30, net income more than triples to USD148.8 million from USD42.2 million a year prior. Crude oil revenue surges to USD211.2 million from USD75.2 million. The firm - focused on oil assets in Peru - says it realised an average Brent price of USD101.54 per barrel, an increase of 58% from USD64.28 a year ago. Looking ahead, it is guiding a 2022 average production of 15,000 barrels of oil per day, up 67% from 8,966 in 2021.

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AIM - LOSERS

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IOG PLC, down 18% at 32.28p, 12-month range 20.59p-46.00p. The North Sea-focused gas and infrastructure operator increases profit in the first half to 2022 as energy prices rise, but lowers production guidance for the Southwark gas field. Pretax profit in the six months to June 30 surges to GBP11.4 million from GBP209,000 a year ago. IOG reduces its gross production guidance for the second half of 2022 to 30 million to 50 million standard cubic feet per day from 45 million to 60 million on June 20 to "account for a range of planned and unplanned downtime scenarios as well as potential variation in Southwark first gas timing," referring to its gas field in the North Sea.

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Greatland Gold PLC, down 8.7% at 8.49p, 12-month range 8.10p-23.00p. The gold miner says it has raised USD35 million via an "oversubscribed" placing of 362.9 million shares at 8.20p each. On Wednesday, the London-headquartered mine developer and explorer focused on Western Australia announced a placing to raise USD30 million. The issue price represents a 13% discount to the firm's closing price on Wednesday. Greatland on Wednesday, said it intends to use the proceeds to fund the continued development of Havieron in conjunction with joint venture partner, Newcrest Mining Ltd.

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By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
30 Apr 2024 12:03

Greatland Gold touts progress at Havieron as total development rises

(Alliance News) - Greatland Gold PLC on Tuesday celebrated "significant" progress in the March quarter, with total development at Havieron exceeding 3,060 metres.

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25 Apr 2024 20:57

TRADING UPDATES: Norcros sells Johnson Tiles UK; Trifast trading well

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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5 Mar 2024 12:25

Greatland reports decent progress in interim report

(Sharecast News) - Greatland Gold reported progress at its flagship Havieron gold-copper project in an interim report on Thursday, and updates on exploration activities across its Australian portfolio.

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5 Mar 2024 11:52

IN BRIEF: Greatland Gold annual loss narrows but reports higher costs

Greatland Gold PLC - Australia-focused exploration and development company - Says pretax loss narrows to GBP5.5 million in 2023 from GBP13.3 million the year before. However, says its exploration expenses rose 59% to GBP2.7 million GBP1.7 million the year prior. The firm generates no revenue for the year, unchanged from 2023.

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22 Feb 2024 14:33

IN BRIEF: Greatland Gold celebrates updated Havieron gold estimate

Greatland Gold PLC - Australia-focused exploration and development company - Notes the updated annual reserve and resource statement from Newmont Corp for the pair's Havieron gold-copper project. Havieron is Greatland's flagship exploration project, located in Western Australia.

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8 Feb 2024 10:37

Greatland Gold upbeat on recent drilling at Ernest Giles

(Sharecast News) - Greatland Gold announced the conclusion of its Western Australian government co-funded drilling programme at the Meadows gold prospect on Thursday, situated within its wholly-owned Ernest Giles project.

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8 Feb 2024 09:43

Greatland Gold confirms gold mineralisation at Ernest Giles project

(Alliance News) - Greatland Gold PLC on Thursday confirmed gold mineralisation and pathfinder geochemistry at its Meadows prospect in the Ernest Giles project.

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25 Jan 2024 14:11

Greatland Gold says Haveiron project benefiting from Newmont support

(Alliance News) - Greatland Gold PLC on Thursday said development is progressing at its flagship Haveiron gold-copper project in western Australia, with added support from its recent joint venture partner Newmont Corp.

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9 Jan 2024 09:29

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Wednesday:

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21 Dec 2023 14:00

Greatland announces rise in Havieron mineral resource

(Sharecast News) - Greatland Gold announced a significant increase in its mineral resource estimate for the Havieron gold-copper project in Western Australia's Paterson province on Thursday.

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21 Dec 2023 10:58

Greatland Gold reports increased gold content at Haveiron project

(Alliance News) - Greatland Gold PLC on Thursday provided a promising update on mineral resource estimates for its Haveiron gold-copper project.

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13 Dec 2023 12:07

Greatland Gold unveils results of drilling at Scallywag

(Sharecast News) - Greatland Gold announced the results of its 2023 drilling and geophysical exploration programme at its wholly-owned Scallywag tenement in the Paterson Region of Western Australia on Wednesday, next to its flagship Havieron gold-copper project.

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13 Dec 2023 10:38

Greatland Gold finds anomalous gold and copper at Scallywag tenement

(Alliance News) - Greatland Gold PLC on Wednesday said anomalous gold and copper, and key pathfinder metal geochemistry, returned in assays from all four prospects at its Scallywag tenement.

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30 Nov 2023 11:35

Greatland upbeat on Panorama surface sampling results

(Sharecast News) - Greatland Gold revealed the outcomes of its recent surface sampling efforts conducted across its Panorama East, Panorama, and Panorama North tenure on Thursday.

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30 Nov 2023 09:58

Greatland Gold hails confirmation of nickel prospectivity at Panorama

(Alliance News) - Greatland Gold PLC on Thursday confirmed nickel prospectivity at Panorama, following soil sampling at the site.

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