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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: 7.20
Bid: 7.10
Ask: 7.30
Change: -0.06 (-0.83%)
Spread: 0.20 (2.817%)
Open: 7.25
High: 7.20
Low: 7.10
Prev. Close: 7.26
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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.

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EARNINGS AND TRADING UPDATES: Accsys narrows interim pretax loss

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

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14 Nov 2023 12:48

Greatland starts drilling at Meadows gold prospect

(Sharecast News) - Greatland Gold announced the start of drilling activities at the Meadows gold prospect within the Ernest Giles Project on Tuesday, in an underexplored Archean greenstone belt in Western Australia's Yilgarn Craton.

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14 Nov 2023 11:46

IN BRIEF: Greatland Gold starts diamond drilling at Meadows prospect

Greatland Gold PLC - Western Australia-focused exploration and development company - Commences diamond core drilling at "highly prospective" Meadows gold prospect within its Ernest Giles project in Western Australia's Yilgarn region. Says first two holes will test interpreted mineralised zones, with drilling co-funded by the state government's Exploration Incentive Scheme with a grant for up to AUD220,000 or GBP115,000. Drilling builds on previous work at Ernest Giles and "will provide important geological and structural information" for a systematic reverse circulation drill programme next year.

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3 Nov 2023 11:16

Greatland completes inaugural drilling at Paterson South

(Sharecast News) - Greatland Gold has successfully concluded its inaugural drilling campaign at the Paterson South Project, it announced on Friday, operating under a farm-in and joint venture agreement with Rio Tinto Exploration.

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3 Nov 2023 10:17

IN BRIEF: Greatland says phase one drilling finished at Paterson South

Greatland Gold PLC - Western Australia-focused exploration and development company - Says phase one of drilling campaign at Paterson South in Western Australia has been completed. Under a farm-in and joint-venture deal announced in May, Greatland Gold is entitled to a 75% interest in Rio Tinto Exploration Pty Ltd's 100% owned Paterson South project. Says drilling "effectively tested" the magnetic source of the Stingray and Decka targets, with assay results showing "moderately anomalous" gold and copper in various intervals.

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27 Oct 2023 12:35

Starvest proposes cancelling shares and distributing assets

(Alliance News) - AIM-listed Starvest PLC on Friday proposed cancelling its London listing, frustrated by its shares trading at a "substantial discount".

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24 Oct 2023 17:12

Greatland Gold to pause development at Havieron to allow further tests

(Alliance News) - Shares in Greatland Gold PLC on Tuesday eased as it announced it would need to pause development at Havieron to allow further hydrological drilling, data collection and evaluation will be completed.

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24 Oct 2023 10:25

Greatland Gold reports further progress at Havieron

(Sharecast News) - Greatland Gold updated the market on its Havieron gold-copper project in Western Australia's Paterson province on Tuesday, reporting that as of 8 October, the decline development had reached a depth exceeding 2,030 metres, with 770 metres remaining before reaching the base of the Permian cover and the top of the Havieron orebody.

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17 Oct 2023 12:26

IN BRIEF: Progress continues at Greatland Gold's Havieron project

Greatland Gold PLC - Western Australia-focused exploration and development company - Says progress continues at its Havieron gold-copper project in Western Australia, with total decline development to date now exceeding 2,820 metres as at October 8. As a result, development is now approaching the lower and final aquifer at the base of the Permian cover at Havieron.

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2 Oct 2023 19:41

IN BRIEF: Greatland Gold non-exec Alex Borelli sells 10 million shares

Greatland Gold PLC - Western Australia-focused exploration and development company - Non-executive Director Alex Borrelli sells 10.0 million shares for 6.35 pence each on Sunday. Worth total GBP635,000.

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21 Sep 2023 21:13

IN BRIEF: Greatland Gold enters into deal with Wakamurru Aboriginal

Greatland Gold PLC - Western Australia-focused exploration and development company - Signs land access & mineral explorations agreement with Wakamurru Aboriginal Corp RNTBC, acting on behalf of the Manta Rirrtinya Native title holders. The agreement is for tenement areas within the company's Ernest Giles project on the Manta Rirrtinya exclusive native title determination area in Western Australia. Greatland Managing Director Shaun Day says the agreement "sets in place a mechanism for the Manta Rirrtinya people to benefit from exploration by Greatland on their country. I would like to thank the Wakamurru board for their efforts in bringing this agreement to fruition and look forward to building a strong relationship based on mutual respect and cooperation."

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20 Sep 2023 10:33

Wishbone Gold says drill rig now at Red Setter in Western Australia

(Alliance News) - Wishbone Gold PLC on Wednesday said that the drill rig and support trucks operated by Strike Drilling have arrived at the Red Setter project in the Paterson Range of Western Australia.

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20 Sep 2023 09:17

Greatland inks land access deal with Manta Rirrtinya native title holders

(Sharecast News) - Greatland Gold has entered into a land access and mineral exploration agreement with the Wakamurru Aboriginal Corporation RNTBC, it announced on Tuesday.

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15 Sep 2023 12:48

Greatland Gold applies for more Pilbara exploration licences

(Sharecast News) - Greatland Gold announced moves to secure new exploration territories in the Gascoyne on Friday, specifically at Yannarie to the south of the Pilbara.

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15 Sep 2023 11:06

Greatland Gold submits two applications for exploration at Yannarie

(Alliance News) - Greatland Gold PLC on Friday said it has submitted applications for two new exploration licences covering 126 square kilometres in Australia.

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